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Nifty 50 Index
Long

Nifty Monthly

By madhavan_sridharan
Updated
If you see on monthly, nifty has managed to stay above the clound way back from 2006. Except for a brief period in 2006, Chikou, a lagging indicator has stayed above or close to the price. Hindsight provides lot of information.. but for now looks to be in strong hands.. continue to look for a weak close on monthly for bearish outlook
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A close above 9080 on monthly will move the price to next level. A dip back to 9080, if held on monthly then can we expect the price to move to the centre line??
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price is retracing.. will be interesting to see what it does here
madhavan_sridharan
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