bijoy2526

NIFTY can it break the channel?

Long
NSE:NIFTY   Nifty 50 Index
It has to break out of the channel
While Reliance is taking a breather before commencing its up journey again.
SBI just retracing a little due to Rbi effect.
It appears upward journey of nifty will be resumed again.
But Bank nifty may outpace nifty as it has more catch up rally, still to surpass its all time high.
Always it is better to ride with the trend in larger time frame, we should not go as per the trend in shorter time frame.
Next sector may out perform appears to be auto sector and energy sector.
We are in a bull run and we were in a congestion zone for about more than 2 months.
We have come out that congestion zone.
In the process shaking up weaker retail players will there be in the process.
As long as nifty is forming higher high and higher low we are in uptrend.
Some retracements will be there but don't confuse that as reversals.
Patience always pays.
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Comments

Sir,What target should we expect in sbi?
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SIR..What could be entry levels and time fram? thank you
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Sir can it break the channel before this expiry or nifty will be sideways.
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@chuknu, no my view is not based on expiry.
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what could be the buy position for reliance sir as it cools off a bit.
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bijoy2526 nexgsimba
@nexgsimba, I will tell you in private
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nexgsimba bijoy2526
@bijoy2526, okay
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Sir, I have bought 2240 CE for June expiry. Is that good sir
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Sir today it has made triple top with lower highs (15 min ) .. will we see a slight correction first?
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@nsb64y, major correction does not appear to be there right now. If possibility is there I will post
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