bijoy2526
Long

NIFTY HAS ITS OWN BULL RUN.

NSE:NIFTY   Nifty 50 Index
IT SEEMS NIFTY WILL BE AT ITS OWN ALL TIME HIGH SOON
IT IS IN STRONG BULL RUN.
WHEN A STUFF IS IN BULL RUN IT DEFIES EVERY THING.
IT DEFIES OVER BOUGHT CONDITION,COMMON OPTION CHAIN AND PREVAILING ECONOMIC CONDITION TOO.
TARGET 2 IS IN QUITE STRING RANGE.
TODAY WAS NR7 DAY FOR NIFTY .
WHETHER IT WILL STRIKE ALL TIME HIGH TOMORROW OR IN THIS MONTH LET US SEE.
Sir, After Moody's downgrade what is your latest view on Nifty as it's a huge Negative for Mkt,as per my view.
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sir today's candle pattern is a perfect dragonfly doji, (O=H=C) it is a bit rare to find such perfect pattern outside of books. For the past few days, Nifty's daily range is so small, even today i.e.on a options settlement day, the gap between high and low was some 60-70 points. Is it not a little discomforting for bulls / positional long positions.
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@ipuneet, as per my view nifty is in bull run,when it happens it simply disregards every thing perhaps day before yesterday we had bearish candle but that did not prevent nifty from rising every body was expecting nifty to fall but it did n't happen, even nifty disregarded bearish harmonic pattern too some days ago .as per my view (not checked correctly) we had a bull run till budget day and then we had a correction, now new bull run has started let us see what happens. I had predicted fall of beak nifty after budget day and PRZ zone for nifty and bank nifty too on the basis
of harmonic pattern. let us see what happens.

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ipuneet bijoy2526
@bijoy2526, thank you for replying sir, i advocate riding the trend but with a cautious approach.
Reply
@ipuneet, you are welcome
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