After almost a year of relative Under Performance, over the last few days US 30 has bounced strongly. It is now near the 55 SMA
and falling trendline resistance. If it breaks out from here, then a bounce towards 200 SMA
cant be ruled out. If it actually breaks out then Broader Market Nifty
Index may under-perform. So, this is something we should be closely watching to form out trading decision.