Bull are strong above 30k bank nifty if break flag formation can head towards 30,300 -> 30,500 -> 30,3700 -> 30,900 -> 31k +++
Bears are strong Below 29500 BN can go till 29000 -> 29800 then bounce back
ichimoku cloud is green for TCS . In addition, TCS has shown bullishness with high volumes in last 3 sessions. Long build up is also observed in open interest. PCR is 1.24 indicating bullish movement in coming days.
Buying Ripple now with less risk now will get more reward in future - BEST LONG TERM INVESTMENT
FUNDAMENTALS-> RIPPLE Partnerships with many companies and a important one is WESTERN UNION Money transfer
It will going to test it on April 18 which influences the chance of more bullish driving forces hereafter
A chance of price will go more than 10$ with in a year
After the successful retest, no harm in getting bullish Natural Gas.
Seasonal tendencies are Favourable during this time.
BUT one thing that is concerning me is Commercials getting Bearish.
But that can happen and its OK.
Still my advice is to keep a strict stop loss and TRAIL it.
In Continuation with my Last weeks commentary,
I am patiently waiting the test of the Breakout AREA.
However keep in mind, The intensity and structure of the test will be very crucial before taking a decision to go Long.
But Seasonal s and Technical s Favour LONGS.
Happy Trading NG!!!