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Rising channel breakdown or resistance formation in 1 hr time frame, both conclude to the direction that upcoming expiry might witness 17500 levels, strong momentum is calming its horses and facing few strings of pushed down. Future Contracts of Weightage stocks have been shorted with huge volume today, another indication of shift in momentum and this rally could...
Nifty has shown unrealistic missiles of long momentums and surreal breadth of velocity that has killed the volatility index sharply. Beyond the 17800 Resistance their lies few pits and falls where it can dagger back to 17500 for once other than that the Uptrend has officially begun as the DOW Theory Confirms it through Signals of a Trend Thesis. But it is still in...
I made mistakes while expecting whipsaws till now, but at the moment as a mere market spectator I can permit my expectations to gauge that we have ended our downtrend momentum and soon the levels of 18000 will be witnessed in the National Index.