MACD signal Buy.10,20 EMA moving up. RSI going up.Channel Breakout again formed channel.After 10 EMA crossover 50 EMA,trend will clear more
Reliance alone after pulling nifty looking weak but now nifty is pulling Tata Steel and companies, Reliance weakness is treated as future weakness of nifty.
Chart shows nifty is in highly overbought zone
FII s holding is increasing
After breaking previous high,nifty moved @7% It happens mostly once previous high breaks which created atleast before 9-12 months,more upside possible 8-10% ,so I had estimated nifty target 13475, market surged 80% up from March low.FII were continuous seller in March now FII s continuous buyer from 20+ days.Be cautious at high levels, longer term prospect is...