1. Nifty has been very bullish recent times.
2.The corrections are very shallow ending up at 61.8---76% retracements of highs. This adds to the high bullishness across traders across zones.
3. FII are starting up to play on the long side
4. Great market trigger from governments adds to the sentiment.
With the above & short term wedge formation in NIFTY, one can go long for 290+ points
2.The corrections are very shallow ending up at 61.8---76% retracements of highs. This adds to the high bullishness across traders across zones.
3. FII are starting up to play on the long side
4. Great market trigger from governments adds to the sentiment.
With the above & short term wedge formation in NIFTY, one can go long for 290+ points