NIFTY ultimately takes support on the trend line and bounced.

As expected by me yesterday with in one or two days decisive direction of nifty will take place
it happened today.
I had suggested for correction to occur only if nifty closes below the trend line on daily basis.
but it did n't happen.
these are the games in stock market where retailers simply carried in to traps.
I think today's break out is not false.
target 1 shown in the chart.
stop loss should be below the today's candle.
even banking sector will start participating.
heavy weights tcs infy,hul,itc have started participating.
they will simply carry away the nifty with some help from banking sector.
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Kommentera:

I have ideas for infy. tcs. ultratech,reliance bharti etc
will be publishing soon.