Trade Plan for 13th-17th May week :

NIFTY :  As usual lets start with weekly charts.

Nifty Weekly : 

Weekly Charts stay Massively Bullish giving no heed to double top expectations.
Lets come to daily charts.

Nifty Daily :

Things are slightly interesting here.

Since few days volumes have been slightly dipping . Almost at the verge of double top what can be next ?

A dip ?
Lets take it if it comes.Any dip should be very slow and should be restricted to 13 ema near 6000 as of today. Like a spring , if any dip comes ,  the prices should uncoil to upside after kissing the 13 ema.

Crudely , it will be idiotic enough to play in shorts.

Why I am paying no attention to double top and 'slight' volumes drop at higher levels ?
Look at the massive bullish weekly charts and Daily MACD histogram/lines going all the way bull.

LONG at every point whenever you feel like.

Only shorting opportunity if prices start ticking below 13ema , a trade for target 22 ema to downside with double top expectations will be my trade but I am not expecting it to happen.


Stock Pics : As mentioning since couple of days : YES BANK and HDIL are my favourite long candidates.

SS