NIFTY
The mammoth pull up i had kept as the small possibility in last post showed up on Tuesday.
Why mammoth ?
1) Weekly MACD ( with this week its curving to give a cross going above 0)
2) Daily MACD ( already moving like a fanatic towards above 0)
Both roared , and the results are crisp clear.
For now , this amazing bull story is shaping up to be bulls all the way.
Weekly 22 ema @ 5825 and that is the only SL for any kind of longs.
Till then its time to buy and buy.
For medium term to long term Nifty direction : This bulls run is meaningless as of now.
We need to wait for couple of more weeks to see how the upmove forms.
Note : This monday was a holiday , hopefully marking a low volume week with a upmove. Next week volumes will be the key for creating or flushing delivery positions.
SS
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