Friday, August 5, 2016

Nifty Entering SuperBull Phase ??

On the Nifty Weekly charts, the intermediate (weekly) TO  has crossed over the long (monthly) TO. This would result in alignment of  the two TO in bullish mode after a long time.

With strong momentum on the short (daily) TO  all the three are positively aligned, which may result in an impulsive move on Nifty in coming days.
 
Nifty Weekly
 
We had discussed the possibility of such a move unfolding in our post dated June 10, 2016 :
Nifty Bull Run to Continue !!

http://eqtrend.blogspot.in/2016/06/nifty-bull-run-to-continue.html