Nifty Could Be Heading to 11,000 !!

Having overcome the resistance at 8990 with a gap up, Nifty is now trading close to 9150.

On the weekly charts, Nifty has formed inverse H&S pattern with neckline at 9085, sustaining above which Nifty is all set to climb higher levels with a target of 11,000.

The target may be achieved by March 2018,  approx 12 months from now. This is the time Nifty has taken from its lows (Head) in March 2016 till it achieved the breakout above the neckline.

Super Rally on DOW !!

The Dow Jones industrial average just jumped 1,000 points in 24 trading days, vying for one of the fastest jumps on record.

If the Dow closes above 21,000 on Wednesday, that ties it with the index's run in 1999, when the Dow climbed from 10,000 to 11,000 in 24 trading days, according to Ryan Detrick, senior market strategist at LPL Financial.

The 1,000-point moves become less impressive on a percentage basis, however.

The Dow climbed 10 percent in 1999, while it's risen only 5 percent in the move from 20,000 to 21,000.

Read the full article ....

http://www.cnbc.com/2017/03/01/dow-21000-may-tie-as-shortest-1000-point-jump-ever.html