NIFTY swept through the 5250 resistance and has stopped exactly at the next resistance of 5290. What an amazing trip and a miracle too, just holding at the right places. It's great to keep writing every move that the market is giving us.
Now both Trend as well as Swing traders can make merry. Trend position peaks a 260 points gain. A real big quantity of numbers for the hourly chart trades. Value zone moves up to 5206-5235, locks 170 points gains for the trend traders holding long positions.
MACD is still struggling to move past zero,, bullish strength is negligible, then what is moving the NIFTY? It has just flown as though flood gates were opened. As long as the trend is intact and money is flowing let's take it. This is what is called disciplined trading. When you are disciplined even on the rough patches, you are allowed to take the gains by lorry loads.
Enjoy the bull ride, it's not going slow like a real bull, our bull is fitted with a jet engine at the bottom. So hold on to the reins as tight as possible.
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