Do u all remember :5048..Two consecutive close will take to 5168-5200 level.(Yesterday & Day before yesterday closed above this level )
-Rising Wedge on Daily chart-(Will favour Bears )
Just watch 5090 level.Once crosses with volumes will take to 5106 level.
There after nonstop rally upto 5134.50-5168-5179 in hrs only.
Remember :3DEMA @ 5040
7DEMA :4981.
Have a cautious approach at higher levels ,Volume drying up daily and it looks that Funds/Operators will try to exit at higher levels and will create panic..but for that they need mass participation….(101% this time its lacking)
-Rising Wedge on Daily chart-(Will favour Bears )
Just watch 5090 level.Once crosses with volumes will take to 5106 level.
There after nonstop rally upto 5134.50-5168-5179 in hrs only.
Remember :3DEMA @ 5040
7DEMA :4981.
Have a cautious approach at higher levels ,Volume drying up daily and it looks that Funds/Operators will try to exit at higher levels and will create panic..but for that they need mass participation….(101% this time its lacking)
