NIFTY has taken a halt at the 10000 Mark ……
Current showing a Spinning Top like Formation which Shows Exhaustion and No-where-ness.

Once it breaks above 10150 level; a bullish move will continue On the other hand a correction is in order so ; Go long only if it breaches 10150 strongly or takes 9900 level as a support.

IF NIFTY  breaches 9700 then a bearish trend will begin  ( which will a stock pickers Dream )

Next Resistance 10150 

Next Support 9900

EMA 20 & 50 are far apart denoting Bullishness.

ADX14 is 45.26 which shows the Trend is Strong

Option strategies : Bullish , Credit based strategies for the month.

 

 

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