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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