Hello Traders,
NIFTY50 closed the week @ 17323.60, another top!“
The trend is bullish, and as long as there is no correction extending the 0.382 on a weekly basis, it still will go on.x
My count on a daily basis is forecasting a new high for the week @ or around the 17422-17832 for the coming week! More bullish potential exist!
Interspersed sharp corrections should not come as a surprise!
But it needs a break of the 15500 are to re-adjust the view, if a correction within a wave 4 should start.
Keep in mind. Many will depend on the decision of the National banks, specially the FED and the
inflation rate! An unexpected push to the upside, will have tremendous impact on the markets!
Again, be patient with overnight and over-weekend position by trading the future!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
NIFTY50 closed the week @ 17323.60, another top!“
The trend is bullish, and as long as there is no correction extending the 0.382 on a weekly basis, it still will go on.x
My count on a daily basis is forecasting a new high for the week @ or around the 17422-17832 for the coming week! More bullish potential exist!
Interspersed sharp corrections should not come as a surprise!
But it needs a break of the 15500 are to re-adjust the view, if a correction within a wave 4 should start.
Keep in mind. Many will depend on the decision of the National banks, specially the FED and the
inflation rate! An unexpected push to the upside, will have tremendous impact on the markets!
Again, be patient with overnight and over-weekend position by trading the future!
Have a great weekend.....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!