NIFTY HAS GIVEN THE INITIAL INDICATION OF A BREAK OUT ON THE UP SIDE HAVING BREACHED THE CRITICAL 5878 SPOT LEVEL AND HAVING CLOSED ABOVE IT. ALTHOUGH NIFTY SPOT NEEDS TO DECISIVELY BREACH THE 16TH SEPTEMBER HIGH OF 5956 TO CLOSE ABOVE IT TO CONFIRM THE END TO THE 4TH WAVE FLAT AND ONSET OF THE 5TH UP WAVE, YET ONE SHOULD BE REASONABLY SURE TO SEE THE UP MOVE CONTINUING UNLESS FED CHAIRMAN SPOILS THE PARTY FOR INDIAN MARKETS & IF THAT HAPPENS THEN ONE HAS TO LOOK FOR THE RAJAN EFFECT THROUGH THE RBI ANNOUNCEMENT EARLY NEXT WEEK TO KNOW THE FINAL FATE OF INDIAN MARKETS WHICH LOOKS AS IF IT IS HIGHLY POISED FOR A BIG UP MOVE.
AS OF NOW BUY EVERY DECLINE MAY BE FOLLOWED HOPING FOR A SURPRISE GIFT FROM FED CHAIRMAN. IN CASE OF ANY ADVERSE NEWS FROM U.S., THE CRITICAL SPOT NIFTY LEVEL OF 5840 HAS TO BE SAVED BY THE BULLS TO HOPE FOR THE RESUMPTION OF THE UP MOVE OR ELSE IT WILL BE THE BEARS WHO WILL RULE THE MARKETS AGAIN. LETS HOPE FOR THE BEST & LOOK FOR A MEGA BREAKOUT ABOVE THE 16TH SEPTEMBER HIGH OF 5956 TOWARDS 6000 SPOT NIFTY LEVELS IN NEXT FEW DAYS.
AS OF NOW BUY EVERY DECLINE MAY BE FOLLOWED HOPING FOR A SURPRISE GIFT FROM FED CHAIRMAN. IN CASE OF ANY ADVERSE NEWS FROM U.S., THE CRITICAL SPOT NIFTY LEVEL OF 5840 HAS TO BE SAVED BY THE BULLS TO HOPE FOR THE RESUMPTION OF THE UP MOVE OR ELSE IT WILL BE THE BEARS WHO WILL RULE THE MARKETS AGAIN. LETS HOPE FOR THE BEST & LOOK FOR A MEGA BREAKOUT ABOVE THE 16TH SEPTEMBER HIGH OF 5956 TOWARDS 6000 SPOT NIFTY LEVELS IN NEXT FEW DAYS.
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