THE MARKETS CONTINUE TO REMAIN BULLISH TOWARDS NEW LIFE TIME HIGHS ABOVE 6300+ NIFTY LEVELS AS PART OF THE MEGA 3RD SUB WAVE OF THE MONSTER 3RD UP WAVE. USE EVERY CORRECTION TO BUY ONLY. HAVE TRAILING STOP LOSS AS THE MARKETS MOVE UP. SPOT NIFTY HAS INITIAL SUPPORT AROUND 5686 FOLLOWED BY 5666 & IF THE CRITICAL LEVEL AROUND 5666 DOES NOT HOLD THEN IT HAS STRONG SUPPORT AROUND 5630. NO CHANGE HAS BEEN MADE TO THE DAILY CHART ABOVE, AS THE MARKETS ARE MOVING UP EXACTLY AS PER THE LEVELS GIVEN IN THE CHART ABOVE. THE INVERTED HEAD & SOLDER AS GIVEN IN THE CHART ABOVE CAN SEE THE NEXT TARGET OF 5950 SPOT NIFTY LEVELS THAT WILL BE FOLLOWED BY NEW LIFE TIME HIGHS ABOVE 6357 WITH MANY PAUSES AND CORRECTIONS TILL SPOT NIFTY MAKES A NEW LIFE TIME HIGH.
ON THE HIGHER SIDE, SPOT NIFTY FINDS INITIAL RESISTANCE AROUND 5740 WHERE ONE MAY EXPECT SOME PAUSE THAT MAY SEE PITCHED BATTLE BETWEEN THE BULLS & THE BEARS TO REGAIN SUPREMACY. ONCE SPOT NIFTY BREACHES 5740 AND MORE IMPORTANTLY MANAGES TO CLOSE ABOVE IT THEN THERE IS NO STOPPAGE FOR SPOT NIFTY TOWARDS THE NEXT TARGET OF 5900+ LEVELS IN NEX FEW DAYS. LONG TO MEDIUM TERM HOLDERS MAY HOLD LONGS AND ADD LONG POSITIONS ON EVERY DECLINE AS LONG AS SPOT NIFTY DOES NOT BREACH 14TH SEPT OPENING GAP LOW OF 5530 ON A CLOSING BASIS. IN CASE SPOT NIFTY CLOSES ABOVE 5740 MORE LONGS BE ADDED TO SEE 5900 OR EVEN HIGHER LEVELS.
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