,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Nifty will definitely move up.But see with price /rsi divergence study. Clearly visible in weekly as well as daily chart. I want say............
1] sept'13 - bear engulf short
2] Dec'13 - modi/bjp state election short
3]23 January'14- RSI divergence correction @6420
4] pl see 7th march'14 vs today's price/rsi divergence - u can clearly see correction move about 200pt (PRATAP also suggest similarly by his method)
...............YES market is GOD, may prove wrong - but RSI divergence suggest its sell of portfolio, then join in short.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Pl see the chart,.......ST can join within 10 min to SHORT , same for price action trader, but for ordinary mortal ,we trade our bias , after creating the same with objectivity