Nifty Futures Trading

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Sunil

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sadly, no bullish pattern is lasting for more than a day nowadays...

seems to wonder whether these r real bulls or bears just short-covering & leading to higher levels (for shorting again there)...thus leading to this ongoing short-term downtrend with LL LH pattern, still with stop 4455 FUT.
Today was the 5th day of this fight between 4300 & 4400 (with outer limits of 4450 & 4250)...
the triangle b/o on downside led to first sign of weakening of 4300, but 4250 is still not retested & ofcourse, intermediate bulls have the ACE in 4200. And obviously, whether this 4200 is temporary ACE or the Joker, will be decided, hopefully, in September.
 
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