Nifty once again opened with 55 points gap up, surpassing 12018 being previous week close and never broke the lower formation till EOD. It went on to clinch 12100, but shied away by 2 points and closed at 12086. From lower low and lower high formation for 4 consecutive days, Nifty formed higher high and higher lows during the last 2 sessions indicating a total change in the scenario. The bias is positive.
Will there be a further rally towards 12250 or mild down side towards 11935 to take a breather after having a non-top rally of 266 points from the low of 11832. We are not soothsayers to predict the direction. With market direction indicating positiveness, one has to be bullish. But a close above 12092 would have been much comfortable to bet on CE. It didn't close above that on a weekly basis. That makes me more cautious.
Monday's first 4 hours of trade to give the direction for the week till expiry.
Have a Happy and eventful weekend!!
அலர் அறிவுறுத்தல் - The Announcement of the Rumour
அலரெழ ஆருயிர் நிற்கும் அதனைப்
பலரறியார் பாக்கியத் தால் # 1141
பலரறியார் பாக்கியத் தால் # 1141
மு.வ : (எம் காதலைப் பற்றி) அலர் எழுவதால் அறிய உயிர் போகாமல் நிற்கின்றது, எம் நல்வினைப் பயனால் பலரும் அறியாமலிருக்கின்றனர்.
By this same rumour's rise, my precious life stands fast;
Good fortune grant the many know this not!
My precious life is saved by the raise of rumour, and this, to my good luck no others are aware of.
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