Nifty June expiry closed with a positive note up by 700 points at 10289 over previous expiry close near 9580.
The up move was very quick and all the time 9726 has been held. 9004 was taken as support during the last 12 days to clinch 10550 which is the three month high level for nifty. That is the exact point of saturation.
Is nifty going to break out or breakdown ? What is the minimum level we can expect for June ? What is the trading range?
All these queries have been answered by the charts well in advance.
The global markets are again entering in to bear phase. This time it could be a point of no immediate return.
Get ready for a big correction and position yourself in PE.
