February 2, 2019

NIFTY weekly charts

- nifty closing was 1% in positive
- last few weeks, nifty is extremely rangebound
- support 10500 resistance 11000

- nifty likely forming right shoulder of H&S
- may take another 2-3 months to reach 10000

- budget was a complete non event (like all previous years)
- now elections is the big uncertainty

- I am mentally set for a coalition govt (best for India)

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