March 16, 2019

NIFTY weekly charts

- trend is up on weekly charts
- this week, there was a very good breakout above 11000 levels
- option writers feel that 11000 will not break this series

- rejecting H&S view.... it was educational while it lasted
- confirmation was break of 10000... this never happened and we had a breakout on upside

- retest of 11000 this week can negate bullish view (longer time it takes the better)

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