DURING RECENT PAST MARKETS HAVE MOVED BEYOND ANYONE'S IMAGINATION. AT TIMES WE KEPT UPDATING NOT TO SHORT AND KEPT REMINDING THAT MARKETS ARE IN A UPTREND AND IT IS PRUDENT NOT TO CHALLENGE THE TREND. EVERYONE IS LOOKING FOR THE CORRECTION BUT THIS TIME MARKETS SEEM TO BE IN A DIFFERENT MOOD. GRADUALLY NIFTY KISSED 6100 MARK AND NOW A WEEKLY CHART SHOWS A SYMMETRICAL TRIANGLE SORT OF PATTERN. OPTION CHAIN SUGGEST 5900 MARK IS THE VERY STRONG SUPPORT AND 6000 MARK TOO HAS ALSO BEEN IN VERY FIRM GRIP OF BULLS NOW. VIX IS STILL STRUGGLING TO CROSS 17 MARK ON A CLOSING BASIS. NO RESISTANCE IS HINDERING THE NIFTY AND WE SENSE THE BULLS MAY CHANGE THE GEAR IN COMING SESSIONS. OUR REQUEST TO ALL THE TRADERS NOT TO SHORT ANYTHING IN MARKETS. KEEP LOOKING FOR STRONG COUNTERS AND HOLD THEM TIGHT TO RIDE THE WAVES.
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