NIFTY FUTURE ON CHART

BULLS ARE RESTORING THE LEAD FOR NSE NIFTY FUTURE

A unexpected improvement of key geopolitical risk, good numbers from China and the belief of a light tapering have switched on risk appetite, weakness in dollar uv rupees.

I was planning on a larger bounce within the scenario of Zig Zag seen in chart, in other words I was deciding on}the up leg off the as mentioned in chart… just look toward the chart and gap.

• Price managed to close above crucial moving averages.
• On the chart shows a potential resistance line which set up 6030
• In the coming days, short sellers will create good position on short side
• 200-300 Points of short fall expected only, therefore don’t create overload position on short side.
• Market is still good for up move, just expected short term fall…