Mario Draghi has opened Bazooka for Bulls with its new Bond buying program
Outright Monetary Transactions(OMT).
S&P hit 4 year high Nasdaq at 12 years high Gold moved to 1740 $
Euro at 1.28. The Financial market love one world in short term which is
Liquidity and as a trader never fight the power of
Liquidity. It has been proved time and time again from 2009 after
financial crises. Look at the performance of Indian Markets they are up
12% Year to Date when we have twin deficit ie. fiscal and current
deficit spooling up, rotting macro fundamentals,Coal scam parliament
logjam etc. again power of liquidity.
Play till music lasts and do not be a die hard bear looking at rotting fundamentals.
Whats in store for next week lets jump and see the
Nifty technical outlook
Nifty Hourly Chart
Nifty
Hourly charts were moving in a perfect channel till Thursday where they
formed multiple bottom at 5217 gave a rally till 5260 where 50 Hourly
SMA acted as resistance and market fell in dying hours,Friday was big
gap up and now they are moving in perfect hourly channel. Next
resistance comes at 5400 and Support on Hourly chart comes at 5330
Nifty Gaps
Gaps formation in Nifty Daily chart pattern, 4 gaps...
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