In a quest to find what is stopping Nifty to get past 10000 convincingly, let us look at the quarterly charts of Nifty.
As you can see this is the red trend line joining candles of 31-march-2008 31-March-2015 is now acting as a road block for Nifty on quarterly charts. Quarterly close above this red trend line will open the gates for another 700-800 points in the next quarter itself.
Another aspect of that is 11500 but that is as of now coming in a hurry.
Disclosure: I am not a SEBI certified analyst so please take your own decision before acting on this call. Further i do not hold any position in Nifty Futures.
As you can see this is the red trend line joining candles of 31-march-2008 31-March-2015 is now acting as a road block for Nifty on quarterly charts. Quarterly close above this red trend line will open the gates for another 700-800 points in the next quarter itself.
Another aspect of that is 11500 but that is as of now coming in a hurry.
Disclosure: I am not a SEBI certified analyst so please take your own decision before acting on this call. Further i do not hold any position in Nifty Futures.
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