21.11.14 Nifty is trading in a raising channel and yesterday it - TopicsExpress

21.11.14 Nifty is trading in a raising channel and yesterday it tested the lower band of this channel. Now if it breaks 8350 then it will correct its entire rally from 7723 to 8455. On the daily chart, it made an “Evening Star” pattern on Wednesday and oscillators are showing negative crossover on the daily chart. Thus now one should take fresh long only above 8450. However the medium term outlook is still positive and corrections should be used as an opportunity to buy. manasjaiswal

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