Nifty Bullish – Stay Long!

Nifty is in a bull market. The charts have clearly been saying that.

See the above chart of nifty with all moving averages – 21, 34, 55, 89, 144, 233 aligned. That is bullish. While there will be corrections along the way, the trend is clearly up.

The above is a weekly chart of the nifty with 30, 40 and 50 moving averages. They are clearly bullish. The blue arrows have shown previous instances in the past which have given nice entry signals.

So ignore all the fundamental news around you and also all talks about a correction or a crash. Stay long till the charts show that the trend has ended. That may take weeks, months or years. Nobody can predict that. Lets not miss out a bull market because of fear of a correction. Stay Long!!!

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