Nifty Channel

On last Sunday marketing executive of one of the leading DTH operator asked me which business channel I view most.

I answered i view Nifty channel the most. .................... :)

Nifty is moving in the rising channel with lower band around @ 4800 & upper band nearing 5550.

Can Bulls push Nifty towards the upper line before giving in to the bears.

Dow & Nasdaq are almost 1% up at this time & expiry volatility will be on peak.

OI in Nifty 4200 PE has increased indicating a bearish picture, but is this the first time this kind of picture is being created ?

Hmmmmmm.....

Time is the best judge.

Please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : No positions in Nifty F&O.

P.S. : After surpassing 18,000/- Gold hit 19,000/- mark today. Just few steps away from 20,000/- the second target. It was too fast than i expected.

Due to Professional commitment i am not able to post Bullion chart.