- Nifty has closed well above 5 day high ema showing strength.
- The bottom trend line of the raising wedge has given support so a rally till the top of the wedge is possible. provided nifty stays above 5 day high ema.
- The weekly chart is also looking strong. The weekly stochastic has entered overbought zone but it is in no mood to turn down. Until it turns down and gives a sell it's a buy.
- U.S. Markets rallied yesterday more than 2% which will help the bulls today morning.
- DOW JONES ANALYSIS AFTER CLOSING BELL