Confirmation Next Week?

The NIFTY chart is poised at an interesting point as at this weekend. The 50 EMA is about to deliver a right uppercut to the 200EMA…hopefully. If it does, then I guess the bull market will be really, really confirmed. Budget dithering and the slipperiness due to oil may keep the 200EMA above the 50EMA though…

Lupin’s about to break out, Gitanjali and Godrej Industries are doing awesome; so is my relatively recent pick – Jubilant Foodworks. I’m long a NIFTY ETF as well…looks like the smile may just about be coming back…fingers X’d

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