Nifty SUPER BULLISH til Dec 2017. Good to buy on breakout above 9080. Below 9080, it might stay in consolidation zone marked as blue triangle. Bearish only if it breaches Long term support base line.
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Going good
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SaurabhMehra
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@DineshKBhasin - what happens below 9080? you have given a very long time view :)
DineshKBhasin
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@SaurabhMehra, I would recommend buying on dips. Even if we see continuity of current down fall due to demonetization in Dec too, the long term support base line shows support at 7330. You can go long on nifty futures and hedging your position for any fall below 7918. Risk reward is favourable.