Forth comming hurdles for NIFTY.

The resistance levels have come down to lower levels. There can be two things.
(Do baaten ho sakti hei)

• As the resistance levels are very low and closer, it can hinder the up move and push the market down.
  
• As the resistance levels are very low and closer, if able to cross it and stay above it convincingly, then these levels can become support levels, and help the market to trend upward.
  

1. 2780 -20 DAY WMA
   
2. 2827 -20 DAY SMA
3. 2824 -20 DAY EMA
4. 2863 -61.8% FIB RETRACEMENT OF THE RANGE 2253 - 3241
5. 2866 -20 DAY TMA
6. 3007 -76.4% FIB RETRACEMENT OF THE RANGE 2253 - 3241
7. 3110 - upper range of envelop (SMA 20 +/- 10%)
   
8. 3241 -100% FIB RETRACEMENT OF THE RANGE 2253 - 3241

Bullishness will be confirmed by the positive divergence on ADX.
Till the Par.SAR are hovering above, down ward pressure will not vanish.

If all these hurdles are crossed convincingly then only we can see a good intermediate uptrend. Other wise we will be back to square one position and trade in sideways, where as the time passes, the range will be narrower. At this time wait patiently for the break out before taking any long term positional call