Nifty Futures on daily timeframe went into an uptrend above 4700, but if one does not catch it there, at 4800 everything was in favour of uptrend. So if you rely on your own charts and judgement, January was a profitable month for bulls.....
In Nifty Fut there is still no sell signal yet....but we are now in caution zone...
Open 5025
High 5217 (Fri)
Low 5021 (Mon)
Close 5204
Change +156 (3.1%)
Weekly trend - UP
Note: Buy on monday, Sell on friday would have worked well in Jan. Nifty has had an amazing run up so far, the weekly, monthly & yearly trend are all firmly up for 2012.
Open 5025
High 5217 (Fri)
Low 5021 (Mon)
Close 5204
Change +156 (3.1%)
Weekly trend - UP
Note: Buy on monday, Sell on friday would have worked well in Jan. Nifty has had an amazing run up so far, the weekly, monthly & yearly trend are all firmly up for 2012.
Open 5163
High 5334 (fri)
Low 5076 (mon)
Close 5325
Change 121 (+2.3%)
Weekly trend - UP
Defying all laws of gravity, Nifty had closed straight up for the 5th straight week which seemed unlikely when Nifty went down -2% on Monday. Can Nifty magic work for the 6th straight week?