today nifty make bottom at 3799 against previous bottom of 3790 making a case for double bottom thus our markets now look safe for decent upside not only in short term but also in medium term.
today our markets open with gap which is third in a row which generally gets exhausted very fast.
in last 3 days our markets had formed long lower shadow which is very bullish in addition if close above 3900 today then today alos long lower shadow will be formed.
in addition dow jones also looks good on charts for short term.
nifty put call ratio was at 0.83 y'day that also favours that bottom is very near.
in a nutshell i feel that this is best time to invest in our markets right now.
for traders trading should be avoided in this volatile times.
in
-jignesh
