Its alive ! yup nifty is still alive as seen in the Weekly Futures charts Trendline was tested this week & bounced... but for genuine bullishness nifty futures needs to close above atleast 3020/3040 levels initially, I would just consider this 100 points as a bounce from oversold levels & an attempt to test the broken trendline, as after all this is a bear market...
As per the last post in March 08 nifty broke the critical levels & then we know what happened but now we seems to be stuck in a broad range of 2500 to 3200 & either side break will be big.
Happy Makar Sankranti to all.
