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As you can see Nifty Surpassed it's most powerfull resistance (15915) yet on 15th July and came to retest the same resistance on 16th July from where it got rejection multiple times and finally the candle closed above 15915. Now we shall be ready for long awaited bull run if Nifty gives a confirmatory signal ( which I am sure about) by closing above 15950 on 19th July.

But the most interesting part here is to conclude what does this mean? Here I have made some conclusions of utmost importance for you with 80-85% accuracy.

• 15915-15930 will now work as power full support. Stay bullish and definitely go for buying at this level.

• Coincidentally major Nifty 50 stocks are either on the verge of breakout or forming some bullish pattern eg. Reliance, Hdfcbank, Jswsteel, tata motors etc. I would suggest to invest in these stocks.

• As we are near to monthly expiry and coming days we may see high volatile market hence DO NOT TRADE Options in current expiry.

• Hold your positions in IT stocks for atleast 3-4 months. New positions only on correction. It is strictly advised to keep atleast one IT/gaming stock in your portfolio.

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