27 June 2025 — Nifty goes up 780pts from the last long signal — Bulls making money!
Nifty Stance Bullish 🐂
Our last long signal came exactly on 20th June, i.e. the same day the last report was written. On Monday we had a gap-down due to conflict escalation of Iran-Israel as the US went ahead and bombed Iran’s proposed nuclear sites.
Fortunately, our EMAs did not cross over and on the next day, i.e. 24th, we had a gap up that not only retraced Monday’s fall, but opened significantly higher than Friday’s close. Due to sensex expiry on Tuesday, 24th — the swings were pretty bad too, still our EMAs did not give a short signal.
25th, 26th and today proved to me much peaceful as the price actions were steady, swings were lower and the bullish tone cemented. India VIX is at 12.38, showing the volatility has some how subsided.
We have gone up 780pts ~ 3.14% so far from the time the last long signal was recorded. The last expiry week of June has magically erased the first 3 weeks of stop loss hits.
Whats next? We still keep the bullish spirits alive till the negative crossover occurs.
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