As per daily DJIA chart, DJIA is able to hold itself above the ICHIMOKU band after correction. therefore it can be assumed that US stock market will remain bullish in near future until & unless it is getting back to the ICHIMOKU band.
If we look it in long term perspective then as per weekly DJIA chart, it is too staying above ICHIMOKU band.
DJIA P&F chart also indicates that it has made double top break out on 1st Sept. 2010 with bullish price objective (Rev.) : 11500
Therefore we may expect that there may not be any big threat from USA stock market in recent future.
Our Nifty is also staying on strong bullish sentiment. it will gear up its speed above 5550. Those have taken long position at 5372 with Nifty future as per my earlier post. They should maintain their SL at 5450.
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