UP TREND INTACT UNLESS BREACHED THE IMPORTANT LEVEL.

NIFTY IS IN BULL RUN WITH HIGHER HIGH AND HIGHER LOW.
TREND HAS NOT BEEN BREACHED YET.
WE MAY LOOK FOR ANOTHER BOUNCE FORMING ANOTHER HIGHER LOW.
HOW EVER THIS LEG OF UPTREND HAS BEEN QUITE EXTENDED.
THERE MAY BE A RETRACEMENT OF 38.6 PERCENT OF ENTIRE MOVE
BEFORE RESUMING THE UPTREND AGAIN.
ONE CAN GO LONG AT 20 DMA WITH STOP LOSS BELOW HIGHER LOW.
APPROACH SHOULD BE CAUTIOUS.
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