It was indeed a remarkable acheivement for the bulls to have conquered convincingly the 200 DMA and it is certainly party time for the bulls.
The moment bulls get drunk, bears are silently preparing themselves to pull the victorious bulls below the 200 DMA into bear territory and rip them apart for sometime.
The question is, "How soon this will happen?" and how long bulls can simply rejoice having conquered the 200 DMA.
First, why there is so much talk about the 200 DMA. The reason, is historically above 200 DMA is bulls territory and below 200 DMA is where bears have a strong upperhand.
Having said that, from deep down inside the bear territory, bulls have fought a violent battle and have got into their own terrritory and little did bears realize that this was going to happen too soon.
Initially bears were complacent, then they were taken by surprise, then they tried to fight, got hurt, ran for cover and right now they are forced to hide behind the bushes, but certainly not dead.
They are simply watching the bulls rejoicing and the hysteria can be seen for another session or two, but then it will be time for bears to take control slowly without bulls realizing it (as they are already drunk partying) and will suddenly pull NIFTY into their territory i.e significantly below the 200 DMA (which currently stands at 3420 on extrapolation) and there will be a fresh fight hence forth.
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