Weekly Charts of Nifty
Weekly Charts of Hang Seng
Weekly Charts of Shangai Composite
From the above shows the Ichimoku cloud charts(Weekly) of Nifty(India), Shangai Composite(China) and Hang Seng(Hong Kong). All the above charts convey only one single information to investors. i.e these indices are trading very close to the Ichimoku cloud supports and the breakdown will lead to the true start of the bear market until then playing with Equity longs are safer.
Ichimoku Cloud Supports on Weekly basis
Nifty – 4800(Very Close to cloud Supports)
Hang Seng – 20000(Very Close to clould supports)
Shangai Composite – 3000(Almost Broken)