I think the bears will show up at least in the short term else, they will go extinct forget hibernation.
Short term view
15 minute chart below –> Nifty within range and near previous top and 3 Day High, high probability short trade with anticipation of correction to let baby bulls enter & baby bears exit after an violent up-move. For the chameleon/fox in the woods if this trade does not work just change your bias and go Long. Remember though this is a whipsaw zone and consolidation for further move which ever way is expected. Early Bird gets the Worm but, patient Cat on the street is the Fat Cat
Nifty 15 minute chart
Nifty Weekly Chart – bit of an long term view
The chart pattern looks like an Bump and Run Reversal pattern, although I stay with simple patterns but, the steep trend line is screaming to me to mention the exotic pattern. I may be wrong. Also, the leading indicators are still not favorable towards the market movement. Although they might align themselves over a period of 9 – 12 months.
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