Yesterday stop-loss hit @ 5060. If today holds & close 5060 will take up to 5130-5170-5200 level
-------------------------------------------------------------------------------------------------------------------------------------------------------TODAY
Above 4993 level (70.7% retracement level). NIFTY will kiss 5125-5140 level.
NIFTY TREND CHANNEL RESISTANCE @ 5098
Last week NIFTY closed over 34EMA level, not good for BEARS (mentioning from last tuesday)
BEFORE EXPIRY NIFTY WILL GO AROUND 4600-4400 level
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5100-5080 FOR A TARGET1-5055, TARGET2- 5030 keep SL-5130
TODAY BUY NIFTY AROUND 5015-5035 FOR A TARGET1-5055, TARGET2- 5085 keep SL-5000
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NIFTY VERTICAL SYNTHETIC RETRACEMENT CHART
91.1% resistance @ 5125
NIFTY TREND CHART (MAJOR)
NIFTY TREND CHART
NIFTY PIVOT TABLE
Sir,
ReplyDeleteIn addition ,pl post the 34EMA level. How you are saying that nifty will go to 4600 level before expiry. Any technical analys. as nifty has not broaken any levesl in any charts and to day also when come to 5000 buying emerges and seem to be only intraday shorts and covering and no positional shorting taken place. Your view pl
Bala
Bala,
ReplyDeleteThis move will be the final UP move before a HUGE fall.(as the major TREND is DOWN)
H&S formation in the daily chart (need to confirm once NIFTY reach around 5130-5150)
Even the existing SWING targets 4700-4500 level.
Other major factor is, we are completing 55week from our low 2258 by this weekend.
MAJOR DOWNFALL - over 200 points down next monday ??
NO MORE BULLS FROM NEXT WEEK???