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TODAY SELL NIFTY AROUND 4856-4811 FOR A TARGET1-4770, TARGET2- 4690 keep SL-4870
TODAY BUY NIFTY AROUND 4675-4720 FOR A TARGET1-4770, TARGET2- 4830 keep SL-4650
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BEST STRATEGY FOR NOVEMBER
GO SHORT AROUND 4860-4940(or 4985) LEVEL WITH SL-5020 (TARGET 4500)
A close above 4850 & breaks 4840(on any other day within NOVEMBER) -- IDEAL SELL SIGNAL
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TODAY
Fibonacci re-tracement & camarilla monthly levels are around 4850-4950
Gann's & trend resistance is around 4803-4810.
In LONG-TERM TREND, inverse HEAD & SHOULDER formation.
"CAUTION BULLISH AHEAD"
TILL NOVEMBER 15TH-20TH BEARS MAY HAVE UPPER-HAND.
RANGE FOR NOVEMBER 4500-5000 (+/-50 PTS)
NOVEMBER WILL BE A VOLATILE MONTH
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NIFTY GANN'S CHART
As major TREND channel broken, now it seems SELL on RISE on most of the charts except the chart below
BUT TIME-WISE ALL THE EARLIER CORRECTION ENDED NEAR 25-30DAYS(MINIMUM), IS THE EXISTING CORRECTION IS OVER IN 13DAYS???
NIFTY TREND CHART
NIFTY FIBONACCI CHART
NIFTY PIVOT TABLE
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RECENT TARGET LEVEL
AS MENTIONED FROM LAST TWO DAYS EXISTING SWING TARGETS 4700-4780(NIFTY HITS 4777)
AS MENTIONED TWO BELOW 4777 WILL TAKE NIFTY TO 4580 LEVEL (NIFTY HITS 4538)
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