Lets start with Nifty previous analysis "Index & Stocks :: Tandoori Night With Failed Delivery Attempts"
Being busy, in this platform, I was unable to update recent Nifty and bank Nifty analysis, but you can also get it from Twitter or YouTube channel "E Stock Market".
Click Previous analysis link:
Currently nifty has been broken major trend line and as well following some structural behavior which indicates strong bearish signal, it will possible false breakout which is mentioned on the chart " After recovery, sharp down fall from 11650 to 11950"
Expected bounce back duration 10 to 20 days, then ready for short. If changes in chart behavior...
Disclaimer: Buy Sell is your choice. No Recommendation.
Cheers!
Vikas Gupta
Comment:
nifty made low 11037, expected it will hold at 11100. So now bounce back level has been changed. Bounce from 10700 to 10900
Comment:
BUY ACTIVATE FOR SHORT TERM
Comment:
if nifty closed below 10350 then exit.
Comment:
if nifty break 10350 then it will confirm for 1 to 2 yrs down mkt. In this case try to short at bounce back level.
Comment:
nifty tgt 9200 to 8900
