Nifty is flowing in the channel pattern and performing a Bull trap Now . Resistance is around 17100 of the upper channel trendline but 17000 is a psycological barrier . By september second week it can panic fall 500 points easliy . Kepp shorting :)
shall i short again at 17060 ?
i just shorted 3 lots , thinking of shorting 4 lots on 17060
Viratk
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@milind_sethi, Bro....do not think to short nifty now....it is looking extremely bullish now...nifty next target 17200+++
milind_sethi
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@mayurkoli93, I think its a red flag that most of the asian markets and dow j closed in red
Viratk
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@milind_sethi, Bro....they did not close more than 1% down...They are just 40-50 points in red and it hardly matters.
luckypobbathi
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I sold nifty future ... September... what is target...
stockdatascience_ankit
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@luckypobbathi, Please Check latest analysisfor details , by the way target is 15735.
milind_sethi
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ty again for posting another great analysis ! i shorted @ 16951 , may the ball remains in shorter`s court ! <3
Viratk
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@milind_sethi, Bro... As long as people like you will short nifty & banknifty...it will continue to go higher again and again.... People should not keep on shorting the market. They should follow the market trend and the trend is still bullish on the Technical chart...that's why do not try to short the market...
stockdatascience_ankit
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@mayurkoli93, Please don,t make bull position upside was limited downside is too much .
don't get trapped ! check latest analysis and short the market for september month and october .
stockdatascience_ankit
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@milind_sethi make 2x more short position 17212 was absolute top for nifty.
Check the latest post and buy puts of 100 Rs they will inflate to 300/500
i just shorted 3 lots , thinking of shorting 4 lots on 17060