Analysis of NIFTY. For tomorrow For intraday as well as swinger.
Everything provided in graph.. Analysis on your own also.
My Reasons for shorting :-
1.NIFTY Forming a type of Dark cloud cover pattern in previous days which gives a short signal.
2.Ichimoku cloud , VWAP And other indicators giving signal for short but these signals are based on price so, don't be much dependent on them.
3.Most of the markets were red yesterday soo there is also a possibility that NIFTY Will go down.
4.If tomorrow the price will break the consolidation and starting moving downside than there are big targets.
5.NIFTY is also on its overall top and due to bearish conditions of market people will book their profits and sell their holdings.
When to take position - The zones are given in graphs for buying and selling. Don't immediately take position after crossing trend line. be in position when it sustains and starts shooting up or down. According to me only take short trade in NIFTY if it breaks the zone.
The above information can be true or false. there are also few signals which are giving signals to buy. Like it can form triple bottom pattern, etc . so be prepared.
My Reasons for shorting :-
1.NIFTY Forming a type of Dark cloud cover pattern in previous days which gives a short signal.
2.Ichimoku cloud , VWAP And other indicators giving signal for short but these signals are based on price so, don't be much dependent on them.
3.Most of the markets were red yesterday soo there is also a possibility that NIFTY Will go down.
4.If tomorrow the price will break the consolidation and starting moving downside than there are big targets.
5.NIFTY is also on its overall top and due to bearish conditions of market people will book their profits and sell their holdings.
When to take position - The zones are given in graphs for buying and selling. Don't immediately take position after crossing trend line. be in position when it sustains and starts shooting up or down. According to me only take short trade in NIFTY if it breaks the zone.
The above information can be true or false. there are also few signals which are giving signals to buy. Like it can form triple bottom pattern, etc . so be prepared.