Nifty - Good News May be delivered in Couple of Weeks Long

Nifty 50 IndexNSE

Description

⋅ May 22, 2021 8:32 PM

Most Bullish Signals are aligning for Nifty. Stay long with SL below 14900.

If world markets don't show any negative deterioration, Indian market can surprise us on upside.

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⋅ May 26, 2021 2:51 PM

So far so good. Nifty moving in our favor!

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⋅ May 28, 2021 2:53 PM

Stop loss update

Soft stop @ 15270
Hard stop @ 15160

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⋅ May 31, 2021 9:05 AM

Hold Long Positions, Moving Stop Loss to 15380

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⋅ May 31, 2021 3:02 PM

Looking at option chain data for next week expiry, 15500 may act as support for Nifty.

Comments

ckirtane

⋅ May 23, 2021 12:04 PM

16feb to20may move(sideways) is similar to jan20 to mar 20(distribution) now see big fall in june(10-15%)

broken_signals

⋅ May 23, 2021 1:02 PM

@ckirtane, Let's see. Last week's price action indicated strength on upside especially Friday's close. Next 2-3 sessions would be important.

Keeping strict stop loss 14900, not risking anything more than that.

ckirtane

⋅ May 29, 2021 3:25 AM

@broken_signals, june10 to20 is bad period for market,sudden crash is coming,be ready for 10% fall.(by American astrologer mr .Cristiphar.)