Nifty Bearish outlook Next target 10500 levels

Aug 29, 2019

As the structure of the chart shows that Nifty has signaled weakness and we may see the levels of 10500 in the next weekly expiry. As the selling pressure of FIIs have not been stopped yet due to global uncertainties and weaknessNIFTY.

Aug 30, 2019

Trade active

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Sep 2, 2019

Trade active

Its amazing ..... there is a dilemma in the market. In last Friday FIIs have neither sold any CE or PE nor buy any of them. They have bought some Futures and Stocks. Perhaps announcement by the FM in late evening of Friday may boost the market. Even though they would not like to take risk of any announcement of Mr Trump. If someone follows this idea may keep Strong SL of 11080 levels for shorts otherwise we may see some corrections from these levels as India's manufacturing growth is lowest in last 15 months.

Sep 4, 2019

Trade closed manually

SL of 10920 may be applied if someone stick with the idea. As short covering may come at any point of time due to strengthen of USDINR. I have closed my shorts around 10750 levels.