AkshatPatwa

For the very First Time in 2017 !!!

NSE:NIFTY   Nifty 50 Index
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46
1220 9
Everything mentioned over chart...
Comment: Previous Month low was 10094.... This today (December second trading session) low is 10095.70 ...... Till now previous month's low isn't broken... and we need it to close below that ....on both daily and monthly basis... monthly basis closing below that level is most important...
Comment: Nifty broke previous month low for the first time in 2k17...
Comment: showed Signals of bearishness Be very very cautious....
Comment: beautifully on daily chanel suppport...


Comment: beauty of falling wedge

Comment: on daily ... channel support and resistance

Comment: Some factors which analized have a look on below chart...

Fantastic Analysis ji!! Thank you..
Reply
Very good updates sirji. There seems to be a general feeling now for a correction. I see strong support at 9685 too and feel we will eventually get there. But this is going to play out gradually with a 250-300 points drop followed by a 200-250 points bounce and then drop through 10094 with bounces all along the way. But I think 9685 will hold and reverse for a rally to all time highs before budgets next year.
+1 Reply
Superb Analysis !
Tracking your chart seems that broke support of 10094 as per today closing @10044 looking for next target of 9960 support, Just 84 points below now
+1 Reply
sivakumarso Vinitpowar
@Vinitpowar, today closing 10444.20
Reply
Nice Analysis...Completely Agree...
+1 Reply
It means if touch 10k then big correction up to @9300.
+1 Reply
@hiren71, As per the post, on a closing basis, not intraday...
+1 Reply
Agreed. Keeping an eye on it.
+1 Reply
Thank you so much for this valuable info.
+2 Reply
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