Nifty 50 IndexShort
NIFTY UPDATE
Updated
Nifty gave high of 19435, which could be first lower high after making high of 19550.
Tomorrow lower high could be greater than today's one
Nifty had made bearish harami pattern.
As per degree angle theory Nifty had not blown above 57 degree angle
This simply means nifty is o er bought and can adjust itself to 19100 to 19200 levels. For short position 19480 is SL. Trgt is 19100 to 19200.
MacD also showing signs of top.
Tomorrow lower high could be greater than today's one
Nifty had made bearish harami pattern.
As per degree angle theory Nifty had not blown above 57 degree angle
This simply means nifty is o er bought and can adjust itself to 19100 to 19200 levels. For short position 19480 is SL. Trgt is 19100 to 19200.
MacD also showing signs of top.
Trade active
Nifty has taken resistance @ 19525 3rd time today.I had formed shooting star pattern at top level. Also said new lower high could be possible, but instead lower high it had made triple top.
This is one more indication of nifty topping up. Remain short with strict stop now which visible Crystel clear.
As said Nifty had not run up above 57^angle.
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