Nifty 50 IndexUpdated Nifty 18105 - ready to go down 700 points ?
Nifty raising wedge bearish pattern and has slipped below crucial resistance 18135 suggests more possibility for 700 points to go down.
Market data suggests market movers have few more positions to exist .
Hence we shall expect an up move or gap up opening to clear the positions.
Shorts could be considered below 18165.
Market data suggests market movers have few more positions to exist .
Hence we shall expect an up move or gap up opening to clear the positions.
Shorts could be considered below 18165.
Note
Trade entered : Jan 12 18200 PE @ 171 at 09:52Note
Trade entered : Jan 12 18100 CE @ 231 at 11:04Note
Trade exited : Jan 12 18100 CE @ 231 at 11:04 @ 215 @ 12:53 - Loss of 16Note
While selling volume increases buying volume decreases
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