NSE:NIFTY   Nifty 50 Index
As discussed earlier before any major correction nifty gonna move northward in previous post at 9525
  nifty has never given a single negative monthly close in last 22 years and hence it seems 2017 july also gonna close on a healthy positive note.
http://prntscr.com/fz9vki
also our nifty outlook posted earlier
nifty is near psychological barrier of 10k
Now going forward-
The weekly price action formed a Hanging Man candle with a long lower shadow indicating supportive efforts after intra week decline, which was mainly triggered by fall in ITC .
on daily chart if 9930 is broken we can see fast move towards 10000/10044.
also channel resistance at 10040 level
STRATEGY :
buy above 9930 for 10040 ( expecting expiry on positive note)
or buy on dip with sl of 9825 for 10040
trade valid till july expiry
* any negative weekly close suggest a correction for coming weeks.

Jul 24
Comment: “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch
Jul 24
Comment: 10000 hit
Jul 26
Trade closed: target reached

Comments

Same view Bro👏👏👏
But I had given only hints. Appreciate your efforts to make someone to understand 👍.🙏
Reply
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