Nifty is in a great spot where it can go bullish or it will come down heavily.
Come key points for the published chart to watchout for:-
1. Nifty is breaking a box and retesting it and breaking again.
2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be loosing momentum otherwise every box would have been bigger.
3. Candle size now is very confusing in comparison to previous candle. So now everyone is waiting for the 12025 levels to break.
If on any day nifty closes above 12025 it will rush to 12400-12500.
4.If we get rejection/selling pressure from 12000 again as we saw earlier then nifty might come down if closes below 11820 then it might come down to 11650-11600.
5. Movement wont be slow it will be fast because whatever side it moves it will trigger large no of stoplosses.
i hope these points will somehow help in understanding.
Keep an eye folks . Cheers and Happy Trading.
Come key points for the published chart to watchout for:-
1. Nifty is breaking a box and retesting it and breaking again.
2. Every box difference or say high & low of box is getting smaller. ( Marked with green lines for the measurement ) What does this mean? for me it means it might be loosing momentum otherwise every box would have been bigger.
3. Candle size now is very confusing in comparison to previous candle. So now everyone is waiting for the 12025 levels to break.
If on any day nifty closes above 12025 it will rush to 12400-12500.
4.If we get rejection/selling pressure from 12000 again as we saw earlier then nifty might come down if closes below 11820 then it might come down to 11650-11600.
5. Movement wont be slow it will be fast because whatever side it moves it will trigger large no of stoplosses.
i hope these points will somehow help in understanding.
Keep an eye folks . Cheers and Happy Trading.
