Scout_Stock

Short term correction coming???

Short
NSE:NIFTY   Nifty 50 Index
Upcoming sessions are very important for market, as nifty faces resistance from long term resistance trend line . Once it manages to break the resistance, New trend will start in nifty .

Comments

NIFTY will not correct till end of November. This is my view. I may be wrong. every short will lose money.
+1 Reply
Scout_Stock BharadwajBharaata
@BharadwajBharaata, on what basis you are telling November end? I'm supporting my finding with my own drawings.
You can check the same drawing in my profile, before nifty hitting ATH.
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@Scout_Stock, THE BUBBLE WILL GROW ONLY BIGGER. THERE might be a short and sweet correction BUT, the rise will be equally swift.

THE BUBBLE WILL CONTINUE for 1 more YEAR, minimum. DOW 34000 and sensex 45000 is a distinct possibility.

MARKET was always IRRATIONAL.
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Why this much lines?
Reply
Scout_Stock rkumar7591
@rkumar7591, lines are derived from the past trends....
You can ignore the lines below immediate support levels..
The entire chart has been drawn months back not even altered a single line
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