One of the Most interesting part in Stock Market is , Rigging , Usually it happens in every country Indices , especially where you have High Liquid flow of money
I have seen these patterns before and Now also I am seeing it again , This will extend it self ,
Psychology is simple my friends , when entire money flow ( Mostly form Retail & Small Institutions ) is looking for Exiting the market in the form of profit booking
institutions tend to extend the market in the Opposite direction of mass participants, when most of the mass participants starts to realize that market is still in continuation
mode their the play starts , Institutions make them Comfort by giving an opportunity to buy at top and then Market starts Correction with major Price gap down or flash moves with in 1 to 5 seconds
here also i am seeing the same pattern repeating , One can Expect an Continuation until 11800+ , before it move to 11800 it will have on sharp non-violent correction
Take your trades carefully
Good luck
I have seen these patterns before and Now also I am seeing it again , This will extend it self ,
Psychology is simple my friends , when entire money flow ( Mostly form Retail & Small Institutions ) is looking for Exiting the market in the form of profit booking
institutions tend to extend the market in the Opposite direction of mass participants, when most of the mass participants starts to realize that market is still in continuation
mode their the play starts , Institutions make them Comfort by giving an opportunity to buy at top and then Market starts Correction with major Price gap down or flash moves with in 1 to 5 seconds
here also i am seeing the same pattern repeating , One can Expect an Continuation until 11800+ , before it move to 11800 it will have on sharp non-violent correction
Take your trades carefully
Good luck
Comment:
short selling Nifty is a bad idea , its very slow , Exit your holdings and Buy on reversal once the price tag the forecast reversal place
Trade closed: target reached:
Made to my forecast