profitadda

Nifty Falling due to FOMC ?

Long
NSE:NIFTY   Nifty 50 Index
In continuation of our view presented in Earlier post. We have been continuously mentioning Correction in Nifty was Due even before any event happening like FED meeting and announcement.

We believe in working based on charts and factual data analysis. if you want to corelate market moves based on News you can get News on Daily basis. Correlating market moves with Events is job of TV channels.

Our view was purely based on structure formation and high probability that can happen.

So far Nifty is moving as per our expected Trajectory and our view is intact that Nifty correction can be completed 16156-14800 Range for the reason already discussed in previous videos and post.

Now Planned earlier we will be buying Nifty once it reaches our expected zone.

Disclaimer:
These are personal views and not trading recommendations however if you want to trade based on these please acess the risk and consult with your financial advisor before taking actual trade.
Comment: So far as per our expected moves
Comment: please check out moves happening in NIFTY since our post. Seems its moving exactly as planned
Comment:
Nifty moving as per our expected path.
Now In Smaller cycle Nifty to feel stiff resistance at levels marked.
Comment: Our expected resistance was 17613.8 and Today made high of 17622.4 and than given fall of almost 378 Points
Comment: Still Nifty is moving as per our analysis and expected path and will be initiating Buying in Nifty @ 16156

Wish you a very happy Trading
Comment: We are approaching our Buying zone now
Keep a close watch and don't hesitate to enter @ 16156 - 14800 zone with stop loss as lower marked level @ 14800
Comment: We were just short by 47 points as per our expected level.
However we may extend fall little more down @ 15800 vicinity
Comment: We reached our buying level 16156
Comment:
Those who are long in Nifty can book 50% Profit @ 16474 level and move stop loss to entry level
Comment: Position is RISK FREE NOW
Comment:

vijay dhage
Disclaimer

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