bbrijesh

Nifty - Good Bye 9K in 2016?

Short
NSE:NIFTY   Nifty 50 Index
*Dumpling Top
*Trendline resistance
*Negative crossover on MACD

Blur chances of 9K in 2016.
Trade active: Bearish formation on weekly and now daily forming lower high & probable Bearish Belt Hold (today's candle).
*Cautious for bulls is last week low of 8,809.
Comment: Correction: Low of 8555
Trade active: Bears rule....
Trade active: Bears are having great time....Bulls will be in action only above 8,700
Comment: Expected ~8100 (200DMA) which is achieved..swings might continue and trend change level would be only above 8,700.
Comment: Nifty retraces 50% of 6825-8968....

Wanna join Good Bye 9K in 2016 or still a hope ;)
Comment: Bearish trend intact till 8335 is not crossed.

Comments

I believe this is valid if Nifty daily close below 8510
+1 Reply
bbrijesh s.aradhye
Agreed..for confirmation
Reply
very nice..cheers...
Reply
I had never heard it from any social network,I fed up up with the 9000-10000 bla bla from idiots in the blue box.Let us request Modi to do a surgical strike on this Idiots and bombard the channel.
Reply
As always, nice chart, Brijesh.

My 2c -- NF support on daily in the 8550-80 zone. So long as that holds, all good - that's my view.

Reply
bbrijesh Girish
Thanks ;)
Reply
I would love to see Nifty below 8k :P
Reply
bbrijesh InsiderB
Hahaha...Aap to Bulls ko maar hi daloge ;)
Reply
InsiderB bbrijesh
Bull or Bear, everyone love that ride ;)
Reply
bbrijesh InsiderB
Yes
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