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.