Bull trap is confirmed and retail investor has been trapped. I have been saying about this from a long time, which finally happened. Always remember when something is getting hyped "BE CAUTIOUS". For example: "Nifty will touch 16000, Nifty will cross 16000" bla bla.
IMPORTANT: When market open gap up or gap down avoid the first 15 minute. Because overnight position holders will book profit as early as possible and due to that you may see a opposite trend, buying or selling.
At the time of publishing SGX Nifty is trading at 15682.
DJI fell more than 900 points and recovered 200 points in that last half, still down 725 points.
DAX is down by 400 points.
Overall everything is showing negative sentiment.
Key Nifty levels to watch:
15648 is the long time support level of Nifty. Once this level is broken then 15600, and if Nifty break 15600 then 15500 and 15433.
If somehow Nifty breaks 15433 then 15000 is next support.
Please do share with others who may need this.
1hr time frame is used to show the levels. For trade always use 5 minute to 15 minute chart as per your comfort or expertise.
IMPORTANT: When market open gap up or gap down avoid the first 15 minute. Because overnight position holders will book profit as early as possible and due to that you may see a opposite trend, buying or selling.
At the time of publishing SGX Nifty is trading at 15682.
DJI fell more than 900 points and recovered 200 points in that last half, still down 725 points.
DAX is down by 400 points.
Overall everything is showing negative sentiment.
Key Nifty levels to watch:
15648 is the long time support level of Nifty. Once this level is broken then 15600, and if Nifty break 15600 then 15500 and 15433.
If somehow Nifty breaks 15433 then 15000 is next support.
Please do share with others who may need this.
1hr time frame is used to show the levels. For trade always use 5 minute to 15 minute chart as per your comfort or expertise.
