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ChartCraft
Mar 27, 2020 1:48 PM

NIFTY: Another Black Monday Possible! Short

NSE:NIFTY180
Nifty 50 IndexNSE

Description

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Nifty looks like it has done its needed pullback and it's time to continue the down rally.
today is friday, 27th march, i'm referring here to the coming monday ie:30th march 2020.

Trade active

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Just as told, 3.3% gap down.
Trend AnalysisHarmonic PatternsChart PatternsniftyshortNIFTYnifty50niftytrendniftyanalysisblackmonday
Comments
InvestPro_India
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What's the target we are looking for?
ChartCraft
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@rachitstnd open target, calling for a gap down on monday.
Bibhudhendra
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@SSSMm, what is down side you are looking at. on absolute number for a bounce..
ChartCraft
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@Bibhudhendra, gap down In the vicinity of 8300
Bibhudhendra
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@SSSMm, okay thanks..
kedarchhatre
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@rachitstnd, if global market will not trade with highly positive trends then 8300 to 8400 are gap down levels, avoid bull trap on monday (if there) one more lower circuit expected monday ?
ChartCraft
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Nifty @ 8660 as I post this on friday 27th march.
InvestPro_India
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@SSSMm, I meant to say the level we may see on Monday or by how much points you think Gap down would be.
ChartCraft
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4 percent im looking at. basically what I see is that there is a signal of a trend reversal back to downside in the shorter term. But always be hedged man
InvestPro_India
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@SSSMm, Thanks!
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