Nifty index remained range bound for most part of the day in last week till Expiry then witnessed buying in last half an hour of the session to extend its move towards 10630 zones. As previous Recovery from BULLS extended their Moves Against Bears on Expiry with 10600 Zone marks, It erased previous day’s losses and formed a Candle on the daily scale, index has been finding multiple support at 10500-10550 zones from last eight trading sessions. Now it has to continue to hold above 10550 zones, to extend its move towards 10685-10705 zones while on the decline next major support exists at 10500 zones.
The Month of April Expiry was Full of Action done …Will Bulls Ahead same in MAY-2018? Or Bears would drag Bulls to NEW Lower Level of Previous Month?
What would BEARS Do in his Next Attack on BULLS???
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The Signs of fears and Greed in any Global News reprinted on Charts in All Indices by small group of Investors and Traders got to change their strategy in portfolio. As you know News were Discounted earlier for Retail Traders in Chart Movement-um.
As per Nifty Index Trade Analysis Nifty is majorly Trade to Hedge Portfolios. Candlestick patterns made your trade to happened as per its Creation and Relation with its placement in chart that moves Action from Bulls and Bears,and you should Trade like this as per Markets Terms and Condition. For E.G.- look all candles patterns from 17-4-2018 all in Range bound are of 10580 to 10520 levels then 10630-10530 levels which was earlier picked by combination of hammer (17/4/18)followed by inside engulfing Daily candles in top range so as per candlestick Trade is go for short in top at hurdles and cover it up at support on day to day basis. and not as Conventional method of holding position.
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