praveensam001

BIG WARNING - NIFTY 50 BEAR MARKET AHEAD !!!

Short
NSE:NIFTY   Nifty 50 Index
Hi all !!

Good day!

I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you.

With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.

Peak Price: 22,430
Current Price: 9,500
Price Fall Target: 2250 - 2550

I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart.

For more updates, follow me here.
~RPS~

Legal disclaimer:
I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
Trade active: Markets tend to give opportunities for us. This is one such opportunity. Here, the market price hits 7.5k support and bouncing back to 10.5k to 11k resistance. Expect rejection from the resistance zone. When that happens, my next target is 6.1k to 6.2k level. For bullish scenario, price should go above 11k and hold 10.5k as support.

Comments

See the recent swings it rejected to go low..
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This is nothing new.These operators have developed fine methodology to extract the blood of the retail investors.They have made enough money by projecting rosy picture. Now they will project gloomy picture of economy to make money by shorting .
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@praveensam001

Hi, Could you please update the view now that 7500 came in and more than 50% of the fall retraced

Regards

Srikanth
Reply
praveensam001 avsrikanth
@avsrikanth, Updated my idea. Thanks!
+1 Reply
avsrikanth praveensam001
@praveensam001, Thanks Praveen !

Nice of you
Reply
don't worry this will not happen. Nifty is going to test 7500-8000 if 8555 breaks. At there correction seems to finish
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2500 will damage the country and economy so i think it sldnt happen
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praveensam001 CoolTrader7890
@CoolTrader7890, Yes, there are other trend reversal points even before 2500.. But it's too early to call those levels that requires some more upcoming price action to confirm those levels and it's probabilities..
Reply
CoolTrader7890 praveensam001
@praveensam001, ya so right at what level u see market to fall and bounce back has right its rallying up sp....
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