Nifty 50 IndexShort
THE NEXT BEAR PHASE..!? 9950 / 9700 / 9550 / 9050 Levels Coming?
Nifty Spot as on 4th Oct - 10599
The momentum of selling pressure, global sentiments and macros indicate that, this is the start of the NEXT BEAR PHASE...!!
Important Support Levels as on Monthly Chart are mentioned on the chart above.
Bulls Need to give a Monthly Closing above 10400 to avoid break of the bull run trend line from Feb '16 to Aug '18.
If 10400 breaks and we get a monthly closing then Nifty can fall all the way down to test the Monthly Support Trend Line.
Positional Short CMP of 10599
Target 10400 / 9950 / 9700
Stop Loss 10865
The momentum of selling pressure, global sentiments and macros indicate that, this is the start of the NEXT BEAR PHASE...!!
Important Support Levels as on Monthly Chart are mentioned on the chart above.
Bulls Need to give a Monthly Closing above 10400 to avoid break of the bull run trend line from Feb '16 to Aug '18.
If 10400 breaks and we get a monthly closing then Nifty can fall all the way down to test the Monthly Support Trend Line.
Positional Short CMP of 10599
Target 10400 / 9950 / 9700
Stop Loss 10865
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