Shall we say bye to new all time high for the market this year at least.
Correction chances are getting very high.
Potential setup with two high possibilities :-
1)small correction and shall resume uptrend(blue arrow)
2)bigger correction to the 7900 levels(purple arrow).
Trade closed: target reached:
as anticipated. with some glitches
Guys be prepared tommorrows trade is make or break, i have heard a very sucessful trader saying " if you dont do home work for aleast half hour before taking trade - then thats not a gud trade". Be happy n calm then go on hit the bull.
I would like to request everybody to pay a very fine attention to what happened in nifty over past few weeks, the chart layout presented by yuvraj is very powerfull. This exact glimpse of nifty is showing very accurate future of nifty. Gud luck traders.