Tue 28 Nov 2017 Nifty View
Updated
If you check my posts in past 3 sessions, we have booked 117.5 points in Nifty and currently holding long from 10392 NS and this too is in green.
BankNifty has given a breakout above its falling wedge, and Nifty currently still is inside the rising wedge, but shall catch up.
Today SGX Nifty is slightly negative – down 19 points, but Nifty and BankNifty will start moving up again within first 10-15 minutes. Current bullish short wave might end only in the second half.
Just as a recap, markets are up till 5-6 Dec. And stop-loss is 10290 NS and for BN its 25590.
BankNifty has given a breakout above its falling wedge, and Nifty currently still is inside the rising wedge, but shall catch up.
Today SGX Nifty is slightly negative – down 19 points, but Nifty and BankNifty will start moving up again within first 10-15 minutes. Current bullish short wave might end only in the second half.
Just as a recap, markets are up till 5-6 Dec. And stop-loss is 10290 NS and for BN its 25590.
Note
One final upward push till 13:15 around, and this SW will end there.Note
ST traders shall exit here at marginal profit of 6 points. Do not short. Nifty and BN in a sideways fashion will retrace this upmove since yesterday. Will go long again later.Note
Though it started from 13:42 instead of 13:15, notice the sharp fall. Now it will end tomorrow only. MT traders cam carry forward.Note
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