tradetechnicalanalyst

IS NIFTY & B-NIFTY BULL RUN OVER SOON.

Short
NSE:NIFTY   Nifty 50 Index
NIFTY IS TRADING AT ALMOST 34-35 PE HIGLY OVER BOUGHT ZONE. RSI ALSO IN OVER BOUGHT NEAR 76. IT SUSTAIN IN EXPECTATION OF US AND INDIAN RELIEF PACKAGE , BUT NOW WHAT NEXT, US ELECTIONS OVER.
LAST HOPE FOR NIFTY IS 13000. AFTER THAT MUCH AWAITED CORRECTION MAY COME . WHICH WILL CORRECT NIFTY UP TO 500-800 POINTS
NIFTY 13000 LEVEL STAND WITH HUGE OI WEEKLY AS WELL AS IN MONTHLY OPTION CHAIN.

IT IS BETTER TO ACCUMLATE PE13000 OF 26 NOV WHEN NIFTY REACH 12950-990 AND HOLD FOR SOME CONSIDERABLE CORRECTION.

Comment: IF NIFTY CLOSE ABOVE 13000 DO NOT STAY SHORT ON IT.
Comment: NIFTY CORRECTED AS SUGGETSED LEVELS 12963 NOW 12800 , 163 POINTS CORRECTION DONE
Comment: NIFTY LOW 12745

CORRECTION 12963 TO 12745 ALMOST MORE THAN 200 POINTS CORRECTION