Nifty Technical Analysis - 60 min Chart for NSE:NIFTY by utf200

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waveanalysis trendanalysis nifty nifty50 tamilnadu nifty_tamil

As per 60min Chart

Nifty monday morning goes up level @ 13840 and more (wick level high )
but 1 hr close @ 13749
Nifty coming week down to 12800 ( step by step as per lower time frame basis)

Reason
correction side almost 4th wave completed so it take turn to down ( 5th wave )
so down movement may be fast
Becare friends

Comment: Thanks lets wait and see but my opinion , prediction is strong

wick level high may be 14000 and more respectively timeframe but the closes are @ its pivots

also week will be finished on 3jan21 so close chance to 13780 to 13750 and wick level making high above 14000 within lower frame close (especially one hour response )

no chance to close higher than previous swing high, it should be equal or slightly low and candle color white

otherwise one hr close above 13870 it will be breach - this is my opinion or idea

Comments

as i said 4 days ago all short ideas are there since 12000 breakings and the market has made all shorters their bich. 14000 coming

Reply

Sorry but disagree with this analysis...Looks like you are one of the desperate PUT holders & wanting the market go down by hook & crook end of Dec...Good Luck!

Reply

correction will come in jan 21 because MF /funds want higher NAV at year end. nifty may cross 14000, do not short before 4 jan.

Reply

get ready ladies and gentleman, we will see 14000 level before any fall. these so called analysts are giving shorting ideas desperately since 12000 level.let me tell you a simple stretegy for DEC last expiry if you find the dip intraday make a decent position on upside whereever we are on the day of expiry which is 31st DEC. be ready on buy side if dont get the dip then we might go even above but probability is little lower then if you get dip on the day of expiry. All F&0 trades are risky do it at your own risk.

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