ANALYSIS BASED ON TECHNICAL PARAMETERS(NO NOISE)
NIFTY FOR MANY WAS 180 DEGREE TURNAROUND...THE POST WHICH I GAVE ON 19 AUG PLAYED TODAY...IT WAS A SURPRISE FOR ME ...AFTER ALL TRADING IS A GAME OF PROBABILITY...WHAT I LEARNT FROM DECLINE THEIR WERE TWO MAIN CAUSES FIRSTLY MORNING 0330 DECLINE OF DOW FUTURE AND SPURT IN DOLLAR INDEX...I WILL NOT DWELL MUCH INTO IT...TODAY NIFTY WITH A GAP DOWN TOOK SUPPORT AT AN CRITICAL LEVEL...HOPE THE SUPPORT REMAINS INTACT...FOR TOMORROW NIFTY MAY BOUNCE BACK AND CLOSE NEAR DAY BEFORE HIGH AFTER WHICH I EXPECT A CORRECTIVE DECLINE ...
KEEP A WATCH ON IMPORTANT LEVELS...
***ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE***
####TRADE AS PER OWN RISK ASSESSMENT####
NIFTY FOR MANY WAS 180 DEGREE TURNAROUND...THE POST WHICH I GAVE ON 19 AUG PLAYED TODAY...IT WAS A SURPRISE FOR ME ...AFTER ALL TRADING IS A GAME OF PROBABILITY...WHAT I LEARNT FROM DECLINE THEIR WERE TWO MAIN CAUSES FIRSTLY MORNING 0330 DECLINE OF DOW FUTURE AND SPURT IN DOLLAR INDEX...I WILL NOT DWELL MUCH INTO IT...TODAY NIFTY WITH A GAP DOWN TOOK SUPPORT AT AN CRITICAL LEVEL...HOPE THE SUPPORT REMAINS INTACT...FOR TOMORROW NIFTY MAY BOUNCE BACK AND CLOSE NEAR DAY BEFORE HIGH AFTER WHICH I EXPECT A CORRECTIVE DECLINE ...
KEEP A WATCH ON IMPORTANT LEVELS...
***ASSIMILATION ONLY FOR EDUCATIONAL PURPOSE***
####TRADE AS PER OWN RISK ASSESSMENT####
Comment:
MAY SWING ANY SIDE...UNABLE TO COUNT WAVE NOW...
Comment:
5 WAVE TRUNCATED....VOLUME BREAK DOWN TOWARDS DOWNSIDE...