Nifty 50 IndexLong
NIFTY SPOT
NIFTY MAY HAVE ALREADY MADE A LOW, OR IS WELL WITHIN AN INTERMIDIATE LOW ZONE...... THE 20 EMA ON FRIDAY WAS 11680, AND CAME UP TO 11715 TODAY..... WHERE NIFTY MADE A LOW AND BOUNCED OFF UPWARDS.
AS I HAD MENTIONED ON FRIDAY/SATURDAY/SUNDAY...... RELIANCE HAS MADE OR IS WELL ON ITS WAY TO MAKE A BOTTOM NOW, AND GOING BY THE DOW FUTURES, IT SHOULD BE NOTED, WE WILL NOT REACT TO DOW TOMORROW, AS WE HAVE ALREADY CORRECTED TODAY SUBSTANTIALLY. IN AS MUCH AS I DO NOT SEE NIFTY BREACHING 11680 - 700 ZONE FOR NOW, I GIVE IT A 3% CHANCE THAT NIFTY WILL FALL TO 11590, AND THIS IS WHERE THE BUCK STOPS FOR ME......
PRUDENT TO ''''' CAUTION YOU ALL'''''''....... DO NOT BE OVERTLY SHORT ON ANY OF THE INDICES. THIS MARKET IS IN NO MOOD TO FORGIVE EITHER SHORTS OR LONGS. HOWEVER, THE BIAS FOR ME IS NEUTRAL TO LONGS NOW. TIME TO ACCUMULATE SLOWLY BUT SURELY.... WAVE III OF 5 @ IMPULSIVE IS AROUND THE CORNER.... MIDCAPS TO OUTPERFORM IN THE NEAR TO MEDIUM TERM... FROM A 12-16 MONTH HORIZON, I HAVE A 35-50% UPSIDE TARGET ON MIDCAPS HEREON.
WISHING YOU ALL...... HAPPY ACCUMULATION
AS I HAD MENTIONED ON FRIDAY/SATURDAY/SUNDAY...... RELIANCE HAS MADE OR IS WELL ON ITS WAY TO MAKE A BOTTOM NOW, AND GOING BY THE DOW FUTURES, IT SHOULD BE NOTED, WE WILL NOT REACT TO DOW TOMORROW, AS WE HAVE ALREADY CORRECTED TODAY SUBSTANTIALLY. IN AS MUCH AS I DO NOT SEE NIFTY BREACHING 11680 - 700 ZONE FOR NOW, I GIVE IT A 3% CHANCE THAT NIFTY WILL FALL TO 11590, AND THIS IS WHERE THE BUCK STOPS FOR ME......
PRUDENT TO ''''' CAUTION YOU ALL'''''''....... DO NOT BE OVERTLY SHORT ON ANY OF THE INDICES. THIS MARKET IS IN NO MOOD TO FORGIVE EITHER SHORTS OR LONGS. HOWEVER, THE BIAS FOR ME IS NEUTRAL TO LONGS NOW. TIME TO ACCUMULATE SLOWLY BUT SURELY.... WAVE III OF 5 @ IMPULSIVE IS AROUND THE CORNER.... MIDCAPS TO OUTPERFORM IN THE NEAR TO MEDIUM TERM... FROM A 12-16 MONTH HORIZON, I HAVE A 35-50% UPSIDE TARGET ON MIDCAPS HEREON.
WISHING YOU ALL...... HAPPY ACCUMULATION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.