TRADING_DUNIYA

NIFTY - ZONE OVER ZONE

NSE:NIFTY   Nifty 50 Index
now nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell.

from now we will be bullish if it crosses 15450 and below 15450 -- bearish

so a good fall fall is expected in market after completion of ending diagonal .

PCR is 1.24
Indian VIX is @ 19.08

Comment: after watching your comments ... i understand that u all are bearish ... but watch
2-3 sessions ... if it crosses 15450 then it is bullish ...

and also bank nifty seems to be bullish .... its pcr is 1.09 and 35000 is resistance lvl
i will suggest you to have patience and let charts to give some indications
Trade closed: stop reached

Comments

A perfect bull trap was being setup by institutions from last 6-7 trading sessions....and if you look closely it is an expanding triangle with wave e at termination level and the next coming wave will be vedy fast ... most likely their pending orders must be complete... and in coming expiry week... expect 600-800 points fall atleast
+6 Reply
TRADING_DUNIYA Goutam5196
@Goutam5196, let's see .. if it crosses 15450 in 2-3 session ... Then nothing can stop it
+1 Reply
ckirtane Goutam5196
@Goutam5196, 100% agree , I even see 20% fall in JUNE target 12430.(previous top can be tested to start new bull run)
Reply
Goutam5196 ckirtane
@ckirtane, 🤔🤔🤔 that is too deep target..
Reply
Trader1680 ckirtane
@ckirtane, Relax bro it will not break 13600 in one shot, then how can 12400 come in June? That figure will take LOT of months to come.
Reply
Thanks Boss. let's see.
+1 Reply
There are institutions plan Square off before monthly expiry this week, expect ~14850 for closing.
+1 Reply
@jayadevbs, look at my banknifty post u may change ur mind
Reply
jayadevbs TRADING_DUNIYA
@TRADING_DUNIYA, No....
New to market.
Nifty is OK for now, will not jump into banknifty now.
Reply
@jayadevbs, jump then u can learn...
Reply