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
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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
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
TRADING_DUNIYA
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@Goutam5196, let's see .. if it crosses 15450 in 2-3 session ... Then nothing can stop it
ckirtane
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@Goutam5196, 100% agree , I even see 20% fall in JUNE target 12430.(previous top can be tested to start new bull run)