Nifty yesterday break a important level **11320** yesterday and made a low of **11210**.
Today Nifty started to trade above yesterday level but finally broken the low of yesterday which was very important and cracked down more than 100 points & make the low of **11072**. In this course now Nifty is trading below the 50 Day moving average too.
So Whats Next?...
What can be expect now..
According to my view as per the above statements as Nifty trading below important levels, recovery in this is very minimal and every high should be used to short the market.
We can see **11010-11020** before any recovery and below this we can see the level **10850-10870** levels.
And if **10840-10850** gone then we will see **10100-10150** levels soon. Keep your fingers crossed..
I will keep updating the next view till then look out these levels and take trades accordingly.
Today Nifty started to trade above yesterday level but finally broken the low of yesterday which was very important and cracked down more than 100 points & make the low of **11072**. In this course now Nifty is trading below the 50 Day moving average too.
So Whats Next?...
What can be expect now..
According to my view as per the above statements as Nifty trading below important levels, recovery in this is very minimal and every high should be used to short the market.
We can see **11010-11020** before any recovery and below this we can see the level **10850-10870** levels.
And if **10840-10850** gone then we will see **10100-10150** levels soon. Keep your fingers crossed..
I will keep updating the next view till then look out these levels and take trades accordingly.
Trade active:
nifty made low around 11000 and turned back..but this can be short bounce...Danger still not out
Trade active:
''**According to my view as per the above statements as Nifty trading below important levels, recovery in this is very minimal and every high should be used to short the market.
We can see **11010-11020** before any recovery and below this we can see the level **10850-10870** levels.
And if **10840-10850** gone then we will see **10100-10150** levels soon. Keep your fingers crossed.. **"
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As already stated we can see 10850-10870 level..today made low till now 10849 and bounced back 11080, more than 200 point bounce back.. SO till now 10850 saved and lets see will it be tested again..
Further view will be post in weekend...
We can see **11010-11020** before any recovery and below this we can see the level **10850-10870** levels.
And if **10840-10850** gone then we will see **10100-10150** levels soon. Keep your fingers crossed.. **"
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As already stated we can see 10850-10870 level..today made low till now 10849 and bounced back 11080, more than 200 point bounce back.. SO till now 10850 saved and lets see will it be tested again..
Further view will be post in weekend...
Trade active:
Nifty below 10800 now...we can see huge fall till 10100-10150..
