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I-Fund-Trader
Mar 5, 2019 10:05 AM

Nifty in Fish Market Disappointment continue 

Nifty 50 IndexNSE

Description

They are Just fishing , No big moves , it will be like this , i have placed an color based pattern label , it might move in this manner , i think we can expect a Major moves after the election , time wise we are very near to Election ,
Some what i am disappointed with this kind of moves in the Nifty , Stocks are behaving like fish in the pound , they just turn the face and start running the other way ,
Moving out form this congestion area , Exiting all my trade set ups , Margins have increased in Futures but returns are not Good ,
I may not be posting until this Complex correction completes and a firm move starts

There is huge market in US , FTSE , DAX with less margins in fact

Good luck if this trades like this look for opportunity as per set up

Comment

Comment


This is possible tomorrow
Comments
Parasuram
look at your first chart here.. you have urself given target of 10480
Parasuram
got it. but it is heading for 11400-500 final destination.. in short term
I-Fund-Trader
@Parasuram, No sir i dont think its heading for it , i am still looking an strong correction ,
Parasuram
today?
it has not even done the target you wished for
I-Fund-Trader
@Parasuram, Yes sir it did not pull back , it went straight up ,
Parasuram
the c may even go below the level you have mentioned. But your B is perfect
I-Fund-Trader
@Parasuram, thanks sir
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