indiamarketoutlook

Nifty : Chart set up and short term view

Short
NSE:NIFTY   Nifty 50 Index
Nifty

View mentioned in chart


Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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Comments

Shorts trapped
Reply
@bharatrammbm, Looks that way.... Market is still looking bullish... Retail participants have gone Net short and FIIs have gone Net Long (although minutely)
+1 Reply
bharatrammbm indiamarketoutlook
@indiamarketoutlook, Retail will be squeezed now
Reply
@bharatrammbm,

Nifty does have a target of 16227 but Volumes are very very thin. Best is not to over think it. That being said On any dips Nifty would look a better proposition to go Long
+1 Reply
bharatrammbm indiamarketoutlook
@indiamarketoutlook, Yes Nifty will go to 16200 on this monthly expiry.
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look at the chart 15820 to 15850 is the resistance so 15820 to 15850 is selling point from there 100points correction possible sir may be
Reply
@salavudeen, 15680 / 15633 looks likely to provide support on the down side
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