navboy2004

SELL NIFTY NEAR 9550 TO 9600 LEVELS FOR TARGET 9365 THEN 9260.

Short
NSE:NIFTY   Nifty 50 Index
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INVIEWS OF GST IMPLEMENTATIONS AND GLOBAL CLUES MARKET MAY CONSOLIDATE IN JULY SERIES. GST IS GOOD FOR LONG TERM BUT IN SHORT TERM IT DEMISE OF ONE-QUARTER EARNING. AND NIFTY AND STOCK MAY COME WHERE NIFTY WAS 3 MONTHS BACK. MAY CORRECTION UPTO 9260.
NIFTY HAS BROKEN ITS TREND STARTED FROM 7950 LEVELS AND MADE HIGH OF 9720 LEVEL. FOR SHORT TERM NIFTY HAS TAKEN SUPPORT OF 9470.
AS I EXPECTED ONE BOUNCE AT LEVEL OF 9560 TO 9600 AND ONE BOUNCE CAME UPTO 9575 LEVEL AND FALLEN UPTO 9494.
NIFTY HAS MADE HAMMER CANDLE WHICH IS A SIGN OF BEAR.
BUT FROM LAST THREE DAYS THIS SUPPORT IS SUSTAINED AT LEVELS 9474. SO AGAIN ONE MORE BOUNCE MAY POSSIBLE.
ON EVERY BOUNCE SELL NIFTY NEAR 9565 FOR TARGET OF 9375 AND 9260 LEVELS.

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