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rcanu
Dec 31, 2020 2:51 PM

NIFTY :MAY SEE A CORRECTION SOON Short

Nifty 50 IndexNSE

Description

THE RISE FROM 13131 TILL DATE LOOKS LIKE A CORRECTIVE BOUNCE AND IN THIS RISE THE LAST LEG FROM 13860 IS LOOKING LIKE AN ENDING DIAGONAL OR A TERMINAL IMPULSE.FOR THIS TO CONFIRM WE SHOULD BE BREAKING BELOW 13860 VERY SOON WITHOUT BREAKING TODAYS HIGH.
HAPPY NEW YEAR

Comment

ALTHOUGH THE HIGH OF 14025 WAS BROKEN BUT THE MOVE REMAINS CORRECTIVE STILL A CORRECTION IS SEEN BUT NOW S/L SHOULD BE ABOVE 14120
Comments
ckirtane
max possibility of sideways move in this week(sell 13900pe &14100ce to get max profit),real down fall will come between 13-25 jan, target 13200.
shabbeer75
14200-300 is the target after that only market will fall till 13860, if it breaks then it may go till 12760
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