Nifty 50 IndexShort
NIFTY50 WAVE ANALYSIS 10 JUN 19
Hello Traders,
Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern.
This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and this to again 10000 level on second half of this year.
My Entery Point On Coming Months:
SIDE : SHORT
Sell @ 12230 -- SL @ 13000 -- TP1 @ 10800 -- TP 2 @ 10000
Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern.
This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and this to again 10000 level on second half of this year.
My Entery Point On Coming Months:
SIDE : SHORT
Sell @ 12230 -- SL @ 13000 -- TP1 @ 10800 -- TP 2 @ 10000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.