ankit3000
Long

Nifty - Finally the Much awaited correction arrives.

NSE:NIFTY   Nifty 50 Index
Everybody was expecting a correction since nifty             crossed 9500 but market reacts when nobody expects :). This time it was not an exception as well. Markets taking a steep correction.

Nifty             currently taking support at 61.8% Fib Level 9720. One can go long here at CMP 9745 with SL below psychological level 9700 with a target of retest to 10100.
Comment: Stiff resistance at 61.8% Fib level.
More power only after sustaining above 9880.

Recommend to short here with SAR stop @ 9910 at closing base
Comment: Nifty Hit the SL and came down :(

Stay long as it is hovering around 38.2% Fib Level.
Stop loss is 20 points lesser than today's low 9775.

Sharp pullback is expected
Comment: Rally arrived as expected. 10100-10120 is stiff resistance zone.
Book profit once it reaches the level.
More bull run only if it sustains above 10120
Trade closed: target reached
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out