sreebhashyam

NIFTY: "The Lakshmana Rekha"

NSE:NIFTY   Nifty 50 Index
It is all about Ram, islands on fire, Hanuman on Release and Ram reverts back on every one's prayer. The Maryadha Rama, the one and only Idol the whole life systems to surrender! Cosmic.

While we talk about these events, brings the role of Line and the line of Lakshmana Rekha.

That line is centered around recent low 21480 if it goes then we sure going towards 21000. Draw your ammunition and arrows to defend.

The dice is to cross, let's see if that unfolds today or tomorrow. With inflation data on 11 in US and China and ours on Friday. The dice is pushing to print an evening star, warning to near term bulls if not a reversal of long-term trend.

Yesterday demonstrated, we are back to the cues from overseas to react locally. We whittled mere red in the European market. If this gives inputs then we are here to break lower than otherwise.

Sufficiently capped now around 21650. (half point move of the whole day till after noon yesterday). As long this holds expect move below 21480 (that begs to add to the shorts) over with quick close above 21680.

For the day remain shorts, mid cap is wilting so many other places too.

TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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