InsiderB

Nifty : Will Butterfly Fly away ??

NSE:NIFTY   Nifty 50 Index
Hi Guys... its been a while right ? yeah..long weekends n other commitments to fulfill with Nifty             ranging in flag, there is nothing interesting for the last two trading days. Not anymore... Probably Nifty             will decide its path in a day or two, Doji's indicate 2 things - Indecision & A Decision soon. So its time for Nifty             to decide the direction, we have Bearish Butterfly n flag ranging. If Bearish Butterfly wins, flag breaks-down to south which is considered as failure of Bullish Flags. If Flag breaks out upside, Butterfly is unfortunate.

Decide based on your trading plan which side you are gonna take n when...Never trade in speculation or Hurry, Follow proper plan...

Comment: Looks like direction is set, a Daily close above 8880's will trigger the Bull Run & create havoc for Bear's !
Thank you.
+1 Reply
Have a Profitable Trading week !
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