SRSINGH

NIFTY OUTLOOK

NSE:NIFTY   Nifty 50 Index
257 2 3
NIFTY             OUT LOOK FOR NEXT 6 DAYS.
Comment: CHARTS TELL EVERYTHING. NOW LAST LEG OF FALL=G LEG IS PENDING AND START VERYSOON WITH DOWNWARD TARGET=9800-9850.
Comment: NIFTY:- FROM 1FEB.2018, WHEN CORRECTION STARTED NIFTY RSI ALLWAYS TOPOUT IN THE RANGE OF 48-50, NOW CURRENTLY NIFTY RSI VALUE AT 52.SO RISK-REWARD RATIO NOT SUGGEST ANY MEANINGFULL UPSIDE FROM CURRENT PRICE. SECOND THING:-IN THIS CORRECTION NIFTY RSI ALLWAYS BOTTOM OUT IN THE RANGE OF 30-32, SO FROM HERE WHEN NIFTY RSI AT 52,SO RSI IS ALLMOST 22 POINT ABOVE FROM BOTTOM,AND SET TO TOP OUT,SO FROM HERE- ALLMOST 500 POINT NIFTY FALL IS PENDING.
Comment: NIFTY;-THI IDEA NEGATED. NOW LATEST IDEA $ TRADING= NOW NIFTY UPSIDE TILL 10480-10500, THEN SLIDE TOWARDS 10150 FOR MAKING RIGHT SHOULDER, AND THEN AGAIN UP TOWARDS BREAKING NECKLINE @ 10500.
good one
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SRSINGH shiyas
@shiyas, thanx
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