Swapilchoksi

NIFTY: It's about the Right entry and Exit.

NSE:NIFTY   Nifty 50 Index
Now the major concern to find the right entry and exit in this volatile market. 9950 - 10170 is the first level to watch because its a major supply zone on a weekly chart. If Nifty will manage to sustain above this zone then it may test 10300-10400-10600. My seance it that it's very difficult to sustain nifty any level above 10000 because there are may resistance zones and may not get the follow-through.
If Nifty will sustain below 9900-10170 then it may test its next support zones @ 9800-9850 / 9700 / 9350-9450 / 8750-8900.
Trade active: Open Position: Short NF @ 10050

Comments

The whole fall has stemmed from global factors. Right now global factors are in our favour for a reversal may be till 10550 or so. With Dow up 9.9% that is more likely. Second leg down will be due soon thereafter.
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Swapilchoksi sanketsudan
@sanketsudan, let's see
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sanketsudan Swapilchoksi
@Swapilchoksi, You were bang on target!
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Swapilchoksi sanketsudan
@sanketsudan, Thank x ... these levels are pre-plotted and worked very well.
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