Negative Nifty outlook for coming sessions

Jul 14, 2019

The trend analysis done using few major support lines on daily chart, we are looked into major support/resistance trend line of market cycle trend, long term and intermediate term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend running since Oct'18 and same for Feb'16. Since than it started downward movement and touched bottom of 1 channel in early July at 11,461 (touching bottom of its up trend continuing since Oct'18.). If it break this 11460 level/ channel it will continue to 11,0000.

Short position can be opened if 11460 level is broken by Nifty.

Jul 19, 2019

Trade active

11460 level is broken by Nifty, I hope you have opened shorts for 11K target

Jul 29, 2019

Trade active

My analysis still says 11K is not far for nifty...

Short term Nifty next target 11,125, If nifty breaks 11,100 we will see nifty 11,000 and after which we will see upward pullback in this down rally.. As 10,975 is Major Support that's where we will see some buying around 10975 - 11,000 zone..

Jul 31, 2019

Trade closed: target reached

Target 11,010 achieved..

Jul 31, 2019

Trade closed: target reached

We have made 450 point of profit..
Now enjoy profit in retracement .. I published new idea

Aug 1, 2019

Note

Today Nifty has taken support from "support trend line since Feb'16" at 10,877 exactly from where our trendline was but if this support fail to hold the consequences are very bad and nifty will free fall..

Aug 7, 2019

Note

Nifty will test 9200 level