mklives
Education

NIfty.. know your history

NSE:NIFTY   Nifty 50 Index
Is nifty repeating its move on the Monthly..the 6 th candle as shown in the chart

Comments

We are going down soon !!! looking for 10350!
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I do not trust nifty, as everyone suddenly turned bearish from bullish, now I hope it moves up.
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mklives yogi_sharma_elliottician
@yogi_sharma_elliottician, 10950 11000 is a strong resistance.. we can have a pullback..but biggies are weak now,,hdfc rel tcs.
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@mklives, yes, I am bearish to 9800 level, but its time reliance tcs show some pullback. also I am hoping reliance to form H&S pattern so expecting 1275/85 range where it may fall again.
+2 Reply
French_Fries yogi_sharma_elliottician
@yogi_sharma_elliottician, this index is absurd all the numbers are manipulated, doesn’t even reflect what’s going on overall, 3 bank stocks and 3 IT stocks are the only thing which is responsible for these numbers.
+2 Reply
mklives French_Fries
@French_Fries, exactly.. even the rally from 11000 to 11800 was due to the 5 or 6 stocks..midcaps never participated..
+2 Reply
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