Kinnari_Prajapati

Is the Nifty started down for short term?

NSE:NIFTY   Nifty 50 Index
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628 17
There is important that last hour will clearly show you for confirmation of downtrend. But, presently short selling has eye on NF, technically.
How should be it confirm?
Answer: Suppose to break below 11040 below, then bull's strength will lose.

Should I take short position here?
Yes but at higher level with stoploss of new nigh.
going down
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@AdityaArora, thanks i just researched fresh :
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@AdityaArora, yes it ll go more down tomorrow if its has not up breakout.
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Firstly ......welcome to trading view community . To answer your query..... we are at a weekly resistance level . if we close above 11200 this week , then we can expect another 200 points on the upside. on the other hand if we fail to take out 11200 this week and there is a bearish reversal pattern on monday, then me might slide back to 10850 level in the shorter term. lastly always remember......the market is always right :)
The market is not in your control but your stoplosses are !!!
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Kinnari_Prajapati stocksinboxx
@stocksinboxx, nice one.
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nifty will not move more up ? hardest question .
there is no restriction for price to stop at resistance or support it behave as it like
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@tamilstocks I think you have made an error understanding the question. Let me give you clarification, for short term Nifty will stop move up and start to move down? I hope you understand it. @tamilstocks
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tamilstocks Kinnari_Prajapati
@Kinnari_Prajapati, i pray for break up let c. thanking you mam
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Hope it goes down.... Die Nifty !!!
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Kinnari_Prajapati Chartist_micro
@Chartist_micro, yes but till its not confimed. We are at selling point. . .
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