InsiderB
Long

Nifty : Fibbing with the Fibs !!!

NSE:NIFTY   Nifty 50 Index
Look at the black trendline I have drawn, it's so steep almost like 80 or 85 degree. Very Bullish move without any retracements.

By the way, I'm very curious and interested to know whether any Gann Guys predicted this steep move this week with time frame too ?, that would be superb prediction from Gann angle !

i) Clearly, another Bull Day expected as Nifty made New highs

ii) Yesterday Crab legs extended up few more points

iii ) Very small pullback last session if Nifty face resistance at 9350-60's zone

iv) I dont feel much resistance at 9330's, Only on very strong bear confirmation take shorts

v) Its probably All Bull's Day...Lets watch !
Apr 25
Comment: Note : Yesterday got one comment from one of the followers about that extended crab & I feel super glad to know people coming up with different scenarios. Really Appreciable :)
Apr 25
Comment: Gap Up done as expected. Now, Take support around that zone (20 pts ) and extended bull run... Just My view !
Apr 26
Comment: If there is no bearish sign in this zone, dont even think of shorts... Just trail your stops and ride on the bulls...
Apr 26
Comment: And there comes magic of Fibs
Apr 26
Comment: 9275's 2mrw possible
tonite important wat trump does ? y 9275?
Reply
InsiderB SohilShah
@SohilShah, is there news event ? Just bcos of retracment based on fibs I mentioned
Reply
InsiderB SohilShah
@SohilShah, oh ok..but if tax cut happens its incentive for corporate's right ?! so up move then ?
Reply
SohilShah InsiderB
@InsiderB, true, but it wud be an illogical upmove for india, since those cuts promotes "make in america" but i guess indian markets wud rally with others
Reply
InsiderB SohilShah
@SohilShah, yes probably bcos of the bull run. But anyway we aren't trading with news events right ? Even if we have one we will take trades only if there is trade setup. But I dono man, where these bulls are running & why ... Are these macroeconomic factors that strong globally & Domestically ? We are just waiting for a tipping point...
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SohilShah InsiderB
@InsiderB, no clue whatsoever the tipping point should not be far off
Reply
InsiderB SohilShah
@SohilShah, yep charts will show us when it is... The more inflated Bull run, Deeper Correction
Reply
fibbing means lie and untruth, is it a false move to that level?
Reply
InsiderB nalinakshi
@nalinakshi, Intentionally used the word "fibbing" :D Bcos its completely inflated bull run,it may extend too :)
Reply
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