Austerity_trading

NIFTY to 10400 (800+ points)

Short
NSE:NIFTY   Nifty 50 Index
  • Rising Wedge Resistance
  • Trend line from 2018 low
  • Trend line from 2020 high for 12400 and 12250 around
  • Fibonacci 78.6 retracement (in general a strong reversal zone)
  • All this makes it a strong Confluence zone
  • RSI is also indicating a reversal is imminent


  • SL is 11377 in closing basis
  • 11120, 11040, 10980, 10860, 10750, 10630, 10570, 10480 are intermediate targets
Trade active: 1st target achieved
Trade active: second target achieved
Trade active: 3rd target achieved
Trade active: Almost 4th target. 350 points+ delivered till now.

Comments

holding put index
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Austerity_trading rksharma1091
@rksharma1091, got some rewards or not?
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good analysts but bull run is not over. nifty will come down to 10800/600 level & then final target 11900 within 1/1.5 month. After that very big fall to 8350 near dec/jan. as ground realities are very very bad all over the world. Trump is pulling market for his election but will not get elected.
Reply
@ckirtane, totally agree. Yes, this will be pull back before market again rises to near ATH.
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