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FMSmo
Feb 22, 2021 6:36 AM

Analysis on Nifty Short

Nifty 50 IndexNSE

Description

patient holders be in short to reap the benefits
However, nifty will gain bullish momentum from the strong support zone 14650-750 will approach the zone today or tomorrow itself
from my analysis, it will touch 15100 to fall badly
short term view in Nifty - bearish
Nifty psychological support 14500
overall range for march 13500-15500

Comment

Till now nifty moves in the predicted direction as drawn in the cart
appx 900 pts from both the buy and sell setup
until fresh high, sell on rise is the best strategy with strict stop loss
Comments
Kakerot
this is not analysis, this is prediction, even if comes out correct, it won't be analysis, because prediction may work this time maybe next time, but definitely not every time it should take support near 14600 and bounce as that is support, next support is the gap below 14500, this is analysis but if today it sustained above 14800 and closses then it will make new high next month this is an analysis
FMSmo
@Kakerot, yes prediction with proper analysis not guess works may happen or may not that's true in the market. ultimately we should make money big profit small loss
How will you say if sustained above 14800 will make new high it may happen but from my knowledge it is also prediction
from my analysis this time it wont cross 15200 even nifty sustained 14800
FMSmo
@Kakerot, apart from all that they are strong key resistance level above 14800
market top @ 15200 or 15400 sustained all time high will lead 500-800 pts rally until it wont make new high this month
FMSmo
@Kakerot, Im right what you think of this chart
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