mklives
Education

Nifty.. weak...

NSE:NIFTY   Nifty 50 Index
NIFTY is at critical weekly trendline supports. also it is closed below 50 100 and 200 weekly mov avgs.. currenly just below 20 weekly also..

any upmove to 10950 will be a sell.. (trendline from top)..10750 is 50 weekly which also acts as a resitance..

note: this is my personal view only..

Comments

The plan is to take as many suckers as possible during the major dump.
+1 Reply
mklives French_Fries
@French_Fries, ya waiting to short on rebound..
Reply
@mklives, I suggest not to do it, wait till March 1st, at least on index, we have a biggest stock pumper of all times sitting in White House. Plus PBOC pumped money equivalent of entire GDP of Singapore. Then we have RBI folks who are trimming down rates at 7.5+ % GDP forecast. This is madness.
+1 Reply
mklives French_Fries
@French_Fries, ya will wait..
Reply
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