AS PER CHART WE HAVE SEEN FALSE BREAKOUT IN DAILY CHART
WILL NIFTY SUSTAIN ABOVE 11500 OR WE WILL SEE 10800 ??
AS PER MY IDEA AND THINKING THIS IS BEST ZONE FOR SHORTING NIFTY AROUND 11500-11600 WITH STOP LOSS OF 10850 (CLOSING BASIS) FOR THE TARGET OF 500 TO 600 POINTS IN CORRECTION
THIS IS EDUCATION BASE AND MY PERSONAL REVIEW... CONSULT YOUR ADVISER BEFORE TRADE.....
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AS SAID EARLIER INDEX RETURN FROM MY GIVEN ZONE AND GIVING NEGATIVE IMPACT GUYS MAKE MONEY FROM MARKET DONT LOSS #PROFIT
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NIFTY IS GIVING A SIMPLE AND GOOD BOUNCE BACK FROM DROP OF 270 POINT FROM HIGH
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NOW CLOSING ABOVE 11435 AND OR BELOW 11325 WILL DECIDE HIS NEXT AND CLEAR MOVE
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BY YESTERDAYS CLOSING ABOVE 11435 NIFTY ALREADY GIVEN AROUND 100 POINTS IN UPSIDE AND MOVING DOWN AGAIN
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BY TODAY NIFTY HAS RETURNED FROM TOP WHICH MAKES IT DOUBLE TOP FROM HERE I WILL GO SHORT AND WILL PUT STOP LOSS OF 10850 (CLOSING BASE) FOR THE TARGET GIVEN ON CHART
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WE HAVE SEEN SLIGHT DOWN FROM LAST HIGH
AND TODAY NIFTY HAS MADE NEW HIGH FROM BEFORE WE HAVE TO WAIT AND WATCH FOR SUSTAIN ON HIGHER SIDE OR NIFTY WILL COME DOWN