bijoy2526

NIFTY flips at the channel line and target 3

Short
NSE:NIFTY   Nifty 50 Index
Perfectly drawn channel and decided targets.
nifty open is high perhaps, touches the upper line of the channel and target 3
and quickly changes direction and touches 5 dma and closes below it.
clearing signaling some pull back is taking place.
short term trend is down ward definitely. may not take place tomorrow or may take place too
as FII cash market buying is showing very low and DII selling figure more.
as Thanks giving day ahead FII may not be active tomorrow too.
let us see what happens tomorrow(of course today as it is mid night already and 26 th).
Comment: don't forget to like my post.
Comment: not clearing above it should be clearly.

Comments

AS USE-VAL NIFTY TOOK 1.5 DAY CORRECTION & MARCH AHEAD TILL IT SHOW 2 SUCCESSIVE LOWER CLOSE & CLOSE BELLOW 11740 NO BIG CORRECTION WILL HAPPEN.
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Will nifty fall more ? or take bounce back towards 13200++ ??
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bijoy2526 Tradee1
@Tradee1, specifically I can not say ..short terms it appears negative.
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