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NIFTY LOOKS BEARISH (Short Trend) Analysis on Nifty FUT

Short
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Date 15 Monday Trading Plans


View: Bearish

Why Bearish View?

Nifty is in the consolidation phase consolidating between 15436 and 14520. On Friday(15th March) we can see buying exhaustion and a good volume of supply near the top of the consolidation range. So the rule of trading in a sideways market is BOD and SOR (Buy on Deep or Sell on Rise) so it might drop till 14500 in the coming trading session.

Why it Might Drop?

From the market context, we can see the lows that are making by previous trading sessions are very weak (weak low) and (making poor low from market profile context) weak buyer(impatient buyer) need to be taken out and repair.

DISCLAIMER:
This is only my view for the coming trading session on NIFTY please consult your financial advisor. Market Can Do Whatever They Want Please Don't Try to Fight With Market.

Comments

On daily chart the candle is also a bearish engulfing candle so wait for confirmation.. But still uptrend is not yet broken and still uptrend is intact..
+1 Reply
@Ab0099 it's for intraday view not for long term view
Reply
amitrathore872 barunwahengbam2
@barunwahengbam2, you are right!!
+1 Reply
@amitrathore872 did u make money out of it
Reply
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