NIFTY MIGHT HIT AROUND 10700 ,My analysis of nifty for JuneUsing the concept of Elliot waves and NEO waves, considering the Fibonacci retracement and the trend channel, according to my analysis nifty will hit the levels around 10700, the last correction was nothing but a bear trap, i have already bought nifty calls for 10700CE while market was down.
Disclaimer- This is just an analysis please take advise of your advisor before buying or selling anything.
Beartrap
DESCENDING TRIANGLE FORMING IN HDFCBANK BUT WAIT FOR IT NOV FUTDESCENDING TRIANGLE FORMING IN HDFC BANK
BUT WAIT FOR IT
NOVEMBER FUTURES
BEAR-TRAP IN PLACE
BUY HERE MIGHT SEE BOUNCE BACK BEFORE CLOSING TODAY
IF CLOSES ABOVE 1920 THEN
BUY@1910
STOP@1895
TARGET@1955
LOT:250
QTY:3
SECOND TRADE
WE WILL SHORT @THE TRENDLINE WAIT FOR IT
Looks like a bear trap, #Bullish_DivergenceHuge CE OI created on Friday in expectation of very positive OPEC outcome.
Though Oil Prices are rising, things could turn around fast.
If Conditions are met then a huge short covering rally wiil be seen.