Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box.
Statement (3): From the timeCycle, approximately move projected by (A),(B) and (C).
As per channel, the main support is 10525 below where...
stop loss 628
don't short now wait for pull back
wait for pull back till 600 to 620 range.
1st target 548
2nd target 511
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Kindly contact financial advisor before taking position/decision.
Nifty had a small upthrust above 11760 resistance before it started its downtrend. It held 11550 level for some time and then broke down. My hypothesis is that It may hold 11200 for a week or so and then go for the retest of potential support zone (10900-11100). As the volatility is high, smooth price action should not be expected.
Historically speaking, we had a...