Hi ALL
After a long time nifty closed at 10378.4(below 100ma) and immediate strong support for nifty is at 10066 (200ma). Market is expected bounce back from 10066(200ma)(turn to uptrend at 200ma). failing which further downtrend(20ma will cross 100ma) lead market to fall to the level of 9310.
Thank you
Raju
Nifty Jet Planes are get ready to fly and current status on standby mode. Waiting for confirmation signal of breakout and whichever the breakout signal happen, particular jet plane will start to fly and mission target of 11000.
Watch the levels for breakout,
Breakout level 1 - 10325 (Jet plane 1 on board)
Breakout level 2 - 10285 (Jet plane 2 on board)
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We can see the bearish pattern as indicated on the charts. Any close below 7950 especially on the weekly charts will set nifty up for a massive slide towards 7200 levels. GDP forecasts have been cut and the Global Markets look overheated. If the global indices correct we could massively underperform. Watch out for the portfolio in these times. Lot of trasders can ...
