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Niftyshort

NIFTY SHORT @11135 for Continuation for Weekly and Monthly TrendHaribol, Looking to short nifty at these levels . I find it a good enough place to short in anticipation of coninuation of the Long term trend. For Elliot Wave lovers , In my Opinion it is completing a Motive wave subcycle and another one may start. The C wave seems too bullish for me and it more often than not means the Big guys want the Retail Traders to place buy trades.( You know why) :-) I may be wrong here so take it at your own risk. Good Luck
NSE:NIFTYShort
by VahniTrading
Nifty will test 9200 level The trend analysis done using few major support lines on daily chart , we are looked into major support/resistance trend line of market cycle trend, long term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend running since Oct'18 and same for Feb'16. Since than it started downward movement and touched bottom of 1 channel in early July at 11,461 (touching bottom of its up trend continuing since Oct'18.), touched bottom of 2nd channel on 1st Aug. at 10,950 (of its up trend continuing since Feb’16.). If it break this 11850 level/ Support it will continue to 9,200. Short position can be opened if 11850 level is broken by Nifty on closing basis, it means nifty has to close below 11,850 for opening short. Trading Price 10,862 Target1 10100, Target2 9500, Target3 9200 Stop Loss 11,300 Do your own research and if this matching with mine then you are ready to go! Please, take a second and support my effort by hitting the "LIKE" button, thats the only fee from You! And Follow me if you like my ideas.. Please check out other idea I published on stock, you will be amazed with targets I have given and achieved those with 95% accuracy till now.
NSE:NIFTYShort
by AnkitSalgia
20