Last time when Nifty was at 14800 we felt that Nifty may not go below 50 day EMA
and felt it could be a buy on dips market.
- however currently Nifty is trading below 20 day & 50 day EMA
- RBI special announcement event with regards to Banking support done
We were cautious and went for a conservative strategy of selling Nifty 06 May expiry...
What a fall as suggested to be careful close to the tops of 4550 -just surpassed & made new high to only trap the bulls - post the idea was published in Sep 2018 as mentioned below. click the chart / idea to refer last one.
What Next ?
Going below 830 Lows -
It starts next downward cycle for target 350-400 & below 350 for 140-150 below 90 -It will be...