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Supportnifty

Nifty : Beginning of the End ?!When Nifty formed that Double Bottom around 7800's most of the retail traders would be suspicious or even thought it might go down a bit bcos we have seen so many double bottom;s fail, so now also it will fail, but what happened after that was exemplary bull run to 10k's & Many don't forgive themselves even now for not buying there. So Buying at Exact Lows & Selling at Exact High for a Retailer is a Myth ! Even if you disagree, Yes, its a Myth ! All You can do is only catch part of the bull or bear run, that itself more than enough. Now here in Nifty, Same way as buying at 7800's missed, this 10k's something is the high for the year ? Well, there are two theories : i) If Support is either taken at 9900's & 9700's and bounce till 10300 is expected. ii) If the above support zone is not respected then this is Beginning of the Bull Run End ! By the way, As we speak ,Nifty opened exactly as per our expectations if reversal happens around our 9900's zone, Get Longs, if Broken yes aim for 9700's with ranging around 9800's & We all know this is not single day scenario ! Happy Trading Err... Winter is Coming !
NSE:NIFTYShort
by InsiderB
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