Boult2100

Boult2100 Updated 

Nifty stuck in downward channel. Took some Positional shorts at upper end with SL 8750 Spot. Let's see how it goes. Various factors are pointing out an impending sell off in Global Equities. Dollar Index reaching 100 (bad for emerging mkts), Fed rate hike in Dec (Fed Futures probability 70%), US elections drama, continuous selling by FII's in India (in both Cash...

Boult2100 Updated 

HDFCBank might have completed its correction at 1224 (end of 5th downwave). New uptrend quite possible, may go for double top at 1320 coinciding with Nifty's DT at 8980-9000 & Bank Nifty's 20600. Let's see. Today's closing should be above 1240 (89 DMA) making hammer on daily charts & with upside tomorrow resulting double hammer on weekly charts. Long positions...

Boult2100

Nifty can go to 8800 even if this is a corrective wave. Caveat: 8500-8550 should hold.

Boult2100

Even if this uptrend is a corrective one, profits will be made on the long side till 1270-80.

Boult2100 Updated 

Nifty might have started a new uptrend with a target of previous highs 8980-9100 zone. 1st pullback should be in the 8600-8630 zone then go to 8820-50 zone pullback again to 8720-8750 finally to ATH.