The fall for nifty has just started, short it as soon as it breaks today's low of 11615 with a stop-loss at 11700 with a target of 10500 in the coming days ! Keep Trailing your stoploss and keep re-entering at every intraday high ! In the coming months, am seeing nifty around 10000-9500 range before starting the next phase of our bull run.
Risk:Reward = 1:13
The fall has just begun ! Short banknifty as soon as it breaks todays low of 30297 and keep a stoploss at 30409 with a target of 28500 over a few days !
Risk:Reward = 1:16
once reached our target will revise the new targets again !
In the coming months we will see Banknifty around 27500 levels.
Markets will fall in coming months, RSI is showing a clear Negative Divergence on the monthly chart. 10 yr long Bull Run needs to end before we start the next phase of our markets.
ICICI & KOTAK Bank are almost up by 2% in the first hour which caused the spike in BankNifty but still it failed to break 30512 at the moment which is a strong resistance breaching it will trigger long again. At the moment (10.59 AM) all the four heavy weights of banknifty i.e. hdfc, icici, kotak and axis comprising 70% weightage of the index are experiencing...
Nifty forming a dark cloud cover candlestick pattern with RSI giving a negative divergence. So short nifty when it breaks today's low and keep stop loss at today's closing.
Dark Cloud Cover a bearish reversal candlestick pattern formed with RSI showing a negative divergence. Keep a stop-loss of today's closing and enter when breaks today's low.
