Nift took support yesterday from the daily long running channel.. can continue in this cannel for some days..
weekly view for Nifty...expecting money outflow to USA..it may fill the gap at 20k in Nifty in future before continuing the up trend..
Target of 24075 in nifty...bearish now... Fiblevel 2.618 will be below 24k, but we will got for 24k as target for safer side..
Our top was at 2.618 levels..now another down fall to 23800 as final reversal levels..
With FII with further 8% shorts today ..retracement to upper side may be limited to .382 or max .5 and can fall immediately ..
we need to see how this support will work out for Nifty..
Nifty retracement possible.. 50 and 61.8 will be a sell on rise scenario...
FII today more on equity selling , 9000 crores selling.. can expect to retest the trendlines..long positions closed by FII..
One rejection expected at 2.618 levels..with FII long today we should expect to cross the 2.618 for the target of 3.618..
Nifty channel in daily chart, can this be a possibility to again test the resistence levels of the channel...
Nifty chart, very bullish, not giving chance for retailers to buy on dip, not giving chance for shortcovering.. Typical bull market...
FII closed their huge bearish positions today .. can easily continue the rally..
Nifty can take a retracement.. as the 26k touched and expecting profit booking..
Nifty in a parallel channel,, it can move to the upper or lower .. most chance for upper channel.. market staying in ATH indicating further move possible..
Market structure based resistence support for Nifty..expecting to continue the up move with minor retracements.. overall bullish ..
Target of 1.3 and 1.6 .. last line support for the bulls... below the trend line Bearsih with two 15 mint candles close..
Market above 1.30% now without any downmovement Target of 25750. was expecting a down movement then the target of 25750 , as per todays set up..new target 25750
Nifty Movements in 1.3% in this month, every retracement goes up to 130% then correction for another 130% down..then new uptrend...