bijoy2526

bijoy2526

buy nifty with proper stop loss

bijoy2526

Let us watch..profit booking or still some advance left.

bijoy2526

Yes bank has been in bear stage with good results it is going to fill up the gap. how ever with slightest deviation bears will enjoy no doubt. Expected levels in the chart. Yes bank price likely go to 108-111 in the beginning

bijoy2526

Nifty has crossed the resistance at 11633. ABCD pattern seems to have developed in nifty. Possible targets shown in the chart. As so many factors affecting now a days Trading should be done with proper stop loss.

bijoy2526

how ever handle retracement is 23.6% of shallower cup. let us see if this patterns hold...if holds higher level may be expected

bijoy2526 Updated 

please see attached chart. cheers

bijoy2526

position neutral unless nifty takes out today's high

bijoy2526 Updated 

look for up datess

bijoy2526

Long nifty

bijoy2526

long nifty

bijoy2526

trade to be done carefully

bijoy2526

let us watch

bijoy2526

it seems target 2 may be achieved

bijoy2526

let us see if nifty bounces or touches the down trend line filling up the gap.

bijoy2526

Nifty facing selling pressure at the previously support now resistance line. Breaking of imp trend line may take nifty to lower level.

bijoy2526

Bangs at the second target.

bijoy2526

Nifty if unable to hold 11468 first it will go down to fill the gap to 11428. It seems it is retracing from a previous bull run and bull run still correct. if nifty unable to break 11468 it may bounce temporarily It may go down 11270 which is another strong support if it breaks 11468 decisively. let us see its moves.

bijoy2526

1- It seems nifty is retracing from a prior bull run.and still bull run is in tact. 2-Nifty has strong support at 11468. 3-If it breaks this decisively nifty may fall to 11267. 4-Nifty yet to fill the gap may go down to 11428 to fill up the gap. 5- if it is unable to break 11468 it may bounce from here temporarily.