nalinakshi

nalinakshi Updated 

so be careful going short

nalinakshi

so look outfor going lonng

nalinakshi

why? + DMI is slightly above the negative DMI. Indecisiveness because strong selling took place at the level of 10045. And also here there is resistance,probably DII will put strong muscle power to go past this, slight tug of war will be seen between bears and bulls. so quiet naturally some retracement. i feel this time nifty will surpass the previous...

nalinakshi

so you can go long to the jtarget of 608

nalinakshi Updated 

Srf keeping stoploss of 1510 go long, , once it crosses 1640 you will see huge brekout to the upside.

nalinakshi

if nifty trades below 9948 then you wil see the levels of 9921

nalinakshi

you will see 10037

nalinakshi

if it successfully breaks above this level, then you will see more upside, otherwise, it will lretrace down

nalinakshi Updated 

still no trend, but positive DMI is abpve the _ve DMi

nalinakshi

10037 is the target, one should be cautious at this level, as it is the resistance area,if this bump is crossed, you will see nifty going up smoothly, and the next hurdle is 10085 lwhere the nifty broke down

nalinakshi

then it lkwill continue its upmove,

nalinakshi

watch out for this level , if it doesn,t sustain then it may go upto 500 and 482

nalinakshi

you may see turnaround at these levels, ,if not you will see more correction

nalinakshi

expect correction to 408

nalinakshi

sreach the target of 394

nalinakshi

It is struggling . facing resistance at every level.

nalinakshi

either way it is good, if it retraces , it will become strong to go ahead and stouch 10020

nalinakshi Updated 

Though I am not pattern trader, it caught my eye of ascendinng triangle forming sun tv, it is showing higher lows, ,one lcan look for price action for confirmation.