trademanthan

In short term, there is opportunity to short Bank NIFTY and it can correct up to 1000 points before moving upward. Short @ 30400 Target 29500 - 29000 SL - 30800

Both NASDAQ and NIFTY is forming head and shoulder pattern on weekly chart and there seems to be strong correlation between these two. Both are at top of right shoulder. Two macro economic development 1) ECB lowers growth forecast 2) 20% down in Chinese export due to subdued demand Liquidate positions in equity and invest into debt fund. There will be sharp...

Reliance has formed head and shoulder pattern and now it is at top of right shoulder, this is perfect time to short RELIANCE, there is very less probability to move upward due to this pattern and global sentiments

RELIANCE has formed a perfectly head and shoulder pattern and now it is at top of right shoulder, there is a high probability that it will go down.

For a long while bank nifty is trading in range, today it has reached top of the range, chances of breakout are highly unlikely due to GSP, election and global sentiments. There is a high probability to go down, one can take position in Bank Nifty Put Option Mar Expiry. The upward movement is limited but we can have good downward movement.

The market has moved suddenly upward, there is high possibility of short term correction of 200-300 point. There is strong resistance at current level and possibility of breakout is very unlikely due to global markets and populist measures of government due to election. This is perfect time to short Nifty Future with stop loss 11150. I am expecting 200-300 point down.

Don't wait, short NIFTY,

Reliance has completed its short term correction and it has not crossed the crucial support of 860 even when Nifty Index is reaching new lows every days, Yesterday there was huge short covering, very soon we will see strong bullish rally in Reliance, Nifty has to be in green