trademanthan

trademanthan

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.

trademanthan

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.

trademanthan Updated 

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

trademanthan

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.

trademanthan

Don't wait, short NIFTY,