Nifty 50 Indexשורט
NIFTY - A downfall is anticipated, Strongly…!
מעודכן
The market rebounded from e- day crash but there is still a room for further correction as mentioned before, the market is expected to test its 50% Ret where the drawn extended T.Line also coincides (21,090 levels).
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)
P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.
Trade accordingly.
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)
P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.
Trade accordingly.
הערה
If the market happens to breach 23,338,look out for 23,490- 23507 levels to act as a strong resistance & the confidence of monthly close being negative is upheld & bolstered (there will be a correction in monthly time frame).
הערה
Risk-averse traders may close the existing position & may take a new sell @ 23520 - 23560 levels,הערה
The resistance and entry for a short trade will be at 23528 - 23638. The trendline coincides with the extensionsהערה
Today's move will likely be the last in the sequence.הערה
Pro-active traders can enter the short at 23535 levelsהערה
Watch the morning session closely, touching testing levels 23530-23545-23560.הערה
HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570הערה
IMPORTANT: Today will be a negative close if the targets are not tested & the next session will be the final move.הערה
if the market plunges, the support will be as follows 23318,23157 & 23,035 (strong)~22960.הערה
This seems to be the day for a correction. watch out for levels 23,585~596 levels (can be expected to rebound in the morning session)הערה
Recent analysis reveals 2 possibilities,הערה
Currently, the market has chosen the 2nd possibility,הערה
the strong support where the final move is expected to begin.הערה
However, the market is expected to take yesterday's high (by a small margin)הערה
If the market declines watch out for 23,435 (23,413) & 23,381הערה
If I am not wrong, the market is expected to test yesterday's low 23,442,432,415.הערה
Always bear in mind that the market is strictly consolidating (always) preceding a breakout!!הערה
One final move can be expected to test the previous high before the correction begins but by a minimal margin.הערה
GIFT & NIFTY are +Ve, expectations of the final move remain valid, the stop is not definitive, and any significant move beyond 23,750 calls for an exit (highly unlikely).הערה
The ongoing trend for the final move is expected to continue till the previous high is tested (23,667.10~23,674.00)הערה
Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels.TRADE WITH CAUTIONהעסקה בוטלה באופן ידני
If no short taken yet, hold the tendency to act &הערה
If taken wait for a better position to exit (with minimal loss)
Best Regards,
WDG_Dinesh_Gengarajan
Full-Time Analyst, Trader & Trainer
For learning, visit Wiz-Brains Online Trading Academy
Unlock free courses and face the markets with confidence! @ wiz.leadbrains.com
WDG_Dinesh_Gengarajan
Full-Time Analyst, Trader & Trainer
For learning, visit Wiz-Brains Online Trading Academy
Unlock free courses and face the markets with confidence! @ wiz.leadbrains.com
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