BULLISH VIEW
BEARISH VIEW
FIBONACCI LEVELS
- DOW JONES Closing price is the lowest close for this year
- The inverted head and shoulders pattern in nifty might save the bulls.
- But in the bearish view we have a break down from a rising wedge targeting at least 4800.
- crucial fibonacci levels are 5020 and 4930 that is the 38.2% retracement and 23.6% retracement which may give support
hi san thanks for the charts....san what is the target for the INVERTED H&S PATTERN if it plays out....
ReplyDelete@Wormwood34
ReplyDeleteIt is targeting above 5400. But seeing the world market situation there is very little chance for this pattern to be successful.
So play long with high caution.
Thank You
thanks san for ur answer
ReplyDeleteHi San
ReplyDeleteI am holding nifty fut 5090.
Shall I hold it for this week.
Kindly reply
Hi San
ReplyDeleteI am holding nifty fut 5090.
Shall I hold it for this week.
Kindly reply
@sryasdmurali
ReplyDeleteI know when you took this trade you had asked me and raja sir the other day.
So i would suggest you to have trailing stop loss always. My policy is never let your profits turn in to loss.
I am sure this trade you took should have been in profit for some time at least. But unfortunately we had a gap down yesterday.
So the only thing you can do is sell into the rally's right now one is going on in nifty spot to fill yesterday's gap. I would suggest you to exit when nifty spot reaches 5080 or 5085 with a small loss.
Of course i may be wrong nifty can see new highs But i am suggesting this because of the world markets situation.
if we creat short at 5085 NC wht should be SL
ReplyDeletemany thx
@LALIT
ReplyDeleteSTOP LOSS 5120
New post with nifty hour chart is updated
ReplyDelete