Crucial levels for bounce or trend revers : 7708-7701 spot.
7701-7596 spot is crucial for more down moves.
If fails to take support at the above mentioned levels, then, expect a slide towards 7449 levels. Do not try to buy for the bounces. Wait for a rally to Buy again. Safe TRADERS do intraday only between 7777-7708 spot levels. (No overnight Short/Long). Trade lightly between these levels.
If mange to hold these levels 7708-7701 for whole day..then cam move towards 7817-7822 Spot. We are not expecting Bullishness in coming days. In daily chart , 4th wave are running and its difficult to predict and trade.
I guess nifty will achieve 1-2-3-4-5 pattern around 8830-40, before going for A-B-C to touch 7700 on expiry?
ReplyDelete8830-40 its a dream target ..this possible only abv 8022 Spot .
DeleteI guess it will complete 5th wave tomorrow, and then ABC might start
DeleteIntraday Nifty touched @7718 dot to dot ..... Dear Traders book all longs...
ReplyDeletesorry !!! it was mistake Update ... It should 7818
Delete7718?
ReplyDeletesir was 7818, ... 7718 was type error
Deletesir was 7818, ... 7718 was type error
Delete