$nifty50 - PlanB
Hola Folks,
looking back NIfty50 under the 200 ema has always been a value buy and once the chop is over and sentiment is better, we should go on to make a new ATH
23660ish the zone to flip for confirmation imo
Let's assume Plan A as per earlier Nifty post falling wedge and on LTF the 3 tap does not play out and we lose our current support then in this scenario am looking for a possible VWAP and previous range low tag as one zone for reversal
Plan C is a Black Swan and we go sweep 18k which took 2 years to flip so should hold like titanium
Keeping that in mind as our worst case scenario shall free up some cash by wednesday ( Assuming we try for the trend line above )
Dollar dumping gives me hope that we do not get the black swan just yet and get some relief over the summer
RSI looks oversold but can stay like that for a while if it wants so need it to start curling up
looking back NIfty50 under the 200 ema has always been a value buy and once the chop is over and sentiment is better, we should go on to make a new ATH
23660ish the zone to flip for confirmation imo
Let's assume Plan A as per earlier Nifty post falling wedge and on LTF the 3 tap does not play out and we lose our current support then in this scenario am looking for a possible VWAP and previous range low tag as one zone for reversal
Plan C is a Black Swan and we go sweep 18k which took 2 years to flip so should hold like titanium
Keeping that in mind as our worst case scenario shall free up some cash by wednesday ( Assuming we try for the trend line above )
Dollar dumping gives me hope that we do not get the black swan just yet and get some relief over the summer
RSI looks oversold but can stay like that for a while if it wants so need it to start curling up
Uwaga
LTF VIEW liquidity on both sides of range so as long as we do not close below or above .. direction still pending still recon we near a reversal the more we slice through levels the longer the recovery shall take to reclaim them .
Uwaga
Plan A still looks in play ..
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