Indeks Nifty 50Short
NIFTY - A downfall is anticipated, Strongly…!
Zaktualizowano
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.
Uwaga
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).
Uwaga
Risk-averse traders may close the existing position & may take a new sell @ 23520 - 23560 levels,Uwaga
The resistance and entry for a short trade will be at 23528 - 23638. The trendline coincides with the extensionsUwaga
Today's move will likely be the last in the sequence.Uwaga
Pro-active traders can enter the short at 23535 levelsUwaga
Watch the morning session closely, touching testing levels 23530-23545-23560.Uwaga
HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570Uwaga
IMPORTANT: Today will be a negative close if the targets are not tested & the next session will be the final move.Uwaga
if the market plunges, the support will be as follows 23318,23157 & 23,035 (strong)~22960.Uwaga
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)Uwaga
Recent analysis reveals 2 possibilities,Uwaga
Currently, the market has chosen the 2nd possibility,Uwaga
the strong support where the final move is expected to begin.Uwaga
However, the market is expected to take yesterday's high (by a small margin)Uwaga
If the market declines watch out for 23,435 (23,413) & 23,381Uwaga
If I am not wrong, the market is expected to test yesterday's low 23,442,432,415.Uwaga
Always bear in mind that the market is strictly consolidating (always) preceding a breakout!!Uwaga
One final move can be expected to test the previous high before the correction begins but by a minimal margin.Uwaga
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).Uwaga
The ongoing trend for the final move is expected to continue till the previous high is tested (23,667.10~23,674.00)Uwaga
Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels.TRADE WITH CAUTIONZlecenie zamknięto ręcznie
If no short taken yet, hold the tendency to act &Uwaga
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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