NIFTY SPOT LIKELY TO DIP TILL 5310-5340 - UPSWING TGT - Bharti 420 should be sl closing for bulls holding and betting

NIFTY SPOT LIKELY TO DIP TILL 5310-5340 - UPSWING TGT FROM 5310-5340 WILL BE BTW 5530-5580 - CAN ACCUMULATE 5500 CALLS BTW 5310-5340 NIFTY SPOT

 

420 should be sl closing for bulls holding and betting on bharti .... bear ride starts on close below 420 for 20-40 points .... if manage to close above 420 next day .... take an exit from short

 

 

Nifty will bottom out btw 5310-5340
Will post shortly few counters for long
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HOPE ALL MINTING MONEY IN JINDAL STEEL & POWER

NIFTY FUTURE & 5300 PUTS

 

MARKET NOT LOOKING GOOD .... SHOULD FALL TILL 5310-5340

TO FILL THE GAP & TRIANGLE BREAKDOWN 5555-245 = 5310 ....

CAN BUY 5300 PUTS ....

GOOD BET FOR TGT 5310-5340 SL 20 DMA ON CLOSING BASIS

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NOW MANTAIN STOPLOSS FOR SHORT TO 50 DAY MOVING AVG

CURRENTLY 5520 ON CLOSING BASIS ...

EARILER NIFTY WAS TAKING SUPPORT AT 50 DMA

NOW WILL FACE RESISTENCE AT THE SAME

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SL @ 5495 CLOSING BASIS ON NIFTY SPOT

IF CLOSING ABOVE THEN BOOK AND EXIT FROM SHORT

SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340

YESTERDAY AGAIN NIFTY SPOT ON CLOSE MADE BEARISH ENGULFING CANDLE FORMATION

 

ADD + FRESH SHORT ON BREAK BELOW 5555 ON NIFTY SPOT
PLUS CLOSING BELOW 5555 IS MUST - ELSE EXIT
SYMMETRICAL TRIANGLE BREAKDOWN TARGET 5555-245 = 5310-5340

FOR ST CONFIRMATION NEED TO CLOSE BELOW 5555 NEXT DAY TOO

 

SUPPORT @ 5495 ON SPOT BREAK BELOW WITH VOLUME
WILL WELCOME FALL OF 50-70 POINTS IN MINS ONLY

 

 

REGARDS
 

ABHIVANDAN NAGIA
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Thanks and regards,
S.KARTHIKESAN