Nify and Sensex had its 4-5 days of consecutive falls.With DOW induce pause in between for a day or two, flat or mild up move[dead cat bounce] till the nick line around 2800 that will invite heavy shorting of futures again as it is certain that having broken out of the major triangle during last week.
Having breached the neck line or support at 2810, nifty is all set to reach 2600 levels.Nifty is to retest and breach the October lows of 2252 by mid or end of this month.
Every rise is being met with ruthless shorting of futures and writing for higher option calls.
Having breached the neck line or support at 2810, nifty is all set to reach 2600 levels.Nifty is to retest and breach the October lows of 2252 by mid or end of this month.
Every rise is being met with ruthless shorting of futures and writing for higher option calls.
TRADERS MUST BE PREPARED FOR SOME DECEPTIVE DOW INDUCED GOOD RISE IN BETWEEN TO TRAP SHORTERS.
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