Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )
Yesterday ,I had written in panic Nifty Future will slide upto 4997-4973 level.Just see it kissed5004 & taken U-turn.Our Hurdle was at 3DEMA -5072.(Just see it kissed 5072 & crashed sharply )
As written yesterday Bank Nifty was in Freefall mode ,Refinery Stocks …panic selling started (Bearish since last friday )
Now ,Yesterday’s low very crucial.
Break will take to 4997-4973
Triangle Target :4950
Hurdles :7DEMA
Today ,It will have to cross Yesterday’s high of 5072 then only will show power.
I want it should cross 5079 ….then will some power.
But will halt at 5096-5107 level.
Any Rise ,Sell around 5080-5090 level (Stict stop :5107 ) So your risk will be of just 10-15 points.
Support exist at 5021-5011-4997 level.Once breaks 4997 it will create panic selling.
Bank ,FMCG ,Real Estate Stocks …Looking weak
Reliance /ADAG Stocks :No charm at all.
Refinery Stocks :Honeymoon over ,Sell on Rise…..!!
Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )
Yesterday ,I had written in panic Nifty Future will slide upto 4997-4973 level.Just see it kissed5004 & taken U-turn.Our Hurdle was at 3DEMA -5072.(Just see it kissed 5072 & crashed sharply )
As written yesterday Bank Nifty was in Freefall mode ,Refinery Stocks …panic selling started (Bearish since last friday )
Now ,Yesterday’s low very crucial.
Break will take to 4997-4973
Triangle Target :4950
Hurdles :7DEMA
Today ,It will have to cross Yesterday’s high of 5072 then only will show power.
I want it should cross 5079 ….then will some power.
But will halt at 5096-5107 level.
Any Rise ,Sell around 5080-5090 level (Stict stop :5107 ) So your risk will be of just 10-15 points.
Support exist at 5021-5011-4997 level.Once breaks 4997 it will create panic selling.
Bank ,FMCG ,Real Estate Stocks …Looking weak
Reliance /ADAG Stocks :No charm at all.
Refinery Stocks :Honeymoon over ,Sell on Rise…..!!
