Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Last week already kissed 5303 level.
From Last 4 Days ,Iam writing Go short in Nifty Future with stop of 5317-5327-5367 level.
-Below 5280 ,My lower target were :5212-5189 level.
-On Friday made low of 5236 & closed at 5249
Now ,What to expect from this level of 5249 ?
7DEMA :5235
Break below this level will take to 5121-5098 in panic.
-Suppose breaks 5098 level with volumes then ?
-Watch Bloodbath upto 5121-5098 in hrs only.
-Hurdles :5270-5274 ,Crossover will take to 5291
Last week already kissed 5303 level.
From Last 4 Days ,Iam writing Go short in Nifty Future with stop of 5317-5327-5367 level.
-Below 5280 ,My lower target were :5212-5189 level.
-On Friday made low of 5236 & closed at 5249
Now ,What to expect from this level of 5249 ?
7DEMA :5235
Break below this level will take to 5121-5098 in panic.
-Suppose breaks 5098 level with volumes then ?
-Watch Bloodbath upto 5121-5098 in hrs only.
-Hurdles :5270-5274 ,Crossover will take to 5291
NOTE
Last week written Auto /IT Index looking weak and just see all Stocks in these sectors were in freefall mode.
This week have a cautious approach and exit long position from Bank/Cement Stocks.
This week have a cautious approach and exit long position from Bank/Cement Stocks.
