Writing since last 1 month :
Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
From Last 6 Days ,I was writing Go short in Nifty Future with stop of 5317-5327-5367 level.
Now ,What to expect ?
Just have a eye on 5189 level.Decisive break below this level with volumes /stays below this level for 5-10 minutes.
-Sell Boldly and remain short.
-Nonstop slide upto 5121-5098 not ruled out.
-Hurdle at 5233 (3&7DEMA )
-Remember Last week ,I had written Bollinger indicating to have cautious approach and slide for 3-5 sessions on card ?
-Just see kissed 5303 & crashed !From last 5 sessions writing Sell Sensex/Nifty Stocks.
-Boldly written to exit from Bank Stocks/Bank Nifty ..what happened ?
Intraday Crucial support at 5146 ,break below this level my targets of 5121-5098 not ruled out.
-A very Volatile session on card.
Hfcl: Watch out 12.12 level , if crosses with volumes then 100% will hit freeze.
