On 6th Jan kissed 5303 & started falling.
From last 15 days writing to go short in nifty with a s/l of 5327- 5367
Yesterday written below 5189 level it will crash to kiss 5121-5098.Just see in single session only made low of 5073 & closed at 5084.
Now ,What to expect from this level of 5084.
-Below 5098 will crash to kiss 5030-5007 level.
-Suppose Breaks 5007 level with volumes then will slide upto 4937-4914.
-Hurdle at 3DEMA -5156 ,7DEMA -5198
Today is 13th Day from high of 5303.
-Will it hit low and take U-turn ?
-If not then slide to continue for next 8 sessions ?
Bollinger Band indicates :Today don’t panic @ lower levels.Sharp jump not ruled out from 5030-5007 area
