From last 15 days indicating 5566 is Laxman Rekha for NF.
-Made a high of 5398 & crashed.
On Friday ,I had written :
Weekly chart indicating below 5352 level and not crossing high of 5398 will take to 5215-5169 level in this panic.
And Three consecutive close below 5169 then next target 5032-4986.
Now ,What to expect ?
Friday close :5263.
Now ,While updating SGX Nifty is trading at 5184.
What to expect ?
-Support area 536-5223.(it was mentioned on Friday too )
-Below 5223 will kiss 5180-5167 level in panic.
Intraday Traders ,Watch 5180-5167 level very closely.
-Two consectuive close below 5169 will take to 5032-4986 level in panic.
(A Complete correction from 4667-5398 level )
-Support area 536-5223.(it was mentioned on Friday too )
-Below 5223 will kiss 5180-5167 level in panic.
Intraday Traders ,Watch 5180-5167 level very closely.
-Two consectuive close below 5169 will take to 5032-4986 level in panic.
(A Complete correction from 4667-5398 level )
Hurdles for Traders at 3 & 7 DEMA
-5285,5306 level.
*My Mantra from last 10 days ,Don’t buy any Sensex or Nifty Stock.
-5285,5306 level.
*My Mantra from last 10 days ,Don’t buy any Sensex or Nifty Stock.
