Last ,Monday I had written from Tuesday till Friday will see panic selling across the Globe.
-And u can see it was freefall.
-In just 22 sessions ,NF had crashed from 5398 to 4976.
-On Friday given a hint about 22 days and we can see U-turn in Market.
-Remember support was at 4965-4960 ?
(Always read between the lines and rememeber mentioned levels )
Now ,What to expect from this level ?
Now if closes below 4986 level for 3 Consecutive days then watch another round of panic.
My Target below 4986 :4849-4803.
Today ,If not breaks low of Friday (4976)and remains above 4999 level.Then expect rally upto 5070-5092 level.
-The reason for Rally will be EU package only.But as a trader u should take advantage.
-Laxman Rekha at 7DEMA :5133.
Suppose crosses and closes above 5133 level then ?
-Rally will Continue upto 5162-5185 level.
-Falling Wedge indicates ,before breaking Friday’s low….expect sharp rally.
-Always remember against Trend Mkt move for maximum 3 days.
I personally think by Tomorow after or early Wednesday……..Bulls will lose control and then again panic will selling will start.
-Rally will Continue upto 5162-5185 level.
-Falling Wedge indicates ,before breaking Friday’s low….expect sharp rally.
-Always remember against Trend Mkt move for maximum 3 days.
I personally think by Tomorow after or early Wednesday……..Bulls will lose control and then again panic will selling will start.
