NIFTY - A downfall is anticipated, Strongly…!

7 Jun

The market rebounded from e- day crash but there is still a room for further correction as mentioned before, the market is expected to test its 50% Ret where the drawn extended T.Line also coincides (21,090 levels).
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)


P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.

Trade accordingly.

9 Jun

Nota

If the market happens to breach 23,338,
look out for 23,490- 23507 levels to act as a strong resistance & the confidence of monthly close being negative is upheld & bolstered (there will be a correction in monthly time frame).

10 Jun

Nota

Risk-averse traders may close the existing position & may take a new sell @ 23520 - 23560 levels,

11 Jun

Nota

The resistance and entry for a short trade will be at 23528 - 23638. The trendline coincides with the extensions

13 Jun

Nota

Today's move will likely be the last in the sequence.

13 Jun

Nota

Pro-active traders can enter the short at 23535 levels

13 Jun

Nota

Watch the morning session closely, touching testing levels 23530-23545-23560.

13 Jun

Nota

HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570

13 Jun

Nota

IMPORTANT: Today will be a negative close if the targets are not tested & the next session will be the final move.

13 Jun

Nota

if the market plunges, the support will be as follows 23318,23157 & 23,035 (strong)~22960.

18 Jun

Nota

This seems to be the day for a correction. watch out for levels 23,585~596 levels (can be expected to rebound in the morning session)

19 Jun

Nota

Recent analysis reveals 2 possibilities,

19 Jun

Nota

Currently, the market has chosen the 2nd possibility,

19 Jun

Nota

the strong support where the final move is expected to begin.

20 Jun

Nota

However, the market is expected to take yesterday's high (by a small margin)

20 Jun

Nota

If the market declines watch out for 23,435 (23,413) & 23,381

21 Jun

Nota

If I am not wrong, the market is expected to test yesterday's low 23,442,432,415.

21 Jun

Nota

Always bear in mind that the market is strictly consolidating (always) preceding a breakout!!

24 Jun

Nota

One final move can be expected to test the previous high before the correction begins but by a minimal margin.

25 Jun

Nota

GIFT & NIFTY are +Ve, expectations of the final move remain valid, the stop is not definitive, and any significant move beyond 23,750 calls for an exit (highly unlikely).

25 Jun

Nota

The ongoing trend for the final move is expected to continue till the previous high is tested (23,667.10~23,674.00)

25 Jun

Nota

Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels.TRADE WITH CAUTION

25 Jun

Dagangan ditutup secara manual

If no short taken yet, hold the tendency to act &

25 Jun

Nota

If taken wait for a better position to exit (with minimal loss)