NIFTY wild swing, fortunately closes above 20 dma,
USA market closed with no major loss.
Asian markets were also more or less stable.
however European market had a declined day.
nifty drifted lower and went below the median line and bounced to close just above 20 dma(sgx nifty closing price showing much recovery)
there is 80 percent probability that price touches median line in case of pitch fork.
there is probability that the price can touch lml (lower median line too).
if nifty price violates Friday's low further down side is possible.
now position should be cautious.
selling below once Friday's low is violated may be on the cards.
at present pharma sector seems to be safe bet.
auro pharma is at its support.
in case of indices it seems when price is trending high bears are able to push it back.
only if nifty closes above uml(upper median line) we can say break out of nifty has taken place.
don''t forget to like my post.
follow me to get such updates
Asian markets were also more or less stable.
however European market had a declined day.
nifty drifted lower and went below the median line and bounced to close just above 20 dma(sgx nifty closing price showing much recovery)
there is 80 percent probability that price touches median line in case of pitch fork.
there is probability that the price can touch lml (lower median line too).
if nifty price violates Friday's low further down side is possible.
now position should be cautious.
selling below once Friday's low is violated may be on the cards.
at present pharma sector seems to be safe bet.
auro pharma is at its support.
in case of indices it seems when price is trending high bears are able to push it back.
only if nifty closes above uml(upper median line) we can say break out of nifty has taken place.
don''t forget to like my post.
follow me to get such updates
Komen:
of course BHARAT FORGE AND ASHOK LEYLAND well in my target though I have not posted them.
hitting the targets with consistency..