NIFTY tested the level of 16900 on spot Today and went very close to the 2nd mentioned Target of 16700. The Complex Pattern Targets have achieved for now. Creating fresh positions from here on would won’t be an easy job. When we have VIX near 22. Let the Market nerves settle down. Before making a fresh view. There could be counter moves on higher side. Personally thinks that fall is done for now. Let’s see. 16500/16700 still remains a key support.
Category: STOCK MARKETS
NIFTY UPDATE
Uncertainty is not a good state to be in. Specially for Markets. NIFTY is giving up. Tough few days coming up for Investors. This time the calculation of the Law of Causation and its Impact is quite difficult. TIME is bearish. Price wise we may test 16900 and 16700 on spot. All in all 16500 should be protected. Let’s see how it goes.
NIFTY UPDATE
NIFTY would stay under the shadow of uncertainty as long as it stays below the zone of 17750/17850 on spot. The low we made on 23rd November would be of greater significance. Not only Price wise but Time wise as well. So a genuine short trade would open only below 17200. On Time front next week 29th and 30th Nov would be Vibration dates. For now NIFTY trying its level best to test the upper zone of the range.
INFY View
INFY. At a sensitive spot in a Price Channel. For Medium Term it has to hold the zone of 1650 to 1680 on cash to test the levels of 1940 and 2080. Short term breakout here is placed only above 1772 for Targets of 1827&1887 Positionally. Conservative Traders be watchful.
NIFTY UPDATE
Look to secure majority of Profits at 17200 we got the Target of 17220 today. Go slow on shorts on current levels. Expecting market to settle down till Thursday
NIFTY UPDATE
NIFTY broke a Complex Pattern Support after April. Once 17390 breaks we might test 17220 and 17000 further on lower side. Rallies shall surely come but might not sustain. As of now better to trade using options. VIX finally had gone up.
NIFTY UPDATE
NIFTY Broke supports on Thursday. No long trade on offer until NIFTY crosses 18070 on spot. BANKS are giving up. Cycle is suggesting zone of 17450/17500 in coming days. Better to sell on rise.
NIFTY UPDATE
NIFTY Has broken its supports Today. But better to avoid a short Trade for now. Because market is falling with thin Volumes. No Trade would be a best Trade for now. Personally interested on a long Trade which would open only above 18070 on spot.
BSOFT Achieved 1st Target
BSOFT. Today achieved the 1st Mentioned Target of 460. View posted on 10th of NOV. A big move was expected here and it came on upside. VIBRATION&HEXAGAN setups were already strong here. 494 also shall be achieved. Above 491 channel targets would be 540.
MARKET UPDATE
NIFTY not ready to give a daily close beyond last Fridays range. So things are where they were. No trend either side as of now. Next major date coming up on Friday. NIFTY still have very strong support in the zone of 17700 to 17800 on spot. On upside 18300 would be a very strong resistance. NIFTY BANK is a Pain Point of this market.. 37700 to 38000 on spot is a point where it should stabilise. Conserne only if these support levels breaks. Until that happens all is well.
