NIFTY - A downfall is anticipated, Strongly…!

7 Haz

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 Haz

Not

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 Haz

Not

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

11 Haz

Not

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

13 Haz

Not

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

13 Haz

Not

Pro-active traders can enter the short at 23535 levels

13 Haz

Not

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

13 Haz

Not

HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570

13 Haz

Not

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

13 Haz

Not

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

18 Haz

Not

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 Haz

Not

Recent analysis reveals 2 possibilities,

19 Haz

Not

Currently, the market has chosen the 2nd possibility,

19 Haz

Not

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

20 Haz

Not

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

20 Haz

Not

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

21 Haz

Not

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

21 Haz

Not

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

24 Haz

Not

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

25 Haz

Not

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 Haz

Not

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

25 Haz

Not

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 Haz

İşlem elle kapatılmış

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

25 Haz

Not

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