*heavy selling pressure in nifty near 17350-17360 in futures *market will remain in selling pressure below 17400-17430 (no trade zone) *after usa market accenture result IT SECTOR can provide stability *but i will not be in shock that the initial hour rally will be sold into *rising usd/inr good for IT sector(over valued)/bad for financials *ecb raising interest will have negative impact on markets(financials) *you saw what happened in usa market one day positive rally got sold into *develop markets will attract institutional money in fix interest instruments *Fii selling pressure may continue you may see one odd day of buying but selling will continue *Rising inflation is a worry all over developed nations *Rising covid cases all over the world is good for stock markets
OVERALL OBSERVATION *MARKETS CAN TAKE A BREATHER AND SUCH IN THE BAD NEWS *CORRECTION IN INDIAN MARKETS TILL 16000-16300 CANNOT BE RULED OUT *IT TAKES A LOT TO TURN ME INTO A BEARISH TRADER(MY PERSONAL VIEW) *THIS VIEW OF 16000-16300 WILL BE OVER ONLY IF NIFTY CLOSES ABOVE 17630(WEEKLY BASIS) *THIS IS MY PERSONAL VIEW NOT RECOMMENDATION
NIFTY TRADE POSITIONAL SHORT@17230(BELOW) STOP@17370 TARGET@17070-16980-16850 *initial view if index breaks below 16850 and closes below it *then target will be raised further down towards 16300-16500
NOTE *once in profit and first target is achieved *trail your trade to short price so it becomes no profit no loss trade *do not overtrade *for more index and stock updates check the link in the signature box below *shorts are active already check out the link 👇👇👇👇👇👇👇👇👇
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FIRST TARGET REACHED 17030 TILL NOW 200 POINTS DONE NOW NOW THOSE POSITIONAL TRADERS STOP IS SHORT ENTRY PRICE SO YOU CAN STAY POSITIONAL WITH THE FEAR OF LOSING MONEY
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ALL THREE TARGETS HIT NOW LOOKING FOR 16300-16500 🙏🙏🙏🙏🙏
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BOOKED COMPLETE@16450 MORE THAN 800 POINTS PROFIT 🙏🙏🙏🙏🙏
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