Last chart was posted on 21st September with prediction that market is going to correct by 38% (10300- NIFTY SPOT).
This level is tested 8th and 9th October and 10th October it started UP movement. Please note our trend is DOWN and todays move is only Pullback.
Tomorrow also expecting UP move by 100 Points to 10550.
If NIFTY starts down movement from 10550, then probably we will find start of further down movement (10100 to 9920).
Short opportunity @ 10500-10550 level
Buy opportunity @ 10100 – 9950 level.
Trade with stop-loss.
This level is tested 8th and 9th October and 10th October it started UP movement. Please note our trend is DOWN and todays move is only Pullback.
Tomorrow also expecting UP move by 100 Points to 10550.
If NIFTY starts down movement from 10550, then probably we will find start of further down movement (10100 to 9920).
Short opportunity @ 10500-10550 level
Buy opportunity @ 10100 – 9950 level.
Trade with stop-loss.