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NIFTY Performed on Monday:
Nifty extended losses to more than 1 percent on Tuesday afternoon after the country’s top lender, State Bank of India, reported an unexpected sharp plunge in quarterly net profit. The markets continue to trade in the negative with S&P CNX Nifty down -60.05 points or -1.09 % at 5438.95.
Positional Trend with Levels
Just watch closing…5459 below…!
Suppose to happen this one….then Targets of Position will be 5366-5321 for traders of short term
Note: This pull is not believable for ending of Bearish Trend but also not confirmation of Bullish fully
Small Risk Opportunity in ADVANCED (Base of Hourly oscillators) : Selling levels 5611-5629 and Short Term Targets will 5536-5476, if trades 5630 above for 10minitues…then Exit from Short Position
(Please, Note that we are long with nifty future as mentioned above paragraph, yet we try to book profit 5584 above)
Keep Patience of Accurate single and our levels
(New update will be below 5440 only)
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Technical Data-Sheet on NIFTY:
Last (17/05) close@5439 (-60 points)
Last high@5523 low@5421
Weekly high@5605 low@5421
5-DAY RSI 28 AND 14-DAY RSI 36.
Prediction of MoneyMunch.com Intraday
Refresh your memory…?
On Friday, We sold NIFTY Future 5611-5629…! And Given Targets 5476 to subscribers and yahoo Group me.
Target achieved on Tuesday with Touched 5422
Yes, you can still hold with stoploss 5429 and Read below msg…!
What for Today…?
Disclosure: Yesterday followed exact our strategy,…Sell 5509-5521 and touched targets 5422
NIFTY can Open 5463-5471
Just watch sell
Selling Pressure: 5491-5478
Just watch 5449
(After breaking this support and stay below it…NIFTY Future can spoil 5421-5403 easily)
***After closing 5439(Consecutive of 2 secession) below will heavy fall on face to 5357-5334 easily for positional***
In case of 5500 crossing above with volume…then Panic will be come 5532-5569.