MCX Mentha oil can bounce here. It can retest the 960. The intraday & short-term investors should enter around the support trendline for the targets of 926 – 936 – 958.
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How many of you sold Nifty futures today?
BEFORE – 1:26 PM
First Update URL: https://moneymunch.com/nifty-can-retest-17169-before-hitting-the-18000-levels/
I had written to sell Nifty at 1:26 PM, “The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169“.
AFTER – 3:08 PM
The first target of nifty has come. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Nifty has completed motive wave (iii) at 17792.
Wave (iv) is forming and, it can have a common retracement of 38.2%.
The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169
According to the rule of corrective wave, it remains under the channel.
And the impulsive wave can break out the parallel channel.
If nifty breaks the parallel channel, check out the previous update below.
The long-term outlook of Nifty:
EWT: Will nifty hit 18000 before September end?
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Price is moving under the consolidation area for 225 days. It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)).
We can get the following swing trade targets: 340 – 362 – 415
How many of you bought Kotak Bank after this article?
Update: Kotak Bank Has An Explosive Rally Ahead
I had written in clear words, “…intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 – 1960 – 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal”.
Target 01: 1900 – Achieved
Target 02: 1960 – Achieved
Target 03: 2056 – Will it touch the third target?
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Update: Will Crude Oil Hit 5400 Next Weekend?
How many of you bought crude oil nearby 5130 after reading my article?
I had written in bold words, “…so, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 – 5400+“.
It has touched the first target.
Safe/intraday traders can book full profit here.
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