Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Nifty Outlook: Bull Trend Or Bull Trap?

free nse nifty stock tips

free nse nifty stock tips

In my previous post, I have mentioned that nifty can make an upward move before making the last leg. Nifty was at 16999, and it has made a high of 17400 on 31st December 2021.

Click here to read previous article.

Nifty is out of the channel and near to the previous lower high.

If nifty breaks up of 17639, we can expect a big upward move to 18210, which indicates that the correction is complete.

And if it fails to break the parallel channel, we can expect the following targets: 16909-16690-16449-16369, and the price will start wave C of wave (Z).

Please note that the downtrend is below 17639.

I will upload further information soon.

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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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6 Comments

  1. Thank you so much for this article.
    I always wait for your articles which gives me an extra edge in trading.
    Many so-called analysts who only draw some lines and update charts are useless.
    I love your wave counts.

  2. Your wave count is acceptable from my side.
    It can be a bull trap as nifty has made a lower high, and it will come down to retrace the previous move for sure.

  3. Good as usual!
    Nifty is about to change its trend. We may see an all-time high price, but if it fails to break X, we are going for a down move.

  4. निफ्टी अभी ऊपर जराही वह इस्का ये मतलब नहीं, वह के निफ्टी ने अपट्रेंड बनालिया, वह निफ्टी सबको ट्रैप करेगा और जोर से सप्लाई करेगा जिस तरह से खारिदनेवाले टूट जाएंगे।
    ओमनीक्रोने से अभी अभी भी असर होगा, हलाकि चुनाव के बाद सरकार कोई भी स्टेप ले सकती हे |

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