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Will NIFTY continue its bearish momentum?
NSE NIFTY was looking weak in the daily timeframe chart. It was preparing for a retracement to confirm its trend. SGX was also giving a bearish signal.
9:15 AM: Nifty opened at 17149 and made a low of 17064. It touched our final level of 17075.
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What do you think about NSE DALBHARAT?
It was a setup of DALBHATAT. The first target got hit in just 4 minutes.
I had mentioned clearly,” Traders must wait for the break out of the range 1520 – 1540. If the price sustains below 1520, traders can sell for the following targets: 1507 – 1490 – 1481.”
Timeline:
- 9:15 AM: Price opened at 1504 and made a high of 1520.
- 9:16 AM: Price was above 1520 and started falling below 1518. It was a good entry point.
- 9:17 AM: Price Made a low of 1512.
- 9:18 AM: Price reached our first target of 1507 and made a low of 1504.
I will update further information soon.
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sir first target book karke exit hogaya. I made a good profit with a huge quantity.
Brilliant analysis. It looks like your know how to spot the footsteps of operators.
As you mentioned, Nifty is open exactly where you said it will. hats off to you Mr. guru!