Free Stock market / Nifty intraday tips

Nifty future attempting to crossing over 6050 refreshed with chart


[sws_blockquote_endquote align=”left” cite=”” quotestyle=”style02″]At times it’s very challenging to move on, but at one time you move, you’ll understand, it was the Best choice. You’ve Ever Made. [/sws_blockquote_endquote]


A unexpected improvement of key geopolitical risk, good numbers from China and the belief of a light tapering have switched on risk appetite, weakness in dollar uv rupees.
I was planning on a larger bounce within the scenario of Zig Zag seen in chart, in other words I was deciding on}the up leg off the as mentioned in chart… just look toward the chart and gap..


[list style=”circle”][list_item]Price managed to close above crucial moving averages.[/list_item][list_item]On the chart shows a potential resistance line which set up 6030[/list_item][list_item]In the coming days, short sellers will create good position on short side[/list_item][list_item]200-300 Points of short fall expected only, therefore don’t create overload position on short side.[/list_item][list_item]Market is still good for up move, just expected short term fall…[/list_item][/list]



Remember: Trends never reverse quickly but tops are very defined. Reversals take time to build and result in specific patterns. The first big drop almost always finds buyers and the first spike almost always finds sellers.




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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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