The Market in the process of forming a BOTTOM has given this week cold sweat to all those who got stuck in ‘shorts’ as well as ‘longs’. Bears trying to pierce 3800 Nifty level and Bulls protecting 3800 level which is their final hope. We are in the final wave of this bottom formation. Break of 3800 level can take us to 3648-3577 level. Stop loss for shorts is NF 4040.
IDENTIFYING NIFTY TWISTS & TURNS THROUGH TECHNICAL ANALYSIS
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TREND
SHORT TERM : UP
MEDIUM TERM : UP
LONG TERM : BOTTOM FORMED
MEDIUM TERM : UP
LONG TERM : BOTTOM FORMED
ABOUT ME
- NIFTY CHASER
- New Delhi, India
- I entered the fascinating world of stock market a few years back and have been chasing Nifty since then. Realizing that the market has specific foot prints ,ventured into the world of Technical Analysis. I would like to share here with all visitors what I have picked up so far and would learn in the future as markets are the biggest teachers.
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The information given here is solely for technical purpose and is no where an invitation to undertake trades based on the information.Stock trading is risky.Please consult your financial advisor before undertaking any trading based on the information.The blog owner will not be held responsible for any losses suffered due to usage of information.Usage of the blog information confirms that the user has read disclaimer.The blog owner or his clients may or may not be holding the said shares as discussed in the blog post.@ ALL RIGHTS RESERVED FOR MATERIAL ON THIS BLOG.
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