EOD 29/03/2016 NIFTY OVER ALL SHORTS SEEMS TO BE WORKING
EOD 29/03/2016 NIFTY INTRA DAY LOW OF 7583 MATCHES EXACTLY WITH FIBBO EXTENSION I HAVE USED FROM NIFTY BUDGET DAY LOW OF 6826 TO 7583 ON 14/03/2016.
ALSO SEE THE THE RED TREND LINE I HAVE DRAWN JOINING 6826 & 7405. NIFTY ON 28/3/2016 BROKE THIS TREND LINE. TODAY ALSO FAILED TO BOUNCE BACK ABOVE THIS TREND LINE.
TREND LINE & CHANNELING CAN HELP TRADING SETUP. APART FROM WHATEVER TECHNICAL ANALYSIS WE FOLLOW.
DUE TO RESTRICTION BECAUSE OF DAILY CHART I AM NOT ABLE TO SHOW OTHER TREND LINES & CHANNELING.
BUT YOU CAN SEE THAT ON MY SITE ADDRESS IS amgonifty.wordpress.com/
ALSO SEE THE THE RED TREND LINE I HAVE DRAWN JOINING 6826 & 7405. NIFTY ON 28/3/2016 BROKE THIS TREND LINE. TODAY ALSO FAILED TO BOUNCE BACK ABOVE THIS TREND LINE.
TREND LINE & CHANNELING CAN HELP TRADING SETUP. APART FROM WHATEVER TECHNICAL ANALYSIS WE FOLLOW.
DUE TO RESTRICTION BECAUSE OF DAILY CHART I AM NOT ABLE TO SHOW OTHER TREND LINES & CHANNELING.
BUT YOU CAN SEE THAT ON MY SITE ADDRESS IS amgonifty.wordpress.com/
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EOD 31/03/2016 NIFTY SHOWN CORRECT CHANNEL & TREND LINE BASED MOVEMENT. TO SEE THE CHART VISIT amgonifty.wordpress....1/eod-3132016-nifty/
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EOD 01/04/2016 NIFTY
As expected in our earlier report nifty opened gap down & during a volatile session nifty made a intraday low of 7667 & high of 7339. In all it was a good session for trading.
I have marked cycles on the chart. After making low of 7667 nifty retraced exactly 50% fibbo level of whole fall fro 7777 to 7667.
Conclusion: Most probably positional shorts will work on Monday. If the retracement of nifty is not complete at 50% level then nifty 1st it will retrace to 62% to 78.6% level which are 7735 to 7759. Then selling pressure may come. Stop loss for positional shorts is nothing but 7777 nifty recent high.
See the detailed chart at wordpress.com/post/a...fty.wordpress.com/98
As expected in our earlier report nifty opened gap down & during a volatile session nifty made a intraday low of 7667 & high of 7339. In all it was a good session for trading.
I have marked cycles on the chart. After making low of 7667 nifty retraced exactly 50% fibbo level of whole fall fro 7777 to 7667.
Conclusion: Most probably positional shorts will work on Monday. If the retracement of nifty is not complete at 50% level then nifty 1st it will retrace to 62% to 78.6% level which are 7735 to 7759. Then selling pressure may come. Stop loss for positional shorts is nothing but 7777 nifty recent high.
See the detailed chart at wordpress.com/post/a...fty.wordpress.com/98
