NIFTY UPDATE – CAUTIOUS TIME AHEAD

Dear All,

Please be cautious at these levels of Nifty.

Nifty has broken the rising wedge today. Below Today’s low, we might see fast sell-off again which already happened in the Past.

Chart is below for the reference

2 Hourly Chart –

Now interesting to see weekly chart of nifty-

Channel Resistance+ Negative Diversion(Not completed yet) + Bearish ABCD Pattern at the resistance level. If nifty goes below the last week low of 10323.95 or closes below 10392.80 levels, then it will be a bearish signal.

WEEKLY CHART –

So at this time please be cautious and imp is this week closing…

Its a sell on rise market or sell below today’s low for short-term Targets of 10200-10100

Sid

Learning Here – Wedge Pattern + RSI Negative Diversion+ Bearish ABCD Pattern

Disclaimer

I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.