From Last 3 Days :We were Writing……………………6361 is LAXMAN REKHA for Nifty Future
Bank Nifty :Will have to cross 11298 level………………Then only will show power.
(Just see ,Not crossed and Its a Bloodbath )
Our Down Targets & Support for NF were @ 6332—–6302———————-6270———————6248 level.
(Now made low of 6272.70 )
For Bank Nifty :Our Targets were 11071—11047 & then 10974—-10950 level.
(Just see it kissed low of 10987 )
Yesterday told & Tweeted to sell @ 454 level and just see its a bloodbath.
Now @ 436.50
This Way U have to Mint Money ,There is no other Option available.(Forget Fundamentals,No need to watch Blue Channels ,Igore & Don’t care for Results-All Manipulative & Insiders already knows everything and they have positions )
The market is in that place and time where it doesn’t make sense. The bulls will argue that it’s going up on bad news, implying that we have discounted the horror that is in front of us. The bears will argue that the rallies have been of the light volume variety and opine that “nothing goes strait down anyway.” Our job as traders is to block out the noise, the rhetoric, and avoid the temptation of conventional wisdom and thinking.
We aren’t trading on fundamentals anymore, even technicals are iffy, although the technicals were my guiding light today. I honestly believe if you don’t use charts you are simply guessing. Believe me, years ago I guessed and it wasn’t pretty. Of course if you have a buy and hold philosophy you don’t need charts or fundies because everything works out great in the end, right?
So far this week the market has done a great job of brushing off really ominous data, a bullish sign. I do believe we could see some bets come off the table as we head into the unemployment figures on Friday. It’s been a decent way to play it recently, get short before the number. It’s the only number I care about anyway.
And I do think the financials are setting up to be phenomenal shorting opportunities again. Sold to you. Will try for some charts in a bit. I hope everyone was successful today.
Above is Daily Chart of Nifty Future
Yesterday ,Boldly written :Down Target & Support were at 6266-6257 & 3 ,7DEMA moving average will give support.
it made low of 6243.65 & taken U-turn to close at 6256 level.
Yes ,6298 is Laxman Rekha.
Yes ,Above 6298 level if Trades with volumes and sustains for 20-25 minutes ……………..Then More Firework
Target :6345-6361 in hrs only …We can see.
Yesterday Told to Buy 6300-6350 Call to our Subscribers.
Today ,Watch 6275 as Hurdle.Crossover with volumes will take to 6292 level.
There after will kiss 6305 level in minutes only.
Support at 3 DEMA : 6246 ,7 DEMA @ 6239 level
101% More Details ,Intraday levels to our Subscribers.