Nifty & bank nifty moved by 200 & 700 points in predicted direction within a week
Nifty corrected by 200 or more points out as predicted “ 6350 6385 are acting as resistance for sgx nifty and possible supports are 6332 6311 6250 6155 in near term …these are upside and down side targets also …” http://dhanvarsha.in/support-resistance-sgx-nifty/
SGX Nifty traded at 6163 before closing at 6179 have a look
For Bank nifty it was shred ” below 11400 next supports are 10800 and 10200″ at http://dhanvarsha.in/nifty-may-test-5800-near-future/ and bank nifty traded at 10842 before closing at 10913
Bearish engulfing at weekly chart possible support for next week 10500 10200 if 10200 will break then 9500 will act as reversal point
It was shared for Nifty
NIFTY MAY TEST 5800 IN NEAR FUTURE
we are firm on it as there are no sign of strength http://dhanvarsha.in/nifty-may-test-5800-near-future/
Profit booking is increasing day by day … all candles are red after deewali ..so advising to wait for buying do not try to catch falling knife.
at the end of 3rd week after deewali Nifty may trade at 5600 5700 level as per this chart as bearish engulfing candle formed at weekly chart
We are not looking up at this level but possibility of more and more panic can not be ruled out …trade safe … trade with stop loss and do not miss profit booking opportunity .
6166 was spotted as first support for nifty futures see at basic chart here http://dhanvarsha.in/market-sentiment-turned-bearish-deewali/ and NF traded at 6165 before closing at 6186.
Nifty & bank nifty moved by 200 & 700 points in predicted direction, what next ?