NIFTY-
NIFTY has started showing negative divergence on the chart. I feel that if it do not hold support of 5350, 5320 levels then it might be possible that we may see 5100, 5000, 4800 levels on nifty.
Todays Trading Strategy
Bears take hold of situation if NIFTY starts trading below 5411. Below that mark it will try to test 5385 and 5343.
Bears take hold of situation if NIFTY starts trading below 5411. Below that mark it will try to test 5385 and 5343.
LEVELS for BULLS………
BULLS will dominate market only above 5453. If NIFTY continue to trade above 5453……..more power will be added by bulls to take nifty to the levels of 5473, 5500 and 5540.
SBI
Yesterday I had written that this counter has started showing negative divergence.Now after broking all supports, the downside of this stock has been expanded to 5500, 5450. So wait for while and buying should be initiated around 5450 levels.
2 comments:
hi......
great analysis......!!!!
keep it up....
ur targets are almost achieved.
After reading ur SBI call , I created short........and its all history....
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