NIFTY - A downfall is anticipated, Strongly…!

7. Juni

The market rebounded from e- day crash but there is still a room for further correction as mentioned before, the market is expected to test its 50% Ret where the drawn extended T.Line also coincides (21,090 levels).
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)


P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.

Trade accordingly.

9. Juni

Anmerkung

If the market happens to breach 23,338,
look out for 23,490- 23507 levels to act as a strong resistance & the confidence of monthly close being negative is upheld & bolstered (there will be a correction in monthly time frame).

10. Juni

Anmerkung

Risk-averse traders may close the existing position & may take a new sell @ 23520 - 23560 levels,

11. Juni

Anmerkung

The resistance and entry for a short trade will be at 23528 - 23638. The trendline coincides with the extensions

13. Juni

Anmerkung

Today's move will likely be the last in the sequence.

13. Juni

Anmerkung

Pro-active traders can enter the short at 23535 levels

13. Juni

Anmerkung

Watch the morning session closely, touching testing levels 23530-23545-23560.

13. Juni

Anmerkung

HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570

13. Juni

Anmerkung

IMPORTANT: Today will be a negative close if the targets are not tested & the next session will be the final move.

13. Juni

Anmerkung

if the market plunges, the support will be as follows 23318,23157 & 23,035 (strong)~22960.

18. Juni

Anmerkung

This seems to be the day for a correction. watch out for levels 23,585~596 levels (can be expected to rebound in the morning session)

19. Juni

Anmerkung

Recent analysis reveals 2 possibilities,

19. Juni

Anmerkung

Currently, the market has chosen the 2nd possibility,

19. Juni

Anmerkung

the strong support where the final move is expected to begin.

20. Juni

Anmerkung

However, the market is expected to take yesterday's high (by a small margin)

20. Juni

Anmerkung

If the market declines watch out for 23,435 (23,413) & 23,381

21. Juni

Anmerkung

If I am not wrong, the market is expected to test yesterday's low 23,442,432,415.

21. Juni

Anmerkung

Always bear in mind that the market is strictly consolidating (always) preceding a breakout!!

24. Juni

Anmerkung

One final move can be expected to test the previous high before the correction begins but by a minimal margin.

25. Juni

Anmerkung

GIFT & NIFTY are +Ve, expectations of the final move remain valid, the stop is not definitive, and any significant move beyond 23,750 calls for an exit (highly unlikely).

25. Juni

Anmerkung

The ongoing trend for the final move is expected to continue till the previous high is tested (23,667.10~23,674.00)

25. Juni

Anmerkung

Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels.TRADE WITH CAUTION

25. Juni

Trade wurde manuell geschlossen

If no short taken yet, hold the tendency to act &

25. Juni

Anmerkung

If taken wait for a better position to exit (with minimal loss)