Tuesday, 23 February 2016

Nifty's trend (23rd Feb,2015)

Dear Friends, Good morning

I am just recalling the message - which we have published on 10th Feb,2016


Nifty's trend - 10th Feb,2016
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Dear Friends, Good morning
As per the technical indicators , NIFTY is all set for a bounce back very swiftly - if the 7240-7230 region is not broken....
If 7230 is broken - indicator suggests the level of 7118 zone & from there upto 7040 ...
But , FIIs pricing action indicates NIFTY should cross the level of 7419- 7435 at any moment.... !
The better strategy would be to watch the level of 7230 - whether it is broken / held & accordingly align the positions....! =================================================


Technically when we have closing above 7240 - the recent pricing action suggests we should cross 7485...!


As we have reached on the doorsteps of Expiry - expect some amusing moves...! Otherwise, NIFTY is all set for a cracker...!

Wherever it goes upward / downward - we will be benefited , for sure....!

Have a fantastic day !

With kind regards,

Rishi




5 comments:

  1. Respected sir,

    Thank q very much for your early message on the Nifty trend. Nearing F&O closure, we should be careful in our activities.

    with kind regards,
    Visu

    ReplyDelete
  2. Respected sir,

    Now Nifty broken our expectation of 7240, and it will travel to 7118 and further it may touch 7040 as per signal indicator

    regards,
    Visu

    ReplyDelete
  3. Rishi,
    Can we go for double side entry today to benefit budget rally in the coming days?
    What would be your suggestion?

    ReplyDelete
    Replies
    1. Yes Sir...! You can enter on double side....! Budget rally is expected , after a minor consolidation..! But this time it may not be so big.....!

      Delete
  4. Now nifty 7148 -61.00 point============heading to 7140---------------->

    ponnambalam

    ReplyDelete