Thursday, 3 November 2016

NIFTY's trend in detail (3rd Nov,2016 )

Dear Friends, Good morning

I just thought of giving a brief on Nifty's trend - frankly I did n't expect these many friends are following up our site for technical trend....!!! 

Range for the day :

Shorter range :   8488 - 8530 

The next broader range is 8446 - 8599.50

The overall width is aligned to 8377.30 to 8622.70

This is as per my technical indicators recommended level....!

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Caution : I am sure almost all the indicators are showing trend reversal only after closing above 8666...! If Nifty is reversed, this time recovery will be very sharp & In a single day it can cross 8666+

As I keep on telling there is a weak spot in 8440-8480 range, is a kind of foundation alignment prior to 9300+ level....!!! There could be a chance to consolidate this level this time....!

Caution 2 :  If 8440 is broken - the next major support levels are :  8377 - 8250- 8111 level...!

Apart from the technical indicators green signal, any positive outcome in US election results, will drive NIFTY above 9000+ level at no sooner time.....! 

Caution 3 : When the whole world expects 9000+ , be prepared for the negative side.....! Don't ignore 8000 also....!!!

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So, whatever happens, NOV series will fetch us a good yield..... Let us hope for the further more than success than SEP / OCT ------  Hat trick month...!!!

With kind regards,


Rishi

5 comments:

  1. Dear sir,

    Thanks for the updated information sir.

    ReplyDelete
  2. Thanks for the update...

    Om siva siva Om....

    ReplyDelete
  3. OMG! OMG! Sir, Again pin point predictions today... Closed in the short range mentioned by you.. what's a nice feeling to see your prediction and the confidence it's building for Us!!!😎

    ReplyDelete