NOW WHY WE ARE ASKING THIS QUESTION IS BECAUSE NIFTY IS CLOSE TO VERY
CRUCIAL SUPPORT LEVELS, NAMELY 200 DMA. BUT AS THE WORLD INDICES ARE
TRADING
NOW, THE PROBABILITY IS HIGHER THAT NIFTY WILL OPEN GAP DOWN TOMORROW AND
THAT WILL MEAN IT WILL GO BELOW THESE SUPPORT LEVELS AND WILL EVENTUALLY
OPEN GATES TO 5100-5050 SPOT LEVELS TOMORROW ITSELF.
BELOW IS THE SNAPSHOT OF WORLD INDICES :
NOW BELOW IS THE NIFTY CHART , VERY CLOSE TO SUPPORT LEVELS OF 200 DMA AND IT HAS ALREADY CLOSED BELOW 38.2% RETRACE MENT LEVELS OF ITS JOURNEY FROM 4500 TO 5650 RECENTLY.
ALL THESE FACTORS INDICATE A GAP DOWN OPENING ON NIFTY IF THE CURRENT SCENARIO PREVAILS AND HENCE WILL OPEN DOOR FOR LOWER TARGETS ON NIFTY.
SO TRADE ACCORDINGLY....TAKE SHORT POSITIONS IN NIFTY IF IT BREACHES ABOVE MENTIONED SUPPORT LEVELS AT OPENING ITSELF.
CRUCIAL SUPPORT LEVELS, NAMELY 200 DMA. BUT AS THE WORLD INDICES ARE
TRADING
NOW, THE PROBABILITY IS HIGHER THAT NIFTY WILL OPEN GAP DOWN TOMORROW AND
THAT WILL MEAN IT WILL GO BELOW THESE SUPPORT LEVELS AND WILL EVENTUALLY
OPEN GATES TO 5100-5050 SPOT LEVELS TOMORROW ITSELF.
BELOW IS THE SNAPSHOT OF WORLD INDICES :
NOW BELOW IS THE NIFTY CHART , VERY CLOSE TO SUPPORT LEVELS OF 200 DMA AND IT HAS ALREADY CLOSED BELOW 38.2% RETRACE MENT LEVELS OF ITS JOURNEY FROM 4500 TO 5650 RECENTLY.
ALL THESE FACTORS INDICATE A GAP DOWN OPENING ON NIFTY IF THE CURRENT SCENARIO PREVAILS AND HENCE WILL OPEN DOOR FOR LOWER TARGETS ON NIFTY.
SO TRADE ACCORDINGLY....TAKE SHORT POSITIONS IN NIFTY IF IT BREACHES ABOVE MENTIONED SUPPORT LEVELS AT OPENING ITSELF.