NIFTY 50 future TRENDS

Status
Not open for further replies.

4209211

Well-Known Member
Spot nifty trading below Daily PIVOT 5596 nearly one hour and tested the S1-5571 indicating some weakness reversal possible
Means are we expecting 5535 on spot as next target:)
 
Hitting the YR2 in almost a straight line this early in the year is unprecedented. It tells me 2 things. The market is now at an extreme reading. The 1,000-point high-low move in 2 weeks for this market is an outlier. The daily altimeter says the market is in ear-popping territory. The weekly is OB, and the daily is grossly OB. It all points to the fact it is time for a reversal.
Will wait for you to get back from vacation, but yes ... you hit a home run !!
 
Status
Not open for further replies.

Similar threads