Hi,
Nifty Fut, may fall to-day ,if it can't trade above 4082.35.
Nifty Fut taken supp on .(the Gap area of 14th & 15th Feb)
Now 4062.15 is (again the Gap area of 12th & 15th Jan )has become crucial.
Supp : 4040.80 & 4021.30 .May not break 4007.40.But the unfilled Gap
of 13th & 16th April 3903 (is ticking in my Head).
Interestingly by now (by my deliberate usage) most of us has noticed "Gaps"
are repeating in Calender Day's 13th to 15th(March also has one Gap in 13th
to 14th).Jan / Feb / March / April all had it's Qouta of Gaps between 13th
to 15th.No ,plz do not jump like me ,wait & watch in May,until then JUST a
COINCIDENCE.
In my post of 15th April(night) the markings of the "Contracting Triangle"
was right,but the inference was wrong ,infact "D" ended on 12th April
(but didnt retrace) but exploded.
The Gap is yet not filled.
Infact mine & kkeyan's Short position of 16th April SL was Hit & mkt humbeled
us to point out the upward journey.As always,being a dumb i could not Cash
that que in Options(can't hammer in my Black Box ,loss is limited to
Premium Paid only).Even on 19th April (on Mkt Hrs ,when 3965 held,refer Pre
Mkt post,this did not register in my Black Box ,in Mkt Hrs,ASISH THERE IS
GOING TO BE A GAP IN EOD CHART,Mkt has told me ,this Dumb Fool was dancing
with the Profit of Aban.Needs lots of concentration.
Level's
Res: 4082.35 / 4091.75 / 4144.50 / 4153.35
Close > 4058.70 is Bullish
Supp: 4040.80 / 4021.30 / 4007.40 / 3986.10
The Bullish ness is intact if closes above 4058.70 .
Strategy:
Will do as Mkt advises.More of Watching than action.
Asish
