yes market behaved same ways as we discused in our last report"
as said ..wait 2 more days let momentam cool off..so next 2 days red closing happend on card.
now what?
momentum is coolled off completly (trading below 4550 only)
or stilll some upside left (above 4600)
both cant deny reason as follows
car can goes off some more distance if engine gets stop while running unlles break apply
newton 2nd laws of motion says- every body tries to main its runing stage unless and untill external force not acts..
heree external force is chioas (new inforamtion)
if there is no chioas market can go some what up with less momentam
but as if any new information comes. below 4550 furtere downside on card
here nifty on eod basis forming extracting traingale
The expanding triangle is said to be a good indicaotor of a reversal pattern, and is usually analyzed when a price has been increasing to see if a decrease is likely to occur. also called broadening top and broadening formation.
use level for trading purpose
S&P CNX NIFTY* RC Wave* stoplls:4,553 next week_Buy above :4,599.08next week up target>4,673>>4,793
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S&P CNX NIFTY* RC Wave* stoplls :4,599 next week_Short bellow :4,553.42next week lower target >4,480>>4,360>>>4,286
(option player can sell 4800 call option on rise and collects premimum)
