A Double Top got formed this week.
1. PCR is @ 1.37 - Meaning Nifty is OverBought and it could fall any moment
2. Current Level is at a Strong Weekly Supply Level and should ideally fall any moment
3. Anymore move upwards could be a BULL Trap - 8350 looks like the Max that NIFTY could go to.
4. 8000 looks like a target to look for and then lower
1. PCR is @ 1.37 - Meaning Nifty is OverBought and it could fall any moment
2. Current Level is at a Strong Weekly Supply Level and should ideally fall any moment
3. Anymore move upwards could be a BULL Trap - 8350 looks like the Max that NIFTY could go to.
4. 8000 looks like a target to look for and then lower
Trade closed: target reached:
300 points tgt reached