jackson_philips
Short

NIFTY TO GO DOWN AGAIN - At least it looks like to me

NSE:NIFTY   Nifty 50
221 4 9
PCR             = 1.217
I feel that the Price might go to a Max of 8125 and then slide from there.
Weekly chart looks like there is more down side that is expected
The actual effects of BRexit will come into play once the Companies wake up and realize what is at stake
TCS             , TATA MOTORS, INFOSYS             and other Major Corps will shake a bit causing Nifty             to Fall.

** NOTE : This is what I think, I'm no Expert **
Comment: Going Up.. I guess this is a BULL TRAP :)
Will short @ 8140 - 8160 Levels
Trade active: i got in short @ 8150 futures
Comment: I'm still short in this trade..
PCR = 1.364 - ( Kinda shows that its in Overbought state )
The current level is also kinda at the upper level, any movement up by about 20-30 points could mean more upside to 8275 Levels...but i feel it will slide from here
Trade closed: stop reached: I exit this trade.
Going with a different Approach
Downtrend to start from 8327
Reply
Yes 8134~8154 then short
Reply
8154 then down again, Monday decider
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