$NIFTY FRACTAL ABCD NEAR COMPLETION Notice 2013 move vs current . similar drop and bounce from mov avgs pretty uncanny. 10800 thereabout is good shorting zone
Comment:
back in 2015 we dropped to 50dma before a final rally to new highs so watch out for similar move rather than a final top this week. Accordingly final top is still a month or so away. perhaps to 11K
Comment:
Fractal continues without halting .. Back then interim top came on 28 Jan 2015. Will expect nifty to give up recent gains and find support at 50dma before final hurrah
Trade active
Trade closed manually:
reaches 50dema. part trade closed. so far following the 2015 script.. tmrw low then rally hard
Comment:
So it did bottomed on 6th and rallied but didnt go hard due to Nirav Modi PNB Scam.. But looks like today expiry will look like 25 March 2015 expiry.. So another low tmrw before a 2 week rally.. But the plunge is coming after mid next month.. Fractal continues!