BhavirThakkar
Short

NIFTY - Butterfly in the making?

NSE_EOD:NIFTY   Nifty 50
561 9 5
Price structure is clearly week and making new lows.
This pattern should NOT be viewed as a down side target for Nifty             .. but if price reaches point D, then it would be good risk reward setup for Longs.

Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone.

For short term view see comments section below.
no do what .... go short or profit book
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ChandanPoddar ChandanPoddar
now do what ?????

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i shorting at the level 8370
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have u bought the tool for short time frame and is it working for intraday??????????
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BhavirThakkar rahulanand
no, I haven't subscribed to tradingview intraday
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no need to buy , just go here : http://www.marketcalls.in/eodchart & explore various links, everything there
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Thanks for Nifty Chart, Can you please share your view on Bank Nifty as well, thx in advance
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THANKS FOR POSTING NIFTY CHART.
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Another butterfly in the making in the short term time frame.
snapshot


Watch price action closely at these levels for tactical entries/exits.

There is always a large number of traders who enter/exit based on swing points. High chances of traders being trapped at these points causing price reversal and opposing order flow.
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