ajithchand-bhandaari
Short

Nifty ::: Expected to Sink ::: Risk Call

NSE_EOD:NIFTY   Nifty 50 Index
Nifty is expected to sink now.

There are many reason why we feel it may sink.
01. It is already trading below quarterly Target 03.
02. Bearish Engulfing in weekly chart
03. To sink and come near 6943 to 6880
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI (14,CLOSE) Is also of the same view.
06. CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. As we have budget this week it is a risk to trade Nifty our view is 6943 to 6880. We are expecting this to happen on budget day that is 29 Feb 2016. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.[/b
Trade closed: target reached: 6880 target has been achieved. Target Cleared.
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