#Nifty || 14th June 2022 || Falcon Trader || Daily Analysis

We are moving as per plan. A complete Falcon Wave count was shared in 13th June Analysis post - link below.

Now we move up in a very short term relief, the perfect trading will require you to trade in the direction of trend which should be bearish at the moment, meaning look for shorts only.

Small target around 15900 levels, followed by continued massive downward pressure. This should last till 15K levels before we get some relief.

Main support zones which will be destroyed as price will pierce through them will be 15700 and then 15300 - while bulls will order samosa today, but later they will become samosa vendor (pun intended) when the price will rock bottom as bears will continue to attack.

Don't forget the updated Game Chart where I discuss how we have entered Hell Fire which has a price magnet attached - this means more pain for people who were thinking of moon. Let the summer finish first.

Now only Falcon can help you to take the speed ...

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Comment:

If 4 is still pending, then here is a 15 min chart that shows possible bounce near 15900 levels.

Some important things:
FOMC meeting in the US = hike in interest rate by 75 BPS
This will melt Indian Markets

What next?
Try shorting around 15900 if you are lucky you will get it at good rate. Or wait for it.