Nifty formed a good bearish candle as I already gave a warning sign to long players in yesterday's post.
Nifty touched .618 in wave B, satisfied the condition of Fib series and reverted the trend today.
As shown in image Ema 100 is coinciding Ema 20 which is important one. Keep an eye on it too for confirmed bearish sign.
If this fall continues then Nifty will move downwards to form wave C which will even cross wave A low.
Thursday being expiry everyone expect volatility in market & stay alert.Try to trade very cautiously.
Happy Trading :)
Nifty touched .618 in wave B, satisfied the condition of Fib series and reverted the trend today.
As shown in image Ema 100 is coinciding Ema 20 which is important one. Keep an eye on it too for confirmed bearish sign.
If this fall continues then Nifty will move downwards to form wave C which will even cross wave A low.
Thursday being expiry everyone expect volatility in market & stay alert.Try to trade very cautiously.
Happy Trading :)
Trade closed: target reached
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