Nifty yesterday given "Spinning top" in daily time frame. and today "Open = Close" in nifty. it creates a "Doji" . Both Scenarios after a good uptrend indicates a reversal. and also we should keep in mind the exhausting gaps remaining in down side. i am bearish in nifty. lets see in upcoming days.
it was a perfect entry . did good. Today it formed a bearish engulfing. we are looking forward for more down side.
ckirtane
⋅
spinning top & doji negated by higher close,wait & see if 12023 not taken out & nifty closes bellow 11877 on 15th,then chances of down trend brightens for next week.
@rahulkhandelwal583, possible targets 11620-11540--11300.
Mishita
⋅
plz guide me on banknifty24000ce 15th Oct..plz guide about its movement on 14sep
ckirtane
⋅
@Mishita, CONVERT LONG INTO SHORT FOR TARGET OF 23100.
Mr-Nayak
⋅
buy put
Mishita
⋅
@Mr-Nayak, how???bought at 258???already at huge loss
Salimbaig28
⋅
@Mishita BNF chances are to touch 23000 as covering the gap, banks are negative and supreme court interest waiver judgement is tomorrow. Market might be volatile on Oct 14th. Coming days it might touch 23000 and bounce back upwards.