KINGSFALCONTRADERS

#Nifty High of Whiskey Will Get Risky for Shorts - 17 K Soon ?

Long
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
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I will update Nifty levels and my Trade Plan for next week. I am Monica, I welcome you all to Kings - Falcon Traders Channel.
Let’s go on chart and analyse. This is nifty chart on the weekly time frame. Friends, if you see nifty is taking support at 15,750 levels for last one week.

What is the reason, that we are bouncing from these levels exactly? Now, let me put Ichimoku Kinko Hyo. Friends, see carefully that nifty is taking support at the base of the cloud or Senkou Span B. This, is how ichimoku gives you accurate levels or zones.

Now two possibilities emerge from this analysis –

Possibility One – Nifty bounces and closes above 16,400 levels on daily time frame and then we will hit the levels of 17,000. So in this kangroo bounce, I will book gains in stock holdings picked at 15,700 levels. The list of my investment stocks is mentioned in description below. Yes, friends book gains only if, nifty fails to break 17,100 level and then keep Cash in hand. I will tell you why and where to invest again. Wait and Watch the video till the end.

Possibility two – If Nifty breaks 15,700 levels on daily closing basis that will be a real trouble. Once we break these levels then we will hit 14,100 levels soon. That will be a good level to buy some stocks for a long-term portfolio investment. Yes, you heard it correctly 14,000 Levels are coming soon.

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