Kru-KB

Be careful Bulls

Short
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Nifty is trading at a strong FIB Resistance level . be careful bulls out there.
(1) 1.618 FIB from Feb-2020 High
(2) 2.618 as a FIB projection
(3) Tredline Resistance
(4) RSI Divergence (Price higher high RSI lower high)

Can it go high from this reange- yes it can, but it must break 15275-15300 with strong buying force and close above it
Path of least Resistance is downards.
Can it crash like Covid-19" - I dont think so, this is running correction for now until it breaches some major support. We will see when we reach there.

Low Risk Short is on 4 Sure, Sl is 15310
Short at CMP with Possible target of 15k and 14800 k, this is swing short.
Comment:
better readability
Comment: Bearish Div

Comment: Pl be careful with your longs or have tight Sl on long side
Comment:

Still in the short zone \, Invald above 15500

Comments

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