DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
CHESAPEAKE ENERGY CORP, GENERAL ELECTRIC COMPANY, NEOVASC INC, SPDR S&P 500, FORD MOTOR COMPANY, BANK OF AMERICA CORP
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX INDEX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Nifty spot may probe lower targets of 8325 & 8220 in August
Upside looks limited with a range 8655-8680.
8% UPSIDE POTENTIAL
NIFTY AT CRUCIAL ZONE - POSSIBILITY OF REVERSAL
If there is a breakout of down sloping trend line with volumes, Nifty spot path is Long in Near term 1-5 days and then down wave again to sub 7850.
Trade only after reversals/ validation of volumes/ indicators.
Do not play for H&S pattern target of 8700 as target may be restricted to 8426-8437
Good BUY for Medium Term.
Stop Loss for Longs = 287
FIRST A BULLISH TARGET TO 8450 -8600
THEN A BEARISH TARGET TO 7546 AS PER HEAD & SHOULDERS PATTERN
Smart Money may lure retail & domestic investors into a BUYING FRENZY, before they start offloading their holdings again.
We may see one more vertical fall till 7800-7600.
DO NOT ADD SWING SHORTS IN ACC
HEAD & SHOULDER PATTERN & AB=CD PATTERNS INDICATES, POSSIBLE 1000+ POINT UPMOVE IN SHORT TERM