DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES INC, AXOVANT SCIENCES LTD, BANK OF AMERICA CORP, ISHARES MSCI EMERGING INDEX FUND, INPIXON, MICRON TECHNOLOGY INC
S&P 500, Nasdaq 100, Dow 30, Nikkei 225, DAX, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Coffee, Cotton
Bitcoin / Dollar, Ethereum / Dollar, BCH / Dollar, Ripple / Dollar, Litecoin / Dollar, Ethereum Classic / Dollar
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
GOLD (US$/OZ), Brent Oil, Crude Oil, Natural Gas, PALLADIUM (US$/OZ), SILVER (US$/OZ)
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