Nifty Is Heading towards 14,100 Levels
Friends, this is nifty chart on the daily time frame.
If you see that here also like in bank nifty the price candle has given a closing below the Kijun, On the daily time frame at 16,219 levels.
Also, there is no support in front of the chikou span on the daily time frame.
Friends, all these indications on the higher time frame tell us that the market is going to fall, big time. Yes, tomorrow that is 13 June we will open Gap down at 16,000 levels a gap down of 200 points or more I am expecting.
Now, both bank nifty and nifty are at psychological support levels of 34,000 and 16,000 levels respectively.
So, I expect a bullish retracement to 16,100 levels or more.
But, friends don’t get trapped in this bullish pull back on market opening. As, now the market is in the grip of the bears and the same is evident on the charts.
So, my trade plan, In These market conditions will be, to write Out of the Money Call Options with a hedge and maintain a bearish view for 15,700 levels.
Friends, If we break 15,700 levels on the daily time frame, we will hit 15,100 levels by June Monthly Expiry with minor bullish retracements which will get sold off eventually.
So, trade accordingly.
If you see that here also like in bank nifty the price candle has given a closing below the Kijun, On the daily time frame at 16,219 levels.
Also, there is no support in front of the chikou span on the daily time frame.
Friends, all these indications on the higher time frame tell us that the market is going to fall, big time. Yes, tomorrow that is 13 June we will open Gap down at 16,000 levels a gap down of 200 points or more I am expecting.
Now, both bank nifty and nifty are at psychological support levels of 34,000 and 16,000 levels respectively.
So, I expect a bullish retracement to 16,100 levels or more.
But, friends don’t get trapped in this bullish pull back on market opening. As, now the market is in the grip of the bears and the same is evident on the charts.
So, my trade plan, In These market conditions will be, to write Out of the Money Call Options with a hedge and maintain a bearish view for 15,700 levels.
Friends, If we break 15,700 levels on the daily time frame, we will hit 15,100 levels by June Monthly Expiry with minor bullish retracements which will get sold off eventually.
So, trade accordingly.
Trade fechado: objetivo atingido:
reached target ..hope you traded well
