Disclaimer : I am not charging fees for this /any update the updates are just findings and not any recommendation for buy sell. Market investment are subject to risk , plz take position at your own risk, i / we/ richesse academy is not responsible for any loss which occurs to you
After a short time am updating this blog.. Well let me come to my point. Nifty to stop its current Selling phase very Soon. there are some explanations Go through the same.
Nifty spot chart is attached .
Point 1: Nifty fut formed a H&S pattern with an height 1437. with an entry point of 8262. and already tested a high of 9011 while real basic target was 9150 and maximum target of 9699
The Support point for the same is placed at 7927 . Closing below this will create bad effect only Else we could see New highs.
Point 2: The Support Point is the Flip of Old Waves and cross point of the Falling TL. and 39EMA thus it creates a good hope.
Point 3: is Just a Reference . But am not sure .. How ever according to this Market will reverse by November 21st
If happens that i will explain . that !
Now what to Expect. On the dips. Start accumulating nifty with Strict SL of 7921 on closing. ! And For today ( 15/11/2016) Nifty Fut now trading at 8180
Support at 8133 ( Nifty Fut Grab) above 8229 I see good intraday recovery move !