NIFTY SPOT : 8647.75
Hi,
Readers,
More profits.
Nifty coming down
as expected.
Book more
profits and further trail down the stop loss to 8850 closing basis for the balance
of the short position. One can hold the balance short position for the target
of around 8500 in mind. Around or near to that level there is no harm to book
full profit for once and step aside. Although Nifty has made some bearish
patterns as mentioned below but as I always say that “Profit Who Hai Jo GHar AA
Gaya”. That too if big profit comes in very small time one should grab it.
Nothing moves
in a straight line.
More and more
opportunities will be there in future.
Nifty has made
another bearish evening star pattern on weekly charts. Which is considered very
bearish.
Nifty has given
also given breakdown of another bearish head & shoulder pattern below 8700
on hourly which is even giving the targets of 8300.
But as patient
trades it is prudent to book full profit around 8500 and step aside for once.
Enjoy the
profits.
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