Dated :- 26.06. 2017                                 NIFTY SPOT : 9574.95

                                                                                                         

Hi readers,

Nifty moved exactly as expected and mentioned in my previous blog.

Till Nifty is Closing Below 9730 Nifty is weak and more lower levels are expected.

I have been maintaining my View that Nifty is in the process of making Top.

In the week ended Nifty got the technical bounce because the indicators were fatigued, but, Nifty could not even cross 9700 and indicators again brought Nifty down to 9565. Because the indicators were saying that Nifty is in a sell zone till Nifty is below 9730.

Reader would be remembering that our level was 9730 weekly closing basis below which Nifty is weak.

Now What :-

My view is still the same.

As I had mentioned earlier also in my blogs that Nifty had made Evening Star pattern on weekly charts and till the time it does not give weekly close above 9730 Nifty is weak and more lower levels are expected.

Once it breaks below 9550 and then simultaneously breaks 9520 doors for more lower levels will open.

Trade accordingly.

 Note - ALL THE LEVELS ARE OF NIFTY SPOT ALWAYS.