NIFTY: Exit Countdown!
Suddenly market lack cues for direction, hopes and fear remain on the table.
FII huge shorts, which otherwise were powder for short covering vanish, they are reported as minor longs. No one knows for sure, what they have in mind.
The broader price is the wisdom print. Couple of days more to negotiate and then there is a month expiry. Overseas were on holiday and hence no cues to start with.
US GDP on Wednesday is of some importance, start of the summer usually volumes fall. Then there is election noise to surface.
Intra-day volatility continues to baffle the markets participants, sight the profits book the profit remains the only mantra if any.
While the price action shows previous high breach and thus the hopes, attached graphs clearly suggests this has happened before and the markets took U turn from there. No way suggestive of such an impending move in store, but caution helps one to avoid the fall if any.
End of 5 waves, ideally the corrective ABC, however, within this larger diagonal range, one ideally expects just the five ways without any ABC.
Supply 22980-23108-23202-23280
Support 22880-22817-22788
FII huge shorts, which otherwise were powder for short covering vanish, they are reported as minor longs. No one knows for sure, what they have in mind.
The broader price is the wisdom print. Couple of days more to negotiate and then there is a month expiry. Overseas were on holiday and hence no cues to start with.
US GDP on Wednesday is of some importance, start of the summer usually volumes fall. Then there is election noise to surface.
Intra-day volatility continues to baffle the markets participants, sight the profits book the profit remains the only mantra if any.
While the price action shows previous high breach and thus the hopes, attached graphs clearly suggests this has happened before and the markets took U turn from there. No way suggestive of such an impending move in store, but caution helps one to avoid the fall if any.
End of 5 waves, ideally the corrective ABC, however, within this larger diagonal range, one ideally expects just the five ways without any ABC.
Supply 22980-23108-23202-23280
Support 22880-22817-22788
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.