Re: Nifty down and out
Madam I am watching your levels from day one of your post and maximum times they works excellent , but seriously i do not think they worked today.
Crucial Band of 4284 - 4275 was broken before 11 AM also , and no way bears could control the markets it was bulls according to me who took over Nifty Fut from levels of 4255 , and so nifty did not got support at 4284 - 4260 that time .
I was just trading only in Nifty today with charts and not even once i found that they got support as i was expecting that time.
Then that late bear rally was a free fall completely .
I can be wrong , and if wrong then please you can point I will edit as soon I will see your Post .
Regards
Devan
This was Predicted on Thursday for Friday's September Nifty Futures :-
Nifty Couldnt sustain above the Crucial Band of 4284 - 4275 and Fell Sharply to make a Low of 4216.
Regards,
Shravani
PHP:
[B]So this Band of 4284.75 - 4275 is very Vital and Should not be broken or else Nifty Sep Futures will have further Downfall and Bears will be the King.
For tomorrow Support for Nifty Futures is at 4284 - 4260 - 4230 - 4209 - 4192.[/B]
Regards,
Shravani
Crucial Band of 4284 - 4275 was broken before 11 AM also , and no way bears could control the markets it was bulls according to me who took over Nifty Fut from levels of 4255 , and so nifty did not got support at 4284 - 4260 that time .
I was just trading only in Nifty today with charts and not even once i found that they got support as i was expecting that time.
Then that late bear rally was a free fall completely .
I can be wrong , and if wrong then please you can point I will edit as soon I will see your Post .
Regards
Devan