Hi all,
Let me start a new thread, but would like to give a weekly snapshot on the weekends as I'm pretty busy in the weekdays.
Nifty for Sept 3rd - Sept 7th
Markets could not cross the 5450 barrier and negative divergence was a clear indication to short. The target is 5220 - 30 and is yet to be achieved.
Markets can be rangebound between 5200 - 5375. This week 5220 -30 is a strong support. Below 5200 with volumes is a clear indication of the continuation of downword journey (rising wedge pattern) with a target of 4800.
Happy Trading
Sankalp
Let me start a new thread, but would like to give a weekly snapshot on the weekends as I'm pretty busy in the weekdays.
Nifty for Sept 3rd - Sept 7th
Markets could not cross the 5450 barrier and negative divergence was a clear indication to short. The target is 5220 - 30 and is yet to be achieved.
Markets can be rangebound between 5200 - 5375. This week 5220 -30 is a strong support. Below 5200 with volumes is a clear indication of the continuation of downword journey (rising wedge pattern) with a target of 4800.
Happy Trading
Sankalp