I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Tuesday, 2 February 2016

Nifty Outlook for Current Week - 02.02.2016

Nifty Outlook -  Today was a crucial day for Nifty. Nifty Couldn't sustain near 7600 levels, but managed to save below support. Many people still counting waves for 8000 and above Tgts. I am still not convinced with this upmove & assume it as a technical correction only.
NOW, the very probable move of Nifty seems to me like- It will make a Medium term Top in either 7600 -7660- 7700 level. Daily UBB is also coming in 7700 DP zone.
I am gonna Short NF near any of these 3 levels with first sign of weakness & i look forward to get a breakdown of Lowest Low.
I am planning to ride this full move. It may be catching a Black Swan.. and i will try to ride it & will keep rolling to next month (which is really difficult if doing for full year, but will check my patience levels) it to my Lowest Targets - nearly 6300 NS with my SL above 7800 levels initially.

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