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.

Monday, 22 February 2016

Nifty Outlook for Feb'16

Nifty Outlook: As i was expecting, Nifty gave a fall last week and last to last week. My positionals entry is marked with a Blue arrow, It was at Bearish Engulfing at MBB as a BPB of the marked zone.
50% Partials are booked at Hammer EOD near 6980. An easy 400 pts ride without any hickup.. Rest will be kept till i get a signal of end of this fall or at SL = 7510 NS.
Now mkt has moved quite well sustaining below yearly lows. Its again making a beautiful setup to add to the Shorts kitty..
If  by tomorrow, Nifty moves above 7315 NS, i will assume a pause in downtrend & will not add without any good signal. Else, I will add my partial Shorts again tomorrow EOD.
(Yess, i don't care about Budget and all News, i trade what i see on charts... Lets see how it unfolds)

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