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.

Thursday 10 March 2016

Nifty Outlook for March '16

Nifty Outlook:   Just looking at the daily BB, i am surprised and analysing why? Just few points to ponder..
- Why NS didn't test UBB last 3 times?
- Why NS do test UBB this time?
- Why a Deep fall of 5 days was followed by a Big rally of 5 days?
All this is making me think that Downtrend is feeling a Pause right now and Nifty is gonna move further Up after this COBB.
I would expect a correction till Monday/ Tuesday for a Flip retest and to continue this Uptrend for 7700 - 8000 NS.
Positional Shorts are closed as mkt not supporting and longs will be initiated again at some Flip -  7375 - 7225 NS..

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3 comments:

  1. veer12 March 2016 at 20:25

    Thanks for the analysis.

    Regards,

    Veer

    ReplyDelete
  2. sriganeshh17 May 2016 at 20:19

    hi, no updates?

    ReplyDelete
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