nifty has surged in excess of historical price channel and thus we should begin looking for signs of price reversal. the markets are way over bought!
Note
Markets have shed more than 500 points since this idea was published!Note
the downfall continues!!!!!Note
the markets have made a reversal pattern now.......the future looks easy to predict.......it will be another move up......retest 11700......and then funal fall.......we are now in a bear hug.......worst of all.......markets may lack the strength to reach 11700 too!Note
nifty has fallen more than 1300 points since our callnow it is showing another interesting pattern
i suggest to cover all shorts before close on 8 oct 2018!
Note
the market has assumed a bullish structure.....bears failed to get a weekly pivot low below 10000 so far and its actually higher than last pivot low......markets may see a major bounce tomorrow......see the last two pivots in this chart
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.