India
Short the Nifty 50 for a double bottom back to 7600 by sept1. There's a clear bearish wedge that's formed in the past 3 months bear market rally.
2. The 10000-10500 zone is strong resistance
3. 61% fibonacci retracement is also going to provide resistance as bear market rallies shouldn't really violate this level
4. FIIs (foreign institutional investors) have been continuously selling into strength which does make for a very weak case for continued bullish moves
5. I am also bearish on the american markets, which could alone be a strong enough reason, above and beyond the aforementioned points.
The COVID death curve in India hasn't flattened - false dawn :(Unfortunately, the same thing possibly happening in the USA (COVID-19 DEATHS US) has already happened in India: there was a flattening of the curve but as of week beginning 15th June 2020 the percentage change of deaths is 36.74% matching what it was in week beginning 11th May 2020, 36.75%, and so dispelling any notion of a flattened curve.
Nifty Trade Setup For Day Or swing Trader !Hello guys,
What are you doing?
As you saw from last 4-5 days nifty Is riding between 9750-10000 level Consolidation between the same zone,
When the price is consolidation between the same zone its means we will see a big move in nifty in upcoming days either its bullish or bearish.
Bt According to elliote wave setup currently we are riding on 4 the wave-making Bear flag as you can see in chart I am bearish in nifty for target 9600-9400-9200, You saw an inverse cup and handle pattern, it makes our winning ration more success in trades
So what will we do next?
Make your view In short sight until Price is not riding above control price, Nifty is weekly support 9720 if it will break in next week we seen Price toward our target.
I am shorting nifty below 9820 For Target 9750-9700-9650 ( Day trader )
Short nifty below 9720 for Target 9600-9500-9400 (Swing Trader )
Between this range, you will see up and down moves so book your profit in this market or using trailing stop-loss in trades
Please like if you like my analysis
Thanks
US30 ShortUS30 in short windows. its 9am and stocks are now up. you can risk for a high gain.
for small accounts 0.05 lot is enough for a good day.
USDINR - tracing minor 5 - new highs aheadUSDINR is tracing minor wave 5 of intermediate eave 3. We should see new highs ahead. The most probable target is the range from 82 to 87. If price crosses down 72.50 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.