Nifty took resistance of rising channel line @ 5190 and fell sharply to take support of falling wedge @ 5042 and shut shop @ 5064.Nifty has formed a Bearish engulfing candle on the daily charts,which is very bearish.
Today Nifty opened gap up and made high of 5190,it was 50+ points from fridays close,but friends,did u watch option calls 5200CE,5300CE were negative.How did it happen???.Million dollar question??.Who knew the news of RBI policy before it released,which smart money sold the CALLS in tons before RBI policy.MERA BHARAT MAHAN.Just by watching calls u could have shorted Nifty in tons @ the open.Everything is fake and fraud,chor bazaari.
RESISTANCE
200SMA-5073
50SMA-5067
SUPPORT
20SMA-4980
FALLING TRNDLINE @ 5030.
Watch carefully horizontal lines drawn on the chart.These are solid Resistance and Support lines.
RESISTANCE
5138,5086.
SUPPORT
4980,4960,4860,4820.
(SPOT LEVELS)
Today Nifty opened gap up and made high of 5190,it was 50+ points from fridays close,but friends,did u watch option calls 5200CE,5300CE were negative.How did it happen???.Million dollar question??.Who knew the news of RBI policy before it released,which smart money sold the CALLS in tons before RBI policy.MERA BHARAT MAHAN.Just by watching calls u could have shorted Nifty in tons @ the open.Everything is fake and fraud,chor bazaari.
RESISTANCE
200SMA-5073
50SMA-5067
SUPPORT
20SMA-4980
FALLING TRNDLINE @ 5030.
Watch carefully horizontal lines drawn on the chart.These are solid Resistance and Support lines.
RESISTANCE
5138,5086.
SUPPORT
4980,4960,4860,4820.
(SPOT LEVELS)