Nothing is suggesting for market to go down much below 7070. However trade with caution.

With the important event lined up for the day, it is important that one enters into trade with the understanding of  TA using more than one tool. Hence additioal chart of  MP and P n f is posted for more clarity.

As per TA nothing is suggesting for market to go down below 7070 level.  If market happen to trade
below 7070 one has to be extremely cautious with Long trade.

It is suggested to have 20 pts STLP for any entry.


Wish you Happy Trading.

NIfty may attempt 7120 from where it may fall to 6930 or lower.

Wish you Happy Trading.

The corrective phase may continue for few moe days.

Market may continue to trade between 6730 - 6850 for few more days and then may attempt 6900+. In case market happen to cross 6950 more up side can be expected failing which we may expect a correction of  300 - 400 pts from 6870 / 6910 level.

Wish you Happy Trading.

During the 2nd session market may be moving higher.

................................................................OR  ............................................................

Wish you happy trading.

Market moving towards 6600 level.?

                                                   ...............OR..............................      

Wish you Happy Trading