Tuesday 16 September 2014

NIFTY STRATEGY ON 17/09/2014

NIFTY FUTURE CHART

I HAVE MENTIONED THE FIBONACCI RETRENCHMENT LEVEL IN THIS CHART. NIFTY HAS BEEN STARTED DOWN TREND. AS WELL AS MARKET IS RUNNING AS A NEWS ORIENTED. SO BE CAREFUL GO SHORT AT THIS LEVEL WITH SL OF 8137 LEVEL.


MARKET UP TREND HAS BEEN STARTED ON 08TH AUG'14. DOWN TREND HAS BEEN STARTED ON 09TH SEP'14. AS PER TECHNICAL FIBONACCI REPLACEMENT LEVEL SHOULD BE AROUND 50% (7892). IT WILL TOUCH AT 23/09/2014. 18TH MARKET WILL TOUCH AT 7956 LEVEL. ANY NEGATIVE NEWS FROM FED MEET ENJOY THIS SHORT OPPORTUNITY.

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