NIFTY - Looking Sell Side
Haribol !
The Index has been on the sell side and nothing has happened to suggest we need to buy/Long. The 1H /4H/D charts tells me a clear rejection of the All important 200 Ema and a clear downward momentum rekindling. I have shared the EW Cycle in previous Ideas but thats just a fraction of matter
I cant fathom the reason every tom dick n harry is giving buy signals for the index , Picking Bottoms can be a messy affair cuz Bottoms are Smelly :-) Lol.
Todays Prediction.
Jokes apart.
Nifty should hover at these levels during the first hours after open. & Maybe make a move down later or even next week. So for me I would like to sell but am happy to sit on my hands until a decent opportunity shows up.
Cheers
The Index has been on the sell side and nothing has happened to suggest we need to buy/Long. The 1H /4H/D charts tells me a clear rejection of the All important 200 Ema and a clear downward momentum rekindling. I have shared the EW Cycle in previous Ideas but thats just a fraction of matter
I cant fathom the reason every tom dick n harry is giving buy signals for the index , Picking Bottoms can be a messy affair cuz Bottoms are Smelly :-) Lol.
Todays Prediction.
Jokes apart.
Nifty should hover at these levels during the first hours after open. & Maybe make a move down later or even next week. So for me I would like to sell but am happy to sit on my hands until a decent opportunity shows up.
Cheers
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