Technical View On Nifty

If there is some small sign of a dip, treat like as a dip, do not think like as a crash. In my previous note I made a seasonal probability. But here I am writing my technical view on #Nifty.

Capture6Yesterday Nifty breach and close above its previous high, this is a bullish sign, even some bearish player may try to make some short here and they’ll trap in near term.  Every possible indicator shows me a bullish pattern on card. Here I am not giving you any near target, but according to EL Wave theory this bull may take some rest around 10,380 mark. At this time when I am writing this note DOW J works @ 22949 mark.

Capture7

This is also a bullish sign. Yes I know this time is a bullish period for the globe, But I am not confident due to seasonal patterns. Even I am not getting any specific idea on astro time cycle theory.  Therefore I do not suggest you to make a new position here. My this advice is only for small investors. If you have a good fund to make some bets then you can.

To get Buy or Sell recommendation please check our Nifty Prediction 2017 book.

At this time when I made this prediction Dow, S&P 500 and Nasdaq hit record highs ahead of Netflix earnings. Even Europe closes mixed with Spain’s IBEX down on Catalonia crisis.

Krishna Attri

This commentary and Expert are not recommendations to buy or sell, but rather a guideline to interpreting the indicators and chart patterns. This information should only be used by investors who are aware of the risk inherent in securities trading. Investors are further advised that successful investing is more art than science and, therefore, no strategy, chart, graph, system, method, formula, theory or philosophy can guarantee profitable results. Investors should understand that any security investment involves a degree of risk. The facts, information, data, indicators and charts presented have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. Before making specific investments, further investigation and confirming analysis with other indicators is recommended. Attri Forecast Co. accepts no liability whatsoever for any loss arising from any use of this expert or its contents.