NIFTY SPOT AFTER SO MANY DAYS MADE A HIGHER LOW, HIGHER HIGH & A HIGHER CLOSING ON TUESDAY. IRRESPECTIVE OF THE SMALL DIFFERENCE BETWEEN THE LEVELS OF MONDAY & TUESDAY, THE PRICE ACTION OF TUESDAY MAY BE THE EARLY INDICATION OF END TO THE DOWN SIDE CORRECTION . HOWEVER IN CASE MONDAY’S LOW OF 5566 IS BREACHED THEN ONE MAY AGAIN INDULGE IN RUTHLESS SHORTING TO SEE 10TH APRIL LOW OF 5477 BEING RETESTED BEFORE THE RESUMPTION OF MEGA BULL RUN.
FOR WEDNESDAY’S TRADING ALTHOUGH IT MAY BE TOUGH FOR SPOT NIFTY TO BREACH TUESDAY’S HIGH OF 5666 DECISIVELY TO CLOSE ABOVE IT YET, SHOULD SPOT NIFTY BREACH 5666 AND CLOSE ABOVE IT THEN ONE MAY SEE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS MUCH HIGHER LEVELS OF 5686, 5707 FOLLOWED BY 20TH JUNE OPENING GAP HIGH OF 5753 SPOT LEVELS. ONE MAY BOLDLY BUY IN CASE NIFTY FALLS BELOW 5600 INITIALLY TOWARDS TUESDAY’S LOW OF 5570 OR SELL IN CASE SPOT NIFTY MOVES TOWARDS 5675 TO 5685 ZONE BY HAVING SUITABLE STOP LOSSES. SUPPORT FOR SPOT NIFTY COMES AROUND 5598 INITIALLY FOLLOWED BY 5584 & THEN THE DANGEROUS 5570 TO 5565 SPOT ZONE BELOW WHICH BULLS MAY GET BUTCHERED FOR MUCH LOWER LEVELS.
FOR WEDNESDAY’S TRADING ALTHOUGH IT MAY BE TOUGH FOR SPOT NIFTY TO BREACH TUESDAY’S HIGH OF 5666 DECISIVELY TO CLOSE ABOVE IT YET, SHOULD SPOT NIFTY BREACH 5666 AND CLOSE ABOVE IT THEN ONE MAY SEE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS MUCH HIGHER LEVELS OF 5686, 5707 FOLLOWED BY 20TH JUNE OPENING GAP HIGH OF 5753 SPOT LEVELS. ONE MAY BOLDLY BUY IN CASE NIFTY FALLS BELOW 5600 INITIALLY TOWARDS TUESDAY’S LOW OF 5570 OR SELL IN CASE SPOT NIFTY MOVES TOWARDS 5675 TO 5685 ZONE BY HAVING SUITABLE STOP LOSSES. SUPPORT FOR SPOT NIFTY COMES AROUND 5598 INITIALLY FOLLOWED BY 5584 & THEN THE DANGEROUS 5570 TO 5565 SPOT ZONE BELOW WHICH BULLS MAY GET BUTCHERED FOR MUCH LOWER LEVELS.
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