NIFTY AFTER MARKET ANALYSIS AS ON 6 DECEMBER 2018

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In today session we predicted that Nifty will open in gap down and exactly same happened. Market opened almost 64 points down at 10718. As we mentioned that if market opens or trades below 10774, then market tends to slide down and exactly same happened... Market opened at 10718 and slide down to hit 10702 level .  We also mentioned that 10675 is a very crucial level and needs to unwind strongly.  After market opened within half an hour of the first trading hour Nifty unfolded 10675 level very strongly and headed directly towards 10645-10650 levels. Nifty tried to find support within 10645-10650 level. There was a slight retracement of almost 50 points up to 10695.... here also we had mentioned in investing.com discussion forum that nifty may go up to 10695 levels.... and the same happened again.... made a high of 10695.5 ,  but market failed to hold that level and as predicted Nifty again came down and breaked the previous intraday low of 10641 and then fell down to 10589 level....however managed to close around 10601.5 level....our intraday targets were..... below 10774....10748/10730/10702/10675/10595/10583 levels.... all the levels achieved... . We predicted on 5th December that if Nifty is supposed to crash by 200 to 300 points and see today Nifty is down to almost 300 points... what else......??????????????

Disclaimer: This is Nifty 50 trading strategy as per  our analytical point of view and is subjected to change due to global market situation, sentiment and fundamental analysis. Investment and trading in index and equity has its own risk. This material is solely for educational purpose and the authors are not responsible for any profit or loss incurred based upon the analysis.


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