Still Some Gap For Downside?
In my previous article which was publish on 01st
Dec 2018 where I have mentioned that Nifty support level of 10700 Spot Level
will play an important and crucial role (Here is the Link of previous article:-https://in.investing.com/analysis/fasten-your-seat-belt-as-some-flight-turbulence-ahead-in-nifty-200206407.
Yesterday after gap down opening it has break that level of 10700 Spot Level on Daily chart and also formed a bearish price pattern called Ascending Tringle or Down Flag with volume which might drag down the Nifty to previous low of 10000-10100 but with important resistance on the upside will be 10665.
Below is the chart.
Nifty may witness some flight turbulence in next week as in Month because of Global and Micro Economic data will be publish such events like ,US Trade War, State Election Result and Opec Meeting.
So before taking any view / position on index do consult with your Financial Adviser.
Disclosure:- This presentation / newsletter / report is strictly for information and illustrative purposes only and should not be considered to be an offer, or solicitation of an offer, to buy or sell any securities or to enter into any Portfolio Management agreements. This presentation / newsletter/ report is prepared by Chirag R Sanghvi. Any dissemination, copying or circulation of this communication in any form is strictly prohibited. Neither me nor any of their respective affiliates or representatives make any express or implied representation or warranty as to the adequacy or accuracy of the statistical data or factual statement concerning India or its economy or make any representation as to the accuracy, completeness, reasonableness or sufficiency of any of the information contained in the presentation / newsletter / report herein, or in the case of projections, as to their attainability or the accuracy or completeness of the assumptions from which they are derived, and it is expected each prospective investor will pursue its own independent due diligence. In preparing this presentation / newsletter / report, Chirag R Sanghvi is not liable for any loss or damage (direct or indirect) suffered as a result of relay upon any statements contained in, or any omission from this presentation/ newsletter / report and any such liability is expressly disclaimed.
Yesterday after gap down opening it has break that level of 10700 Spot Level on Daily chart and also formed a bearish price pattern called Ascending Tringle or Down Flag with volume which might drag down the Nifty to previous low of 10000-10100 but with important resistance on the upside will be 10665.
Below is the chart.
Nifty may witness some flight turbulence in next week as in Month because of Global and Micro Economic data will be publish such events like ,US Trade War, State Election Result and Opec Meeting.
So before taking any view / position on index do consult with your Financial Adviser.
Disclosure:- This presentation / newsletter / report is strictly for information and illustrative purposes only and should not be considered to be an offer, or solicitation of an offer, to buy or sell any securities or to enter into any Portfolio Management agreements. This presentation / newsletter/ report is prepared by Chirag R Sanghvi. Any dissemination, copying or circulation of this communication in any form is strictly prohibited. Neither me nor any of their respective affiliates or representatives make any express or implied representation or warranty as to the adequacy or accuracy of the statistical data or factual statement concerning India or its economy or make any representation as to the accuracy, completeness, reasonableness or sufficiency of any of the information contained in the presentation / newsletter / report herein, or in the case of projections, as to their attainability or the accuracy or completeness of the assumptions from which they are derived, and it is expected each prospective investor will pursue its own independent due diligence. In preparing this presentation / newsletter / report, Chirag R Sanghvi is not liable for any loss or damage (direct or indirect) suffered as a result of relay upon any statements contained in, or any omission from this presentation/ newsletter / report and any such liability is expressly disclaimed.
Comments
Post a Comment