Tag Archives: nifty next target
What Can be the Bank Nifty Target 2017?
Last few analysis I have mainly concentrated on Nifty index. Those who are new to this site dont know that I have predicted 9150 in Nifty when Nifty was trading at 9600. The prediction gave a super 550 points gain to our readers. You can read the post at: Fresh Breakout? What Is The Next Target Of Nifty? Once our target zone hits I asked to stay in sidelines.
But what in store for Bank Nifty? Watch the image below. You can see that
Those who are following me know that for some time I am in sideline from trading Nifty as my last upside target of 9180 got hit. You can read this post: Nifty Trend Analysis: My Nifty Target 9180 Hits, Now What Is Nifty View? Now the difference between a professional trader and a novice is that a novice always expectes more. I know people are following the TV stars, they are talking
My readers know that since end of January 2017 I am talking of 9180 on Nifty. Those who dont know the significance of 9180 should first read my January’s post Fresh Breakout? What Is The Next Target Of Nifty? My target is almost done and last week I had asked to create an anticipatory short in my post <a href="http://www.stockmaniacs.net/short-sell-nifty-futures-rs-24000-profits-holi/
Last trading day Nifty have finally closed above its short term resistance mark of 8820. Last Friday Nifty opened close to 8900 and tested 8820 from there on the downside, bounced up and retested 8820 again and finally managed to close at 8821.70. Now where is Nifty headed? Is it a breakout from the range?
Aparently it looks like a breakout from the range, still last day’s bear candle does not support a bull run either. The inherent bias is still UP, so buy on dips may be the strategy but
Those who have read my last post on Nifty here at Fresh Breakout? What Is The Next Target Of Nifty? must have made good money buying Nifty. I clearly was bullish on Nifty and Bank Nifty and both the indices have made good money for long trades. So Nifty has reached almost 8750 post union budget 2017. Now what should be the trading strategy for Nifty? Should you short it? Should you buy now