Everyone thought that Nifty will shed 100 points based on the Dow Jone fall on the previous day!
But it did not happen Why? Have any one analysed?
Technically it has been answered. See the nifty future close on Monday. It closed at 10270. What is so important about this number?
See the high on 21/3/18. It was 10266. That was the high made during 19-24th March week. It has surpassed the high made two weeks back.
Any big leap made on the beginning of the month of new expiry will not be given up so easily. Now nifty future will aim to clinch the next high of 12th to 16th March which is 10490. But there is a hurdle 10437 before that. Let us see how it happens. So do not get confused. Now Dow may rather follow Nifty.
Always try to link the close with previous months' highs and lows. You will avoid disappointments and wrong trades.
My members are well trained in this. They are perfect in two critical points:
1. No Wrong trade come what may.
2. Technically they are stronger as there is no hide and seek policy. Develop them strongly to get in to technical and then make money in market.
Do reach me on email narayanansrirangam@gmail.com
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