TRADING STRAEGY

CHANAKYA EARNING CLASSES         Follow me onTwitter

NIFTY CREATES WOLF-WAVE PATTERN ON THE DAILY CHART.
IF NIFTY BREAKS THE LEVEL OF 5420 ON CLOSING BASIS, THEN IT HAS TARGET OF 5500/5580/5620/5690.
5380-5400 IS A RESISTANT LEVEL AND AHEAD OF RESULT SEASON MARKET CAN GO SIDEWAYS. SO BETTER WAIT FOR PROMINENT MOVE ON THE CHART.
SUPPORT LEVELS ARE 5320/5270/5210 
CHANAKYA EARNING CLASSES

NIFTY

NIFTY CLOSES ABOVE ITS 100 & 200 DAY MOVING AVERAGE BEFORE EXPIRY,
WE CAN SAY IT WILL BE A POSITIVE SIGN FOR THE MARKET BUT RISING USD $ AGAINST INR IS A CONCERNING TOO.

5200 WILL BE DECIDING LEVEL FOR THE MARKET, WHETHER MARKET WANTS TO GO UP OR DOWN.

VIKRAM KULKARNI
FOR CHANAKYA EARNING CLASSES.