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Nifty Moved As Anticipated.
Anticipated on 27 / 09 / 2017.
Buy Position Created on 28 / 09 /2017.
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Anticipated on 27 / 09 / 2017.
Buy Position Created on 28 / 09 /2017.
Targets Achieved as on 06 / 10 / 2017.
On our post dated 27th Sep. 2017, we mentioned that the level of T5 could act as a major support and if the market has to bounce back and resume it's uptrend then this could act as a turning point. For authentication purpose, visit :
The very next day i.e. on 28th Sep 2017, Nifty first started to show signs of reversal and finally gave upside breakout in the last 30 minutes of the trading session. From there on, we created our BUY position with targets as T 3 , T 2 , T 1 & the two red lines above T 1.
The way the bullish breakout came on 15 mins chart, it also showed the possibility of the formation of Head & Shoulder Pattern ( see pic 2 ) and if almost all our targets were to be achieved then the breakout of the possible pattern had to be there for sure.
As per the current scenario, 4 out of 5 targets have been achieved and hopefully, as the upside momentum continues we will witness the achievement of the residual move.
The Global markets, namely, Dow Jones, Nasdaq, DAX etc had already resumed their uptrend prior to our Benchmark Index, and are currently trading at their life time highs. As the cold war between US and North Korea, which was the main cause of global consolidation, has also gone into a silent zone. If the Geo - Political Tensions remain under control then the Global markets will continue their upside and we shall witness further new highs.
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Forex , Commodity, Equity, Indices etc.
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Prudent Investments.
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Call : + 91 - 8585994465.
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