So here is what I feel MAY happen to the Indices going forward. The BNF has resistence at 44100-44200 range. Now remember...... watch this UPMOVE IF IT TAKES PLACE ALONG WITH THE RSI DIVERGENCE INDICATOR. If we move up, but the Divergence Reading makes a HIGHER LOW READING..... then you will know it is time for a PULLBACK. The Parallel lines indicate the Resistence at the TOP and the Supports below. The Green Arrow says that a Move MAY take place to the upside from any of the supports, and the RED arrows indicate the TARGETED downside. All the Best.............. play your cards well
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WATCH 19450 NIFTY SPOT
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THE RSI DIVERGENCE IS MAKING HIGHER READINGS ........... HENCE DO NOT SHORT. I REPEAT DO NOT SHORT
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WAIT FOR ANOTHER DIVERGENCE TO GET CREATED TO GO SHORT......... MARKET IS STRETCHED IN THE VERY SHORT TIME FOR ME
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IT MAY SUIT SOME OF YOU TO BUY '' OTM ''' PUTSS NEXT MONTH.... LIKE EVEN 42500 PE