NIFTY MAY FUTURE :
If 50% of rise took out on very next day then it means that market undertone is weak. Sustained trades below 5068 will put the market on sharp edge for fall.
I gave a levels of 5133, very surprisingly it remains untested
I gave a levels of 5133, very surprisingly it remains untested
It has already formed double top pattern with second top lower than the first one. Strong caution required if you are still on long side. 101% fall hit much earlier than what I was expecting. It might be due to overdone rise yesterday.
Always read few previous article to understand intraday updates. Above charts and levels are for NIFTY MAY FUTURE, do not mix those for NIFTY Spot.
Trade safely,
Praveen Kumar
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