Don’t take what we will discuss as a prediction or a forecast.
Instead, take it as a plan which markets can follow (and cannot) for the next few sessions.
The chances are high that Nifty can form a base in the 16600-250 zone. If not permanent, then at least for a temporary bounce.
And that can happen because:
- The 16500 is 50% of the 15671-18114.65 rally.
- The 16600-16250 is the SQUARE zone. And when the prices move back to their SQUARES, they form a base or show at least some bounce.
- May is an important month as per the free report annual report.
- We are approaching multiple crucial timing points.
So, how can you benefit from a bounce (if it happens)?
Watch for a close above the 16900-950 zone. Or watch for the early signs that prices show when they reach a crucial price & time point. In case you don’t know what early signs prices show, then grab a copy of my course signs of changes in trend.
The same system works for swing & intraday trades. And I follow the same system for my trades (I have the last copy for this year. The rest of the copies have been sold to the previous students).
I hope this view on markets will help you. – Divesh.
