BANK NIFTY FUTURE FOR NOVEMBER
A WARNING TO YOU ALL MY DEAR FRIENDS......... AS EXPLAINED IN THE CHART
1. WE MADE A HIGHER HIGH ...... BUT BROKE DOWN ..... MOREOVER, IT WENT LOWER TO 24134.... WHICH WAS LOWER THAN 24167
2. BNF MADE HIGHER HIGHS..... CAME DOWN... N BOUNCED BACK AGAIN, BUT DID NOT SURPASS THE HIGH FOR THE DAY@ 1ST WARNING BELLS
3. THERE IS A NEGATIVE DIVERGENCE WHICH HAS COME INTO PLAY TODAY FOR MANY BANKING STOCKS/BANK NIFTY AND NIFTY.
4. STAY IN CASH ONLY...... FUTURE VOLATILITY IS NOT FOR THE FAINT HEARTED.
5. I EXPECT A GAP DOWN TOMORROW BASED ON THE NEGATIVE DIVERGENCE, AND I EXPECT NIFTY SPOT TO GET CLOSE TO 11560-640 ZONE NOW.
6. PRUDENT TO SAY THAT PLEASE DO YOUR OWN STUDIES AND TAKE A STAND
1. WE MADE A HIGHER HIGH ...... BUT BROKE DOWN ..... MOREOVER, IT WENT LOWER TO 24134.... WHICH WAS LOWER THAN 24167
2. BNF MADE HIGHER HIGHS..... CAME DOWN... N BOUNCED BACK AGAIN, BUT DID NOT SURPASS THE HIGH FOR THE DAY@ 1ST WARNING BELLS
3. THERE IS A NEGATIVE DIVERGENCE WHICH HAS COME INTO PLAY TODAY FOR MANY BANKING STOCKS/BANK NIFTY AND NIFTY.
4. STAY IN CASH ONLY...... FUTURE VOLATILITY IS NOT FOR THE FAINT HEARTED.
5. I EXPECT A GAP DOWN TOMORROW BASED ON THE NEGATIVE DIVERGENCE, AND I EXPECT NIFTY SPOT TO GET CLOSE TO 11560-640 ZONE NOW.
6. PRUDENT TO SAY THAT PLEASE DO YOUR OWN STUDIES AND TAKE A STAND
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