I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Monday 15 June 2015

Nifty Positional View - 15.06.2015

Positional: Daily Chart shown below with a good Downward Bias-

Now, the possibility arising are -
1) Short on BPB of the Low around 7940. Tgt is way below at 7750. Move should be fast enough & COBB will give more confidence.
2) Let it take a breather till 8160 & short it there. MBB should act as resistance & should support our position.