[9:44 AM, 4/4/2020] Jiten Patel: Revised NIFtY Probability levels for FY 2020.....
High Levels.......@13600
LOW Levels.......@7200......
On WORST CASE Scenario NIFty levels can Stoop Down to @6450.....
TECHNICAL ANALYSIS.......
NIFTY has Broken it's 10 years Rectangular Channel Support Trendline on the Downside very Convincingly....... And if NIFty trades Below @9400 for a longer period of time then as per the Rectangular Channel Support Trendline BREAk Down the NIFty TGT lvls which can be seen in few months time.....@6450......
As earlier also I have written upteem number of Times about Boiling Frog 🐸 Syndrome.....
If NIFty BREAK on the Downside is confirmed that the market will come down slowly slowly like giving small small dose of Poison.......The market will not correct like what it did few days back when the Volatility was at ITS PEAK......
Henceforth the market will Correct more Slowly and Gradually without us even coming to know and without even our Understanding and NIFty will keep on MAKING NEW Lifetime LOWS.....
Please note the Above is a Probabilistic Scenario and Anything can Happen......
The above is my personal opinion and view only and not a recommendation to buy or sell and I reserved to be proved otherwise ALSO.....
Please consult your Financial Advisor before Investing.......
[9:57 AM, 4/4/2020] Jiten Patel: NIFty @6450 is UNBELIEVABLE WORST CASE SCENARIO.....
EVEN I DON'T KNOW WHETHER IT WILL COME OR NOT......
BUT THE PROBABILITIES ARE ALWAYS THERE.......
BUT I AM STILL OF THE OPINION THAT FOR NIFTY TO GO BELOW @7200 LOOKS VERY DIFFICULT......
IT IS MY PERSONAL OPINION AND VIEW ONLY AND NOT A RECOMMENDATION TO BUY OR SELL AND I RESERVED TO BE PROVED OTHERWISE ALSO.......
[10:14 AM, 4/4/2020] Jiten Patel: The Current Market Conditions can have a Peculiar Similarities like the Period from 2000 to 2002/2003.....
A New Life time High was made in 2000 thereafter the Market Corrected for 2/3 years and thereafter the Biggest Bull Market Rally Started......
In Current Market Scenario NIFty had a High in 2020..... now the Correction in NIFty can Prolonged till 2022/2023.....
But Markets will be within a Range....... from BOTTOM it can go up 50% then again Correct then again go up..... then again Correct but NIFty will not make New life time Highs
High Levels.......@13600
LOW Levels.......@7200......
On WORST CASE Scenario NIFty levels can Stoop Down to @6450.....
TECHNICAL ANALYSIS.......
NIFTY has Broken it's 10 years Rectangular Channel Support Trendline on the Downside very Convincingly....... And if NIFty trades Below @9400 for a longer period of time then as per the Rectangular Channel Support Trendline BREAk Down the NIFty TGT lvls which can be seen in few months time.....@6450......
As earlier also I have written upteem number of Times about Boiling Frog 🐸 Syndrome.....
If NIFty BREAK on the Downside is confirmed that the market will come down slowly slowly like giving small small dose of Poison.......The market will not correct like what it did few days back when the Volatility was at ITS PEAK......
Henceforth the market will Correct more Slowly and Gradually without us even coming to know and without even our Understanding and NIFty will keep on MAKING NEW Lifetime LOWS.....
Please note the Above is a Probabilistic Scenario and Anything can Happen......
The above is my personal opinion and view only and not a recommendation to buy or sell and I reserved to be proved otherwise ALSO.....
Please consult your Financial Advisor before Investing.......
[9:57 AM, 4/4/2020] Jiten Patel: NIFty @6450 is UNBELIEVABLE WORST CASE SCENARIO.....
EVEN I DON'T KNOW WHETHER IT WILL COME OR NOT......
BUT THE PROBABILITIES ARE ALWAYS THERE.......
BUT I AM STILL OF THE OPINION THAT FOR NIFTY TO GO BELOW @7200 LOOKS VERY DIFFICULT......
IT IS MY PERSONAL OPINION AND VIEW ONLY AND NOT A RECOMMENDATION TO BUY OR SELL AND I RESERVED TO BE PROVED OTHERWISE ALSO.......
[10:14 AM, 4/4/2020] Jiten Patel: The Current Market Conditions can have a Peculiar Similarities like the Period from 2000 to 2002/2003.....
A New Life time High was made in 2000 thereafter the Market Corrected for 2/3 years and thereafter the Biggest Bull Market Rally Started......
In Current Market Scenario NIFty had a High in 2020..... now the Correction in NIFty can Prolonged till 2022/2023.....
But Markets will be within a Range....... from BOTTOM it can go up 50% then again Correct then again go up..... then again Correct but NIFty will not make New life time Highs
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