NIFTY SPOT VIEW-11TH MAY 2020

Till now nifty moving according my exception way.Short term trend is now down and main trend will resume below 9100,if nifty unable to break 9100 and fail to trade below this level then market might be sideways for couple days.

I am not expecting heavy upward movement according to current price formation,for the upside nifty need to trade above 9900.

So 9900 is now real pivot for the nifty and support stand around-9100-8800.

Watch for change in trend for May 2020 are-10th-17th-25th May.

ANNUAL FORECAST

These dates are unique it will work for stock and commodity market.

Follow the index and Nifty fifty stocks for change in trend, it’s may be minor or major. If any date fall on holidays watch change in trend before or after holidays.

JANUARY 2018-4th,15th,(24th to 25th),28th.

FEBRUARY-(3rd to 4th),16th,25th.

MARCH-(1st to 2nd),(11th to 13th),23rd,(29th to 1st April).

APRIL-9th,17th,(25th to 27th).

MAY-13th,(18th to 20th),31st.

JUNE-6th,14th,(20th to 22nd).

JULY-(6th to 7th),13th,26th.

AUGUST-8th,24th.

SEPTEMBER-6th,11th,17th,22nd.

OCTOBER-10th,19th,26th.

NOVEMBER-2nd,7th,20th,27th.

DECEMBER 2018-3rd,7th,(16th to 19th),28th.

WEEKLY PRESSURE DATES :WATCH FOR WEEKLY TOPS AND BOTTOMS AROUND THESE WEEKEND.

04-01-2019,16-01-2019,01-02-2019,08-02-2019,15-03-2019,29-03-2019,14-06-2019,30-08-2019,13-09-2019,04-10-2019,20-12-2019.

DISCLAIMER :
www.ChartTrading.In is an educational website for traders and investors. This update is an information service only .The author shall not be liable for any loss or profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.