I, usually or rarely write on Nifty, but some patterns or clues triggered to me, henceforth brief on NIFTY50 December futures
Nifty Futures December Magic Number for me is 10280
Currently trading at 10270!
Anything below my magic number for few weeks or by November expiry, would drag nifty future December another 5 to 7 %, I. E 9600 extreme too impossibly possible!
Above the magic number for nifty, may take nifty to 2. 5to 4.5%
As of now Bears as risk reward favour
But reality is, nifty will be trading to and fro and confuse both bears and bulls, before breaking out the extremes level
i. e 9600 to 9800 plus or minus 0.75%
10500 to 10770 plus on minus 0.75%
We need to be flexible as the levels approaches the extreme levels
Global markets weakness with anti government vibes will take markets down
Vice Versa on upside
Crude and currency has to be favourable along with elections vibes to move forward, another outliers are global markets
Anything can happen
Be prepared and tighten the seat belt
Trade less, trade form savings money
All the best
Sagar U.S
