Attached above is the chart of Indian NIFTY Index Hourly Chart.
Triple confirmations have been made in the NIFTY as a strong show of intentions.
The sell off in India is far from over as per warned.
The market in India had also proceeded to unload heavily at high prices here:
http://donovan-ang.blogspot.sg/2014/05/market-vectors-india-small-cap-index.html
As for NIFTY iteself:
Added more Shorts on India NIFTY Index at 7298 points yesterday
Strong Market Rejection of NIFTY at >7400 points as per previously highlighted
HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA
HIGH DOWNSIDE, LOW UPSIDE
SELL/SHORT ON POSITIVE SENTIMENTS IN INDIA
Minimum profit levels:
At least 800-1000 points downside.
India NIFTY Index post-election is a straight SELL/SHORT per reiterated.
Refer to past NIFTY analyses on why sell post-election India.
Refer to past NIFTY analyses on why sell post-election India.
All past Indian Financial Market Analysis (NIFTY):
Note:
India Index is available for trading in IGmarket.
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