wel this is the chart of nifty 30 min....
1. trading below 200 ema.
2. rsi below 29..
3.sentiments also weak...
but y i hv a contra view...
1. 9200 ce chart at support of 3 mnth...
2. 9100 pe has given a breakout but has huge resistance at 80 odd levels..
3. nifty hopefully might take support at the red band ...
4. evn may charts r at support..
so wait for nifty to come down to level between 9081- 9058 and relax a bit ... then initiate a buy thr...
buy at 9060- 70 zone for the black band for expiry......ie 9150- 9170 zone.....lets c...
only caution is if nifty 9100 pe breaks 100 anytime then expiry will be at 9030 levels....
disclaime : bias view & for self ....
1. trading below 200 ema.
2. rsi below 29..
3.sentiments also weak...
but y i hv a contra view...
1. 9200 ce chart at support of 3 mnth...
2. 9100 pe has given a breakout but has huge resistance at 80 odd levels..
3. nifty hopefully might take support at the red band ...
4. evn may charts r at support..
so wait for nifty to come down to level between 9081- 9058 and relax a bit ... then initiate a buy thr...
buy at 9060- 70 zone for the black band for expiry......ie 9150- 9170 zone.....lets c...
only caution is if nifty 9100 pe breaks 100 anytime then expiry will be at 9030 levels....
disclaime : bias view & for self ....
Trade active
IF THE BLACK BAND IS CROSSED( I HV MY DOUBTS ) THEN EXPIRY AROUND 9300..
OTHERWISE VIEW OF 9170 FOR EXPIRY IS INTACT...
DISCLAIMER: VIEW IS FOR SELF ONLY