Nifty will be bearish from 11150-11200 range

Nifty 50 IndexNSE

Description

⋅ Jul 18, 2020 6:27 PM

There are following 3 indicators which indicates that Nifty will be bearish from 11150-11200 range
- There is resistance at 11150 (pink line).
- Fib indicates there is resistance at 11200 (blue line)
- Trend is going to converge around 11200 level

Trend Analysis Chart Patterns

Comments

rksharma1091

⋅ Jul 19, 2020 1:41 PM

holding nifty august put

UnknownUnicorn6572128

⋅ Jul 19, 2020 3:43 PM

@rksharma1091, but directly dont bye put options becouse there will be a chance reduce our premium

so please be patiency whaile it gives 100% confirmation

UnknownUnicorn6572128

⋅ Jul 19, 2020 3:40 PM

not a strong resistance fib level at 0.7

sanketsudan

⋅ Jul 19, 2020 3:08 AM

Weekly candle is a hanging man. Negative divergence on Nifty daily charts MACD and ADX.

rksharma1091

⋅ Jul 19, 2020 1:42 PM

@sanketsudan, i m short fren from 10800