NIFTY: INTRADAY Support & Resistance for 28th July 2017

NSE:NIFTY   Nifty 50 Index
Intraday LEVELS Plotted on the CHART.
SCROLL UP & DN for MORE Levels (If Trading Range INCREASED)

NIFTY: Candle Pattern indicates Bulls struggling near All time High point

Indicators & Oscillators indicates "Sell on Rally".

Levels plotted on chart, Using AUG 2017 Series.
Though Volatility differs from July 2017 Series (as per FnO data).

(Chart Using Volatility of July 2017 Series in end of Description)

Trade Setup for FnO Traders on 28th July 2017:
LONG if Stay Above @ 10085 for 15 Min / Crossed @ 10095.

TGT: @ 10108 - @ 10120 ( HZ #1,Trend Finder Zone),
@ 10148, @ 10171, @ 10186 - 10198 (HZ #2), @ 10225+

SHORT if Stay Below @ 10055 for 15 Min / Dipped @ 10046

TGT: @ 10031 - @ 10020( BZ #1,Trend Finder Zone),
@ 9992, @ 9968, @ 9954 - @ 9943 ( BZ #2), 9915-

If enriched your knowledge,
Please don't forget to Hit Like button.

Comment appreciated.

Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

The levels mentioned below mentioned chart
using Volatility of July 2017 Series.

Compare with Main Chart while trading.

Jul 28
Comment: Nifty Nearing : "PCL: 9943"
Made a LOW @ 9949

FnO trader Enter LONG @ 9994

TARGET: 15 - 24 - 35+ point
SL: 20 point.
Jul 28
Comment: NF: @ 10013+
Achieved 17 point (TGT #1)
Keep TSL As wish. / Bok Partial profit.
Jul 28
Comment: After Given LONG View made a HIGH @ 10019.8
+25 point. Target #2 Achieved.

Keep TSL As wish. / Bok Partial profit.
Jul 28
Trade closed: target reached: Till now made High @ 10026 (After entry LONG)
+32 pointt

@ 10029 looks Crucial.

Safe trader can EXIT @ 10029 or as WISH

Though has Potential to made NEW DAY HIGH.
Jul 28
Comment: NF Made NEW day High @ 10044, (previous was 10039.7
Ass mentioned Earlier.
Jul 28
Comment: Filled Bearish Gap form after opening.


in one chart the PCL is 9951 and anothr 9943.. Market bounced exactly from 9944
DSKF16 Parasuram
@Parasuram, I mentioned in Chart. Next day after Exp it happens. as sometime Volatility differs in two series. In Snapshot i Use Volatility: JULY 2017, Where as in Main it is AUG 2017.
one thing notice Nifty bounced to +30 point from "PCL"
@DSKF16, Cheers!
DSKF16 Parasuram
@Parasuram, Most welcome.
@DSKF16, can we take home NF long?
DSKF16 Parasuram
@Parasuram, detailed will be posted on weekend, including various scenario & also some HEDGE Strategy
Hi! great work mate! i have a doubt... would u mind explaining me a bit on PCL>. what do you mean by that.. does the market has the potential to reverse from there?
DSKF16 Parasuram
@Parasuram, It's abbreviation. full form "Phase Change Level". I have used 4 phase in my Chart (notice Colour lines), Two in UP & 2 in DN. PCL is Ultimate for each Phase. Majority of the time if not reversed from HZ / BZ, PCL is Last line of Defense & Chances of some reverse action to hit BZ / HZ.
@DSKF16, NIFTY at 9976+, Bounced from "PCL", reach to 9979.05 (Upper Band of HZ #1 is 9982) , attempt failed. but with in BZ #1 as lower band is 9971,
@DSKF16, Think you got the point. Thanks for Query.
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