pangusanthai
Long

NIFTY - Profit Booking - 11458 and 11507 are levels

NSE:NIFTY   Nifty 50 Index
NIFTY is moving into retracement mode after huge fall due to profit booking as per short term analysis (1 hours chart).

Post retracement, NIFTY expected to fall again, I will share those information once below target is reached.

Target 1: 11458
Target 2: 11507
Target Date : 29th Jul, 2019
Comment: Please hold to buy if you didnt buy call yet. NIFTY is expected to be around 11250 level till end of this week. The retracement will start after coming friday and above mentioned target will be met around 2nd Aug.
Comment: NIFTY has resistance between 11150 and 11180 level . The best level to Buy call is between 11150 and 11180. Till Friday (26th Jul), NIFTY is expected to be around 11250. If NIFTY didnt fall and reach 11180 level, then buy NIFTY on Friday (26th Jul) below 11250 level.

As per weekly chart analysis, This week is negative week , so weekly candlestick of NIFTY will close in red. next week is retracement week, so market will retrace upto 11495 level between 29th Jul and 5th Aug.

Revised Target 1: 11421
Revised Target 2: 11495
Revised Target date : 5th Aug, 2019.
Trade closed: stop reached: Stop loss triggered. Big Flop. Posted new Analysis for NIFTY.

Comments

Sir kindly update nifty view please. Thanks
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pangusanthai thakurketant
@thakurketant, I posted new nifty chart. No Big Upside or downside expected at this momment.
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Nice
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Thank you 😊
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