NIFTY: Support & Resistance for 02nd Aug 2017 (FUTURE & Spot) Short

Nifty 50 IndexNSE

Description

⋅ Aug 1, 2017 1:02 PM

What NEXT on 02nd Aug 2017. (Spot & Future)
Intraday LEVELS Plotted on CHART.
Today's Candle: Long Legged Doji / PIN, as Expected yesterday & mentioned in Post.
Fig Description on Chart. (TOP Left)

Technical Indicator: Stoch , ROC & some others are OverSold.
FII data also Indicates reversal.

TREND: Flat to -VE, Bias: Mixed
Today's trading range was : 62.35
mentioned In Last POST "69 to 78 point, Extended to 103 point."
Expected Trading Range for 01st Aug 2017 : 58 to 79 point, Extended to 97+ point.

VIEW: NEUTRAL to -VE, SHORT in Higher Level.

Trade Setup for FnO Traders on 02nd Aug 2017:

LONG if Stay Above @ 10161 for 15 Min / Crossed @ 10169.

TARGET: @ 10181 - @ 10192 ( HZ #1,Trend Finder Zone),
@ 10217 @ 10238, @ 10251 - @ 10261 (HZ #2), @ 10286+

SHORT if Stay Below @ 10134 for 15 Min / Dipped @ 10126

TARGET: @ 10113 - @ 10103 ( BZ #1,Trend Finder Zone),
@ 10078, @ 10057, @ 10045 - @ 10034 (BZ #2), 10010-

Snapshot of "Chart of FUTURE Intraday LEVELS" will be updated Later.

If enriched your knowledge,
Please don't forget to LIKE, SHARE.

Comment appreciated.

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

Comment

⋅ Aug 2, 2017 10:27 AM

Made LOW @ 10054.20
Mentioned PCL: @ 10052.

Also Notice day candle.
Show in Diagram
#1 "Bear candle with Long Body".
#2. LOW Middle of the BODY, Candle formed on 31st July.

Watch Time Line for Tomorrow's Intraday level, Published Shortly.

Comments

Parasuram

⋅ Aug 2, 2017 10:43 AM

Well done! Cheers!! Keep it up!!

DSKF16

⋅ Aug 2, 2017 10:47 AM

@Parasuram, Thank you, sir.