As updated this morning in last idea - careful in the zone 14635-14650 - can act as supply zone / selling zone
-------------------------------------------------------------------------------------------------------------------------
Comment: 08:54 Hrs / 5th May2021
Update for 5th May2021 -----------------Nifty Index-----------------------------------
SGX Nifty +70 / If Nifty Opens Gap Up & rushes to 14635-14650 - Traders have to be careful as 14635-14650 is the supply zone / selling zone - In case Nifty halts close to 14635-14650 (Strictly not crossing above 14650)
Expect drop to 14580 / 14550 -Intraday
-------------------------------------------------------------------------------------------------------------------------
Last Idea
-------------------------------------------------------------------------------------------------------------------------
Comment: 08:54 Hrs / 5th May2021
Update for 5th May2021 -----------------Nifty Index-----------------------------------
SGX Nifty +70 / If Nifty Opens Gap Up & rushes to 14635-14650 - Traders have to be careful as 14635-14650 is the supply zone / selling zone - In case Nifty halts close to 14635-14650 (Strictly not crossing above 14650)
Expect drop to 14580 / 14550 -Intraday
-------------------------------------------------------------------------------------------------------------------------
Last Idea
Trade active:
15:16 Hrs / 5th May 2021
Last @ 14617
These days markets are volatile. Gap ups & Gap downs are very common. If one cannot bear the risk then trading should be done intraday
Index has already dropped close to 14550 which was expected & we still have negative bias till Index is below 14650 & 14725
Downside Targets - 14475 / 14275
Last @ 14617
These days markets are volatile. Gap ups & Gap downs are very common. If one cannot bear the risk then trading should be done intraday
Index has already dropped close to 14550 which was expected & we still have negative bias till Index is below 14650 & 14725
Downside Targets - 14475 / 14275
Trade closed: stop reached:
13:07 Hrs / 6th May2021
Last @ 14715
Sell setup invalidated above 14700
Last @ 14715
Sell setup invalidated above 14700
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Last @ 14680
Day High @ 14697
Suggested Supply levels 14650 & close to 14725 - Also keep a watch as 14700 is also important level & can act as supply level
Only if Index trades above 14700 - we will avoid selling