Hello Traders, NIFTY is Trading at Important level we can expect Reversal or Trend Continuation at this zone , our action plan will be if Market open GAP UP and sustain 17.2K price and INDIA VIX Below 18 we can Initiate Buy or else we can look for Sell opportunity.
very beautifully explaied,do you have any youtube channel? I would like to learn more from you.
kleympermina
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@Harshad100, i appreciate it, in future i will be posting videos on youtube but currently look for my profile for more details.
Harshaputtangoudaru
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nice analysis but still can you elaborate those points and what basis you did analysis like number 1 and 2 of previous swing and that patterns etc \
kleympermina
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@Harshaputtangoudaru 17000 PE is having highest open interest which means act as great support where as 17500 CE has highest OI on Call side, which is good resistance zone. so if gap up open 17k PE OI will increase and chance will be PUT Writers sustained this level for expiry.
Coming back to Fibo 32.6 level is confluence zone with trendline , so if new buyers are not interested at this level market can continue trading lower than 32.6 lvl and follow with trend.
@kleympermina, great ,,i never seen such a clean info..i appreciated your effort do you have any YouTube channel
kleympermina
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@Harshaputtangoudaru previous swing is nothing but major trendline and next 1 2 is subset of major trend line, so when subset trendline break we can expect reversal.
if you dm me I will share bank nifty screenshot with same pattern.
Harshaputtangoudaru
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@kleympermina, really nice ,i would like to learn more, not to earn at this stage...it would be great if i can get chance to learn live analysis