Jay_shree

Price is under the "Sleepy Channel" - Low momentum!

NSE:NIFTY   Nifty 50 Index
The price trade under the "sleepy channel" in where price has low momentum target 9596 if continue trade 9200 above.

unsafe 8915 - free fall if price trade below it.

Nifty is still trading into trending channel.

Comments

Hi @Jayshree
Firstly, thanks for this early update. It helps a lot.
I was wondering if you detect a strong resistance at 9450 level too?
And from your explanation, you mean that we keep observing the price-volume action to see if it goes up to the level 9596 in the next 4-5 days?
Thanks once again!
+1 Reply
Jay_shree constant_variable
@constant_variable, thanks for comment. I will update anything change in plan.
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Interesting! lets wait and watch
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samnav samnav
It seems to be below the channel for a bit. However still sideways. reason?
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Hi @Jay_shree, I'm new to Indian market and a short term trader in U.S. market.
Currently in India and locked down so thought of starting to invest in Indian Market.
I was long with a big trade @9,266.90 (1000+ qty).
As per your analysis Nifty has gone below the sleep channel, do you suggest i should square off and start shorting ?

I understand this is active trading hours, but whenever you find time your guidance is much appreciated, thx.
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Happening as you predicted.. Nice work @Jay_shree !
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Ma'am, Pls Provide your analysis on USDINR , GBPINR
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Nice prediction mam
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Thanks for the clue. 🙏
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Excellent call, thanks
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