MrAkshatP

Do we have clear trend on NIFTY ???

NSE:NIFTY   Nifty 50 Index
Analysed levels mentioned on chart...
Comment: Wait and watch situation ...
Comment: in range
Comment: Another indecisive day...
Comment: Another indecisive candle....
Comment: Looks like today is the day nifty might come out of the zone..... Lets wait and watch
Comment: Finally nifty broke that zone, BUT being on safe side we will wait for closing, no matter it moves 300 pts in a day we want it to close above that imp level then only we consider for another move...
Comment: Again in range
Comment: Still in range..
Comment: will. Be only short below 10650 for swings
Comment: Tough to come out of that range, even after budget struggling hard...
Comment: https://charts.fyers.in/268526b76bfec31c...


Watch this still a strong resistance
Comment: Check this



maintaining a strong range for swing trade one should strictly wait for breaking out that range with strong big candle in whichever direction...
Comment: todays closing will be very important for bullish swing
Comment: Hit the play button on chart and check, this breakout candle is big and looks like trend will be sustainable for bullish swing...
Comment: that was a Bull Trap
markets are always ahead..the two main events helped the nifty up..now there is nothing to keep it higher.. good thread u got going..i even posted a chart showing 11000 odds resistance and i shorted it..
keep up the good work..
+1 Reply
budget before elctions are populist..can also lead to a correction since the event is over.. so like u said better to wait for closing
+1 Reply
I guess till budget, Nifty will remain in the bearish mode. Post budget there could be a relief rally. No technical analysis, just a gut feeling.
+1 Reply
u r intraday or day trader ?
+4 Reply
good post and comments..
+2 Reply
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