Nifty 50 IndexUpdated NIFTY ANALYSIS FOR INTRADAY 26-08-2020
AS PER MY ANALYSIS, WE COULD SEE NIFTY IS IN RANGE BOUND FROM PAST TWO DAY.
50 MA HAS CROSSED 200 MA
WE CAN SEE GOLDEN CROSS FORMING IN NIFTY,
GOLDEN CROSS IS KNOWN FOR BULLISH SIGNALS IN HISTORY.
THE CONDITION IS "NEED GOOD VOLUME", VOLUME IS QUITE LESS.
TRADE CAREFULLY AND ONLY ON CONFORMATIONS
*I AM EXPECTING SUDDEN MOMENT ON EITHER SIDE.
*FOR SHORT RANGE IF NIFT BREAKS THE ZONE OF 11387-11602 WE CAN SEE NIFTY AT 12000.
*PLEASE AS I ALWAYS KEEP SAYING DO WATCH S&P 500 MOMENT, BOTH NIFTY AND S & P 500 ARE COPING EACH OTHER.
*FOR INTRADAY THE RANGE *
IF YOU SEE YESTERDAYS POINT, NIFTY TOOK SUPPORT NEAR OUR LEVELS
*LEVEL 11405-11536 ARE STILL ACTING AS RESISTANCE.
*NIFTY HAS COME DOWN TO LEVEL OF 11300, AT PRESENT THE SUPPORT LEVELS ARE 11300,11244,11131
*I WILL SHORT NIFTY BELOW 11244 IF I GET DOWNTREND, OR ELSE BUY TREND.
*TRADE PATIENCE
TAKEN REJECTION EXACTLY AT GIVEN RESISTANCE PREVIOUSLY
POINTS ARE STILL VALID
RESISTANCE 11535
SUPPORT : 11405, 11300, 11244
BUY /SELL BASED ON MARKET TREND CONFIRMATION
50 MA HAS CROSSED 200 MA
WE CAN SEE GOLDEN CROSS FORMING IN NIFTY,
GOLDEN CROSS IS KNOWN FOR BULLISH SIGNALS IN HISTORY.
THE CONDITION IS "NEED GOOD VOLUME", VOLUME IS QUITE LESS.
TRADE CAREFULLY AND ONLY ON CONFORMATIONS
*I AM EXPECTING SUDDEN MOMENT ON EITHER SIDE.
*FOR SHORT RANGE IF NIFT BREAKS THE ZONE OF 11387-11602 WE CAN SEE NIFTY AT 12000.
*PLEASE AS I ALWAYS KEEP SAYING DO WATCH S&P 500 MOMENT, BOTH NIFTY AND S & P 500 ARE COPING EACH OTHER.
*FOR INTRADAY THE RANGE *
IF YOU SEE YESTERDAYS POINT, NIFTY TOOK SUPPORT NEAR OUR LEVELS
*LEVEL 11405-11536 ARE STILL ACTING AS RESISTANCE.
*NIFTY HAS COME DOWN TO LEVEL OF 11300, AT PRESENT THE SUPPORT LEVELS ARE 11300,11244,11131
*I WILL SHORT NIFTY BELOW 11244 IF I GET DOWNTREND, OR ELSE BUY TREND.
*TRADE PATIENCE
TAKEN REJECTION EXACTLY AT GIVEN RESISTANCE PREVIOUSLY
POINTS ARE STILL VALID
RESISTANCE 11535
SUPPORT : 11405, 11300, 11244
BUY /SELL BASED ON MARKET TREND CONFIRMATION
Trade closed: stop reached
AS SAID NIFTY HAD FORMED GOLDEN CROSS AND BROKEN THE RESISTANCE. POWER OF CHART ANALYSIS
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