Nifty-Inside bar & Doji within Narrowing channel - weekly charts
An inside bar and doji indicates indecisiveness of participants, while the narrowing channel will provide a direction for a big and decisive move sometime very soon.
Weekly charts are quite reliable from a medium to long term perspective.
Week's low is near 12110, this level needs to be watched carefully. If broken, it may destabilise bulls.
India vix is near historic lows, vix and Nifty have an adverse correlation. You may keep an eye on Vix chart to ascertain trend reversal of Nifty.
When the markets are as high, trading with certain level of safety is important, strategies that are crafted carefully may protect us from big losses. If you agree, and intend to know more about how strategies can be deployed at these levels, feel free to write to me using direct message or tweet me using @i2gain handle.
Weekly charts are quite reliable from a medium to long term perspective.
Week's low is near 12110, this level needs to be watched carefully. If broken, it may destabilise bulls.
India vix is near historic lows, vix and Nifty have an adverse correlation. You may keep an eye on Vix chart to ascertain trend reversal of Nifty.
When the markets are as high, trading with certain level of safety is important, strategies that are crafted carefully may protect us from big losses. If you agree, and intend to know more about how strategies can be deployed at these levels, feel free to write to me using direct message or tweet me using @i2gain handle.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.