Always little be penetration can be seen in intraday research.
The control price of major channel and value high of minor channel can be Intraday U-Turn point at 11608 nearby and minor yellow channel has value low at (D) 11523 but value but intraday support can be 11563 in some case only because already support has taken by Manjor channel at (4) and target for (5).
thank you for publishing such useful trend-lines. you just make my day... i really worried about my open position in Nifty
Trade-Technique
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@dbaanils, please tell me your position with traded rate and qnty.
dbaanils
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@Kinnari_Prajapati, I have purchased 15 lots of NIFTY 11600 PUT (Aug End Expiry) @ 194 .
dbaanils
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@Kinnari_Prajapati, i was not aware of the levels and executed my trade bit early, i have sold my NIFTY 11600 put @280 price (15 Lots).
Thanks a lot, your analysis help us the people like us, who don't know anything about the market.
SumantraChabri-NCFM-NISM
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Good.Bearish channel in between bullish channel ?!
Trade-Technique
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@SumantraChabri, yes... Both are stronger so 85% Uturn.
boindala99
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Should we short after a Tail around 11660 ?
Trade-Technique
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@boindala99, Yes but its crossed control price. so wait for more up move. 11638 is resistance.