Self studied on NIFTY.

NSE:NIFTY   Nifty 50 Index
First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii).

Now, pay attention to the whole part (i) which has a downtrend, same part (ii) is in a downtrend. I have marked with a light pink circle which almost common in both parts.

After the long shadow candle, started U-Turn in part(i). Turn your eye on part (ii), Now you will find that U-Turn can start about here.

The following points can validate to U-Turn or NOT.
  • The price will not fall or stay below 11225.
  • In case, little gap up, then price will not break 11240.
  • Price should be traded 11320 above after 3 o clock.

Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
i m expecting nifty will near upto 11035 !!!
It did go up but not before hitting your protective stop. So i guess we are out of the trade as per the analysis.
Hello Maam
Grt analysis today it bounced back exactly near to 11212 level the fib retracment .
Your studies are really helping us .
Pls post for Monday too NIfty and Bank Nifty
+1 Reply
@ShankarM, thanm you, i ll do tomorrow post
Its really good one ,hope its works out & give good recovery ..
@ewealthXX, thank you.
Ma'am Great analysis and spotting.
@kabina871, thanks
wow............what an analysis ....sis you are rocking..........May God bless you...
+3 Reply
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