Nifty 8900. Attempted to touch 9 k but not successful this time
Nifty 8900. Attempted to touch 9k but not successful this time. This psychological barrier is very important to cross for the market to move higher. Being with the trend am hopeful to have a strong support somewhere around 8827.
There is many useful information pouring is in chat and comments session, I was not able to follow up. Please excuse me for that.
Some friend was telling that, we crossed 8990 and touched 9000. Note that every ones approach is different, views are different, no doubt about that. To me it is not crossed 8990, just touched only :D . GET ME. And 9000 is far for me as it is an impotent level crossing it is also very significant.
And one more point. I am not able to give trading levels or strategies here. First of all, as I mentioned in the post in RED LETTERS, that I am not available in the market hours and don’t use live data. MY CHART ITSELF IS 15 MIN DELAYED, and finally, I am not in any business like that. This is purely sharing the available information, building confidence myself and to the community and trader friends, to get some ideas and supports from others.
So, be watchful, for those level, and see how it works. Weather these levels have any values. Is it resisting or supporting those level, then accordingly get use of it to make action. Finally price is the leading indicators, rest all are the derivations from price movement. Do You agree that?.
And market is supreme. Any one try to tame it within two line or a Fibonacci level will not work at all.
Level: Above 8910 nifty can move up 8940 & 8963 so how will you read it. Due to situation like hourly oversold. or an over night external influence, even a bearish close can give a pull back. So trading above 8910 will give confidence up 8940, one trading firmly above that level we may move to next barrier.
Same way market is having a bearish engulfing close yesterday. Hence priority is to be given for bearish view. And if nifty trade below 8891 we will see 8875 and 8827 sure.
There is many useful information pouring is in chat and comments session, I was not able to follow up. Please excuse me for that.
Some friend was telling that, we crossed 8990 and touched 9000. Note that every ones approach is different, views are different, no doubt about that. To me it is not crossed 8990, just touched only :D . GET ME. And 9000 is far for me as it is an impotent level crossing it is also very significant.
And one more point. I am not able to give trading levels or strategies here. First of all, as I mentioned in the post in RED LETTERS, that I am not available in the market hours and don’t use live data. MY CHART ITSELF IS 15 MIN DELAYED, and finally, I am not in any business like that. This is purely sharing the available information, building confidence myself and to the community and trader friends, to get some ideas and supports from others.
So, be watchful, for those level, and see how it works. Weather these levels have any values. Is it resisting or supporting those level, then accordingly get use of it to make action. Finally price is the leading indicators, rest all are the derivations from price movement. Do You agree that?.
And market is supreme. Any one try to tame it within two line or a Fibonacci level will not work at all.
Level: Above 8910 nifty can move up 8940 & 8963 so how will you read it. Due to situation like hourly oversold. or an over night external influence, even a bearish close can give a pull back. So trading above 8910 will give confidence up 8940, one trading firmly above that level we may move to next barrier.
Same way market is having a bearish engulfing close yesterday. Hence priority is to be given for bearish view. And if nifty trade below 8891 we will see 8875 and 8827 sure.
Comment:
support 8827***
Comment:
@Parasuram,
The given level 8875 is a pivot point, but the real time market made a support at 8867 on Tuesday 28th.
That 8867 retested again today. hope that this will support strongly. i am not ready to jump in to a conclusion, before a confirmnation
The given level 8875 is a pivot point, but the real time market made a support at 8867 on Tuesday 28th.
That 8867 retested again today. hope that this will support strongly. i am not ready to jump in to a conclusion, before a confirmnation
Comment:
it is hardly 7 points, which i already mentioned in my previous post.
Comment:
Nifty seems to be protecting the 8862 level, where as BN is broken a major support ..