Kinnari_Prajapati
Short

Clear projection for NIFTY and Nifty future, will not fall...!

NSE:NIFTY   Nifty 50 Index
Yesterday, Exactly Nifty future followed my level. I had written that selling will come to 11758 and NF made high of 11754.

Today,

intraday R 11638-11646 and below 11771, the targets are 11528-11517
normal support 11574 will help to nifty move up for a while.
today will important for the next trend of the market.

Kindly wait for NIFTY future exact level after opened market. Nifty can open flat and will start to move up until resistance expected.
Trade active: Nifty future:
Resistance 11738 and 11756 (selling expected),
if cross the price 11750 and stay for 15min above it. then NF can move up.

Support and targets 11654-11664 intraday.
Comment: Nifty future made high of 11740 and now create low at 11860.
Comment:
This is a really boring and critical situation to take the decision of direction.
Often, I saw, this type of trading minutes not sure for any side move. (BORING TIME FOR TRADERS).

Just watch and wait with tight of patience.

Comments

From current movement, my view is down side
+1 Reply
@patel27, same to me, i thought it can reduce the price from here.
Reply
patel27 HemangiWorlikar
@HemangiWorlikar, i predicted it simply based on most common pattern and wma 7. but at the end some banking stock changed whole things. there is a big difference between nifty bank vs psu bank
+1 Reply
@patel27, Yes but I don't suggest taking an overnight position at this level. Yes Spot Nifty came back from my exact R. @ 11666
Reply
@patel27, Nifty 11615 from 11666. your view is perfect.
Reply
patel27 Kinnari_Prajapati
@Kinnari_Prajapati, although i do not like nifty, i like bank nifty.
for nifty it's walking on exactly (i said exactly) on 100 sma on 30 minute candle chart whole day, look at it once to confirm.
and for bank nifty it's exactly on 200 sma in 30 minutes candle chart (exactly walking on). and below 100 sma in 30 minute candle chart on thursday.
Reply
Awesome !!!
Reply
Excellent !!!

Keep It Up :)
Reply
@kbmj, thank you.
+1 Reply
Common mam! You are bang ON target !!! Kudos!!!!
Reply
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