BUY: When 17800 is broken as it is a stiff resistance (0.618 fibonacci ratio reversal) and nifty has reversed 2-3 times in the last expiry. SELL: When Nifty breaks 400 ema on 15 min chart , it will be breaking 0.618 fibonacci ratio, previous swing low,and it will be breaking 200 ema on 30 min time frame and 100 ema on 1hr time frame, thus making it as the highest probability trading setup for 1.10.2021.
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bro if you see 1 hour chart u will found 17600 is new support, as per my view tomorrow would be bullish and the trade range would be 17600 to 17770
keshevdugar
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@Profitmakernifty, Market is struggling to find a direction,what made you think tomorrow will be bullish despite dollar index rising gold rising crude rising and global cues negative along with SGX nifty at 17550 ?
Profitmakernifty
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@keshevdugar0210 I respect to your fundamental analysis, but my 10 years experience in market gave me confidence to express my view which has more than 2 hours study today for this forecast, my prediction for DJ is a range between 34000 to 34400...lets see
keshevdugar
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@Profitmakernifty Yeah let's see today...till then happy and profitable trading 😄
skbonik
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if tomorrow nifty breaks 17600 level hourly basis it may come down to 17250-200 support zone most likely it may happen let's see when
keshevdugar
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@skbonik, There is huge possibility of a gap down opening below 17600 as per SGX Nifty and other than that 17450 is another strong support in between Nifty has to break that as well...but the falling VIX in a falling market shows that downside is limited...Let's see VIX tomorrow and GOLD/CRUDE prices rising with DXY rising made it very uncertain for the markets