Nifty - Levels for 19 May
Updated
Tomorrow, Nifty should open around 9100.
Do not go long below these lines.
Be ready to long and trail profits through these levels.
Each line if it stays above it, it is strength, if it doesn’t be careful.
Second half may bring further rally, if globe is positive too, FIIs will re enter.
Morning, I’ll update Nifty future levels to trade and make money.
Like and follow to be sure, not to miss it.
Do not go long below these lines.
Be ready to long and trail profits through these levels.
Each line if it stays above it, it is strength, if it doesn’t be careful.
Second half may bring further rally, if globe is positive too, FIIs will re enter.
Morning, I’ll update Nifty future levels to trade and make money.
Like and follow to be sure, not to miss it.
Note
Wake up early tomorrow and try to take position early as we might see huge burst, later on, risk reward would be less. And remember exit early and re enter if it goes back up.Note
I’d suggest take position between 9:45-10:15. Not at the open.Trade active
Nifty Futures - Resistance- 9090-9100
Support 1 - 8950-8960
Support 2 - 8850-8860
Don’t go long, unless it stays above 9100.
Market is very weak, not rising on any news.
I won’t take any position on the open.
Note
Multiple times bounced back from 8950.Note
LIVE : Please Mark 9030 in your charts. That will decide trend for afternoon. If it breaks out for 9030, we might see a very good rally. Look for longs above 9030.Note
Nifty futures level , not spot. From tomorrow, will update futures chart only.
Note
9080 target . 50 points. 9010 stop loss.
Once 9030 breaches.
Note
9000 is another such level. Trend decider.Trade closed: target reached
9000 failed to hold and clear straight down from there.
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