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dravya
May 18, 2020 5:20 PM

Nifty - Levels for 19 May Long

Nifty 50 IndexNSE

Description

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.

Comment

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.

Comment

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.

Comment

Multiple times bounced back from 8950.

Comment

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.

Comment

Nifty futures level
, not spot. From tomorrow, will update futures chart only.

Comment

9080 target . 50 points.
9010 stop loss.
Once 9030 breaches.

Comment

9000 is another such level. Trend decider.

Trade closed: target reached

9000 failed to hold and clear straight down from there.
Comments
kishansm
I bought 8800 PE

What to do hold or wait till 21 May

What?

Please assist me...
S4patel
Thanks
dravya
@S4patel, you’re welcome.
altafhussain75
Should I short nifty at this level 9000
vishalpan
@altafhussain75, i don't think so, buy at 8,990 .... make 30-40 points and exit.
Looks like a uptrend
dravya
@altafhussain75, sorry, couldn’t reply in real-time, as I’m trading myself. As suggested market is weak, do not long under 9100. 9030 proved to be good for shorting. Failed to breakout 4 times.
vishalpan
@dravya, Absolutely, it failed and now it's testing day mid, 8,915-8,935 close today.
dravya
@vishalpan, as I said avoid longs.
sumedha1ster
Superb analysis. Thanks.
dravya
@sumedha1ster, thanks Sumedha.
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