DSKF16

NIFTY: What's NEXT ? Spot & FUT important Levels for 3rd Aug '17

NSE:NIFTY   Nifty 50 Index
Trade Summery of 02nd AUG 2017.
OPEN = HIGH = 10136.3, (Below mentioned Strong level at 10141)
Made LOW @ 10054.20, Mentioned PCL: @ 10052.
Also Notice day candle.
Show in Diagram
#1 "Bear candle with Long Body".
#2. LOW Middle of the BODY, (Candle formed on 31st July)

What's NEXT for 03rd Aug 2017 ?
after today's trade, Candle pattern formed "Bearish ENGULFING"
There are two possibilities.
#1 Either another Bear candle with 40 - 50 + point body, or
#2. Long legged Doji / Bullish Pin.

ONE THING IMPORTANT, NIFTY NORMAL CLOSING WAS at 10058.2 not 10081.50 (i.e Settlement)
Indicates Bear controlled market (in last 15 - 20 mins)
,
Also NIFTY FUT Last Trade @ 10081, so in normal Market No Premium diminishes.

Trade Setup for FnO Traders on 03rd Aug 2017:

LONG if Stay Above @ 10094 for 15 Min / Crossed @ 10103.

TARGET: @ 10115 - @ 10125 ( HZ #1,Trend Finder Zone),
@ 10149 @ 10171, @ 10183 - @ 10194 (HZ #2), @ 10219+

SHORT if Stay Below @ 10067 for 15 Min / Dipped @ 10059

TARGET: @ 10047 - @ 10036 ( BZ #1,Trend Finder Zone),
@ 10012, @ 9991, @ 9979 - @ 9968 ( BZ #2), 9945-

If enriched your knowledge,
Please don't forget to Hit / Click
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Comment: NIFTY At 10035

does one play for 12 points-23 points? if the range is 40-50 points and if one can take 23 points that will be good. Dont you think tomorrow one can venture selling NF at 10100 which would easily ensure 20-30 points
Reply
DSKF16 Parasuram
@Parasuram, sir, I mentioned 40-50 point Candle BODY, Not range. Range 69 to 78 point even extended to 110+ point also.
LIkE today's Candle Body is 56.30 point But range is 80+ point.
Reply
@DSKF16, Ok
Reply
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