NIFTY 50 PREDICTION OF 16-09-2020
TODAY GREEN CANDLE FORM AFTER PREVIOUS RED CANDLES,
IT SHOWS BULLISH STRENGTH OF THE MARKET.
AT 14-09-2020 PROFIT BOOKING WAS THERE, SO ONLY BUYING WOULD FORM IN THE MARKET.
MARKET SENTIMENT DATA:
Moving Averages - - 100% Strong Buy
Momentum Oscillators - 83% Strong Buy
Trend Oscillators - 67% Buy
Volatility - - 100% Strong Buy
ALL INDICATOR DATA:
Name Value Action
RSI(14) 55.287 Buy
STOCH(9,6) 63.209 Buy
STOCHRSI(14) 70.377 Buy
Williams %R -18.270
CCI(14) 38.9796 Neutral
ROC 3.721 Buy
Ultimate Oscillator 58.761 Buy
KEY POINTS FOR TOMORROW
1. MARKET SHOULD OPEN ABOVE 11565.
2. STRONG RESISTANCE IS 11550.
3. AFTER GAP UP SHORT SELLING WILL FORM NEAR 11585.
4. AVOID TRADE ABOVE 11600 AS BUY CALL.
5. ABOVE 11585 CHANCE OF SHORT SELLING, BUT IN LIMITED ZONE. (11525-11565)
IF MARKET OPEN IN GAP DOWN (BELOW 11500), THEN BUY IMMEDIATELY.
BUT OPEN BELOW 11460, THEN SHORT SELL.
ALSO AWARE INTERNATIONA AND NATIONAL NEWS SENTIMENTS.
IT SHOWS BULLISH STRENGTH OF THE MARKET.
AT 14-09-2020 PROFIT BOOKING WAS THERE, SO ONLY BUYING WOULD FORM IN THE MARKET.
MARKET SENTIMENT DATA:
Moving Averages - - 100% Strong Buy
Momentum Oscillators - 83% Strong Buy
Trend Oscillators - 67% Buy
Volatility - - 100% Strong Buy
ALL INDICATOR DATA:
Name Value Action
RSI(14) 55.287 Buy
STOCH(9,6) 63.209 Buy
STOCHRSI(14) 70.377 Buy
Williams %R -18.270
CCI(14) 38.9796 Neutral
ROC 3.721 Buy
Ultimate Oscillator 58.761 Buy
KEY POINTS FOR TOMORROW
1. MARKET SHOULD OPEN ABOVE 11565.
2. STRONG RESISTANCE IS 11550.
3. AFTER GAP UP SHORT SELLING WILL FORM NEAR 11585.
4. AVOID TRADE ABOVE 11600 AS BUY CALL.
5. ABOVE 11585 CHANCE OF SHORT SELLING, BUT IN LIMITED ZONE. (11525-11565)
IF MARKET OPEN IN GAP DOWN (BELOW 11500), THEN BUY IMMEDIATELY.
BUT OPEN BELOW 11460, THEN SHORT SELL.
ALSO AWARE INTERNATIONA AND NATIONAL NEWS SENTIMENTS.
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