padiyara

Nifty: 9086 Below 9060 today’s supports will be 9020 & 8980...

Short
NSE:NIFTY   Nifty 50 Index
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11
If trading above 9110 can find 9150 & 9180
Below 9060 today’s supports will be 9020 & 8980
it was told that a break below 9060 will take us to 8700.
Weekly nifty supports are 9000 & 8980
Weekly resistance 9280 is reduced to 9134, this mean up side is limiting.

Dear friends,
It is quiet time consuming to prepare a chart with all detailed levels incorporated in to it, that is why I usually post the daily calls with any day chart, giving only the values. Actually the levels are matching with the hourly pivots . Here I made it to show you that, how it will look like.

Today's actual pivot you may get 9078 with your normal calculation, but this is slightly different.

Comments

buy nifty today near open price
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👍👍👏🏾
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Dear sir..

Where is the stoploss for Short position?

Kemps..
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padiyara KempaRaju
@KempaRaju, supports and resistance both are mentions here. now it come to the terminology we use.
When we are going for a short position the resistance are meant for stop loss.
For example; in above chart nifty today may trade above 9110 anf find target 9150 and 9180, so 9180 shall be the stop for shorts.

And we have the great 9218 just 38 points away :D as damn rock resistance.
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KempaRaju padiyara
@padiyara,

Thank you sir.
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thanks for the detailed summary of nifty
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