manavtechresearch
Long

!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!

NSE:NIFTY   Nifty 50 Index
NIFTY WEEKLY CHART SHOWING EXHAUSTION

NOTE:-
VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK
IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE
TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE

VIEW:-
RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008
MACD MOMENTUM BAR IS -227 WAS EVEN BELOW
THAT BUT MANANGED TO COVER
+200/-200 ARE CONTRA ZONES/REVERSAL ZONES
EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP

MY VIEW ON LEVELS
NIFTY BOUNCE EXPECTED
10490
10930
THAT IS STILL 1000 POINTS FROM CURRENT LEVELS
STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS
(ANOTHER REASON FOR MARKET REBOUND)
Comment: Have added April 10200 ce options today
And will add more on the downside

Trade with your risk and preserve capital
Markets will give opportunity

Those willing start accumulating last level to accumulate will be 8400-8200

I am expecting this level tomorrow add longs then if you want but for April series
mktech94
PINNACEL TRTADERS
https://t.me/pinnacletraders
PERSONAL STOCK QUERIES
https://t.me/mktech94-stock

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