NIFTY50 INTRADAY ANALYSIS:
----------------------------------------------------------------------------------------------------------------------
CPR: wide + descending cpr: consolidation.
FII: -10,716.64 sold.
DII: 9,977.42 bought.
Highest OI:
CALL OI: 23500 and 23600
PUT OI: 23000.
Resistance: - 23600
Support :23000
=================================================================================
conclusion:
My pov:
1.market is falling and near support/ a bounce back at 23000 or 22800 .
2.today cpr is consolidation, so market can be choppy.
3.market is taking / closing the gap formed. maybe it can act as a support.
How to trade :
1.today is consolidation so even if the pice gapped up or forms a bullish candle in one hour the next canldle will be bearish so i will wait for the support area 23000. then go long if it gives confirmation and trial the sl and target can be 23500.
2.if 23000 is broken in one hour candle watch oi change if bearish increased then i go short at pullback and 22800 is target .
3.Also i avoid if didnt work out because consolidation .
==================================================================================
NOTE:
should i continue "how to trade" title or not, just tell me in comments
psychology fact:
The sooner we let go of holding on, the sooner we can hold on to the beauty of what's unfolding before us. Nothing was ever meant to stay the same forever.
— JULIEANNE O'CONNOR
==================================================================================
Notes:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
**********************************************************************************************************************
Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
**********************************************************************************************************************
----------------------------------------------------------------------------------------------------------------------
CPR: wide + descending cpr: consolidation.
FII: -10,716.64 sold.
DII: 9,977.42 bought.
Highest OI:
CALL OI: 23500 and 23600
PUT OI: 23000.
Resistance: - 23600
Support :23000
=================================================================================
conclusion:
My pov:
1.market is falling and near support/ a bounce back at 23000 or 22800 .
2.today cpr is consolidation, so market can be choppy.
3.market is taking / closing the gap formed. maybe it can act as a support.
How to trade :
1.today is consolidation so even if the pice gapped up or forms a bullish candle in one hour the next canldle will be bearish so i will wait for the support area 23000. then go long if it gives confirmation and trial the sl and target can be 23500.
2.if 23000 is broken in one hour candle watch oi change if bearish increased then i go short at pullback and 22800 is target .
3.Also i avoid if didnt work out because consolidation .
==================================================================================
NOTE:
should i continue "how to trade" title or not, just tell me in comments
psychology fact:
The sooner we let go of holding on, the sooner we can hold on to the beauty of what's unfolding before us. Nothing was ever meant to stay the same forever.
— JULIEANNE O'CONNOR
==================================================================================
Notes:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
**********************************************************************************************************************
Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
**********************************************************************************************************************
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.