Hello Guy's i have come through my analysis that, if Nifty hold this recent lows (18837) then there is higher probability, we can see nifty towards all time high in coming months. Why i am telling all this, because Nifty has taken exactly support at 200 Day EMA, this is a positive indication that, nifty will fly from here, i mean there is some hurdles in between but overall nifty will cross all hurdle and will go towards all time high. If nifty able to reclaim 19250 above levels successfully then huge one sided momentum can be seen on chart.
November Month option data also suggesting 19000 Levels is going to act strong support zone for nifty in November Month, as highest OI data has seen on 19000 Put is (5430750), and PCR showing (2.08), it's a clear view that, a higher upside momentum is expected in coming next month. So guy's our strategy should be in market to buy on dips, if you observe in yesterday session, First nifty had opened flat and then it has made low at 18940 and then it has given a huge rally from bottom and made day's high at 19158 and then we have seen closing at 19140. So this is a clear indication that any dip in market is going to become a huge opportunity to accumulate more in downlevels.
Important Levels for Nifty in coming months:-
Accumulate in between 19200-19050, keep stop loss at 18745 Targets will be 19524/19856/20216.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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I agree.. But i need answer on below 2 things: nifty weekly chart ema 50 is at 18700 . Why it shouldn’t touch that and follow only daily chart 50 ema. 2) dow johns daily chart had death crossover which if goes extended below will be big bearish
ahambrammaasmimuthoo
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@mehtasahil everyone knew EMA DMA Mama & all 😁...u need beyond this to find
TraderRahulPal
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@mehtasahil, dude don't think too much..just follow the trend
ahambrammaasmimuthoo
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Dow uncle up + 511... nasdog up +156...s&p up +50.... yesterday....in India everyone is bullish...me on bear side biggest ways ...may be this week NF low 18555-18486-18333-18234-18181-18080-17926...these are the numbers ...down side ...bnf lower side 42234-41926-41486-41041-40666-40021-39926 ...
But i need answer on below 2 things: nifty weekly chart ema 50 is at 18700 . Why it shouldn’t touch that and follow only daily chart 50 ema. 2) dow johns daily chart had death crossover which if goes extended below will be big bearish