It open with gap down in the range of 15720.
It gave the significant Bullish Candle at 9.:30 , which break the level of 15685 zone. Which shows the bearish sign in the market.
But as per our scenario 2 we were expecting gap down till 15645 Zone but today that level of 15645 zone reached with the 3rd candle at 9:45am. And then it took reversal to...
Nifty 50 in its all-time high and has started a sideways movement which has supported by Shark harmonic pattern in the hourly chart.
The expected move could be until D point i.e. 12878 to 13010 level downwards. We can find quality support on that price point.
Please create your strategy accoudingly.
My analysis for going short today on 14 Jul 2020 at close.
View invalid if Nifty closes above 10900.
My initial target is 10300. Target may increase depending on who fast and strongly 10300 gets broken.
NIFTY INDEX TREND SETUP
-NIFTY WITNESS ONE OF THE WILDEST SWING THIS WEEK
-THE CRUCIAL PART THAT I AM EXPLAINING EVERONE IS THAT 9950 WAS NOT BREACH ON A WEEKLY CHART AS WELL ON DAILY
-THE SHORT COVERING RALLY IN THE INDEX PROVED TO BE VERY VITAL
-THIS INDICATES THE STRENGTH IN BUY ON DIPS MARKET
-20 AND 50 EMA WERE TESTED GAPS WERE CLOSED AND THE PRICES...
-- 8400-8500 was a supply zone for Nifty and today it was managed to close above this zone. Next supply zone @ 8950-9050 and major supply zone @ 9300-9500. On the downside minor support @ 8650 and 8400-8500.
-- Demand Zones: 8650 / 8400-8500
-- Supply Zones: 8950-9050 / 9300-9500
Today Nifty final closing was 11992 (below its supply zone @ 12000-12010). Tomorrow may be Nifty will trade in a wide range. If Nifty will sustain below 12000 then I may short Nifty OTM call and if it will sustain above 12000 then it may test 12060, in this case, I may avoid the trade.
Finally today Nifty closed below its major demand zone @ 12085-12120. Now, 12085-12120 is a major supply zone and 11975-12000 is a major demand zone. As I mentioned in yesterday's post today, I made a short position in 12100 calls and carried this position. Future selling may not be a good juicy trade so I will make my position in option writing in the...
Yesterday I was bearish but today it opened the gap up and closed near the demand zone.
Demand Zone: 12085-12115
Supply Zone: 12160-12170
Tomorrow if it will sustain above 12170 then I may go long. I will be more confident once it will sustain above 12200, in this case, I may add more qty in the long side.
If it will sustain below 12085 then I...
As I have mentioned in my yesterday's Nifty Post for Intraday Trade. I have mentioned my bearish view on Nifty.
Now Nifty Supply zone @ 12085-12115 and Next Demand Zone @ 12025-12035 and 12950-12975. My view is still bearish but tomorrow expecting a wide sideways move.
Nifty is ready for the big move in this week and the maximum possibility is that this move will be on the downside.
On the upside, it's difficult to trade above 12200-12300 zone. I will change my view once it will trade above 12300 in this coming week.
I will watch 11700 and11600 zone, in any correction nifty will take support from 11700 or 11600 levels....
Nifty Major Supply Zone @ 12200 and Supply zone @ 12060.
I am expecting Nifty to be sideways tomorrow.
If Nifty will trade above 12200 then only I will take a long position.
If it will break 12080 levels with volume then I will take a short position or else I will wait to sustain below 12060 for short position.
Nifty: Intraday Trade Setup for Expiry
As I have mentioned in my previous day's posts, I am buying Nifty on every breakout of its supply zone. Now I am in that position that If tomorrow Nifty will open 100 points gap dow then also I will be in a profit.
The trend is your friend and " Bhav Bhagwan Che". Received many messages who took a short trade and now they...
For tomorrow major demand zone is 11875-11890 and a strong supply zone is 12086-12118.
Tomorrow if it will sustain above 11975 then it may test its next supply zone @ 12085-12120, in this scenario I may go long in Future. If it will sustain below 11975 then I may sell out of the money call and put option.
Nifty has broken the major demand zone @ 11915-11930. Now the short term chart is damaged.
On Saturday Nifty closed @ its major demand zone @ 11595-11640. Sustain below this zone another 80-125 points downside range will open and it may test 11520 and 11490-11480 zone. On the upside first supply zone @ 11710-11720.
I want to see its trading range on...
As I have mentioned in my previous post that everyone is waiting for the gap filling process and expecting bounce from this level. Market will never give easy money...Find the link below for that post.
Some people are now talking about 11600. Tomorrow if market will trade below 12000 then they will become more bearish. Be careful there are 80% chances that...
Hello, As I said in my yesterday post that once Nifty will sustain below 12100 it may test 12035-12050.
Now problem is that 12035-12050 level was on radar for many retail traders because of gap. Many traders also made long position from this gap. It will be the best business if market is this much easy. As per my analysis still there is a 50% chance that Nifty...