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Hello, 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....
Hello, 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. Trade Well
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. Thank x
Hello, 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...
Hello, 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...
Hello, As I mentioned in my yesterday post that I am not bullish in Nifty for short term period. 12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and...
closing near trend line support it can be possible break tomorrow...
Hello, Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone. Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones. I am not expecting one way fall or one way upside because there are multiple supports at...
Hello, As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points. I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I...
Hello, Very short term support @ 11160-11140 Resistance @ 12200-12225. Tomorrow If it will manage to sustain above 11160 then it me test 12200-12225 zone. But My sens is that it is difficult to sustain above 12225 zone. My Trading Plan is:- 1. If it will come to 12200-12225 zone but not able to sustain then I may go short. 2. If it will come to 12200-1225 zone...
Hello, Nifty: Strong Supply Zone @ 12200-12225 Make or Brake Level @ 12100-12115 Strong Demand Zone @ 12030-12050 Nifty fall from above 12400 to 12100 and this fall is very sharp. Whenever it will conform it's bottom recovery will also be very sharp. Now juicy trad is almost over. If tomorrow it will sustain below 12100 then it may test it's...
Hello, As i mentioned in my yesterday post that I will sell Nifty if it will sustain below 12225. Today Sold 12300 and 12250 call as per my plan. I have also mentioned in the comment that there Nifty will fill the gap between 12130-12030 in coming days and it should make new bottom above 11930 or 12000-12050 zone. Short Term View is: 12300 is a Very Strong...
Hello, As I mentioned in my weekly Nifty post that if Nifty will sustain below 12290 then I may take short position. Today with volume NF broke 12300 level and closed below that. Now Very strong Demand Zone @ 12000-12050. Now in any case If Nifty will come to 12270-12300 then i may take a short position. If NF will sustain below 12225 then I may take a short position.
Hello, Bearish Harmonic pattern is created in the Nifty weekly and daily chart. Nifty is taking support from its major trend line from Feb 2016. Major Demand Zone on weekly chart @ 11800-12050. As i explained in my today's Bank Nifty Weekly Analysis post that I take my trading decision on the basis of price not on the basis of any indicator or pattern. Let's...
Please see the demand and supply zones in the chart. Plan A: I will go short one it will sustain below 12280 Plan B: I will go long one it will sustain above 12400 Plan C: Avoid trading in the 12300-12400 Zone