Whats next?
9950-10200 level was important for Nifty, If it was managed to sustain above this zone then I have to change my trading plan according to that. But now it's confirmed that 9900-10200 is a major supply zone for Nifty. On Friday made a short position in NF @ 10050 and still holding. I am not interested to cover this position very early but I may book some profit @...
22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.
Explained in the chart
nifty is still sell on rise any interim bounce can only fill till 10690 levels potentially buying will happen around 8300 odd levels
Educational Purpose.
Price is nearing trend line. It have to break & sustain to be bullish.
from trend Nifty showing continuation of bear trend. Let's see the move in upcoming days for trades
IF SUSTAINS ABOVE 490 THEN MIGHT SEE 495-498-501-505 IF GOES BELOW 485 MIGHT SEE 480-78-75-72-70. MARKE
still room left for correction around 980-1050 >>It has clearly negative divergence on monthly chart(big time frame) and low volume lifetime high >> nifty has same negative divergence >> whenever you find on big time frame just pull your hand for buying because sooner or later it will plays out! >> this is for investor only because traders do not have such long...
Watch out this counter!! > buyback is going to announced >200 month EMA support near 340-350 >positive RSI divergence on weekly chart MY OBSERVATION: > pharma and auto stocks have positive divergence as it is oversold since couple of years. if there will be weakness in market do not short that sector for time being. > go with market leaders in that sectors you...