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.
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
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...
Nifty changed its trading zone from 10000-12500 to 8800-10000. 8800-9100 is minor support on the monthly chart. If it will fail to sustain above this zone then the next major support zone is 6300-6900. On the weekly chart, the lower side trending candle is formed. It means next week also we should get the swing trades on the lower side.
it is showing resilience!!! one may buy above 427 csl:396 target:445/475/498