its closed above the resistance level...i cna see 760 as my target
This chart is making Higher highs, if is is able to break 320 in coming few sessions, it can reach upto 420 in a few months. We can consider 320 as a for a short term target
An education video on how to approach Trading on Nifty Index
Bank Nifty closed in the middle of the Major Demand and Supply Zone. I think I will avoid trading in the Bank Nifty tomorrow. I will take a short long call from support or resistance and this is not a good area to take a fresh trade. I am in wait & watch mode for tomorrow. Trade Well
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. Trade Well
Bharti forming short term negative divergence near all time highs..
Hello, 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...
Hello, For Bank Nifty now major supply zone @ 30900-31120 and demand zone @ 30550. Tomorrow if it will sustain below 30550 then it may test the next support zone @ 30120-30210 very easily. I will sell BNF in this case. Open Position: On Friday, Sold 31300 call @ 120 (closed @ 62) and 31200 call @ 140 (Closed 80).
Long BHEL for investment 20 years
Price action is at crucial support zone. In 2 or 3 sessions, trend direction will be clear
It has activated a C Clamp in Daily Time frame suggesting 149 as a possible level which coincides with 50% retracement of Bullish Alt Shark. In hourly time frame it has taken good support near the Kumo. View negates below 139
Hello, As I have mentioned in my Nifty Weekly Analysis post that my view is bearish in Nifty. I will change my view once Nifty will sustain above 12265-12300 this week. Find the link below. Intraday Demand Zone: 11975-12000 Intraday Supply Zone: 12085-12120 On Monday:- If it will sustain below 12080 then I will start short OTM call options. and Once it will...