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In
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Today´s market closing.
EURUSD GBPUSD market on hold but testing highs, waiting possible sellers.
EURUSD at 1.0815 sell to 1.0808. Then below 1.08 sellers to 1.0780
GBPUSD at 1.2315 sell to 1.2305. Then below 1.23 sellers to 1.2280
USDCAD above 1.3630 buyers to wait for 1.3650 and 1.3670
THe weekly price action of Nifty seems to be respecting the Fib retracement crucial zone between 50%-61.8%. There is a daily supply zone co-inciding with the aforementioned Fib zone. Given that the trend as per pivot analysis on weekly time frame is down, and there is an area of resistance around 17250-17500 due to multiple crucial indicators such as Bollinger...
See the behavior of BSOFT. It moves upside, consolidates for a good period of time and again moves upside once it breaks the resistance.
Buy above 445 with a SL of 30-50 points (SL will depend on the candle that will break the resistance)
Target : Hold it till it again starts consolidating (Trail the SL as well.)
When you eat a lot of sweets,doctor says 'Stop now else you will have diabetes'
When you drive too fast in the city, Traffic police says 'Stop now else you will die and pay challan'
Likewise,for a reason you need to trade with stop loss in stock market else one day you will lose all your money.
- ABHISHEK KAR
MARKET ANALYSIS AND PREDICTION...
"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." — George Soros
Nifty & BankNifty Outlook for tomorrow – Positive and might be Flat and Range bound on 5 min Time Frame .
Nifty Next Key Levels –
Resistance zones:
R1: 14690-14710 R2:14771-14789 R3...
Risk comes from not knowing what you're doing.
Be Dynamic and Systematic in your Trades. Because the Market is Dynamic. Its nature changes every minute.
NSE:NIFTY NIFTY & BANKNIFTY Outlook –EXPECTING A FLAT MARKET RANGE BOUND MARKET FOR TOMORROW on 5 min Time Frame
Market’s Next Key Levels – HAVE BEEN SHAFED IN THE VIDEO
If want to know my Trading Approach...
