If breaks low 12024 in 15 minutes of opening then it can decline towards 11931-11851 range.
If Nifty opens gap up then resistance range is 12137-12163, and positive only if trades above 12163 for 15 minutes.
Buying is not suggested.
Looking at the last few days of Close to Next Day Open relationship, one can easily point out the lack of any clear mood that the Market is in.
These haphazard movements are a telltale sign of a corrective structure, which as we understand is under formation on NIFTY.
At this point, it looks like the fall is certainly not going to be a straight line and chances...
Bank Nifty Trading Strategy for 30th Jan'2020:- Expiry Special
The sentiment is Bearish:- Trend will change to positive if we start trading above 31,480.
Recent High (10th Jan) :- 32,347 & Recent Low (22rd Jan):- 30,614
23.6% 31,938.012 Pending
38.2% 31,684.994 Pending
50% 31,480.5 Pending
61.8% 31,276.006 Crossed
76.4% 31,022.988 Crossed
## ZONE 1:- Weekly...
As expected, following global markets Nifty took a breather today and closed with some gains.
Tomorrow is monthly settlement day, budget is just three sessions away, Corona crisis still looms as large, only certain thing is the "volatility and uncertainty".
On 22nd Jan, when I draw the blue trend line connection lows, I've said this line is important and will...
Today's recovery was expected since after two days of sustained fall, world markets closed in green last night and SGX Nifty was trading in green at our openning times. However, if you see intraday movement, Nifty could not sustain highs. So it openned around 60 points up from yesterdy's close and closed around14 points above openning price. So intraday rise was...
ASCENDING TRIANGLE BREAK OUT WITH PRICE AND VOLUME.
CONFIRMING BY THE TREND LINE IN THE CHART TARGET MENTIONED IN THE CHART
FOLLOW ME TO GET SUCH IDEAS.
LIKE MY POST IF IT HELPS YOU.
HOW EVER PRESENT NEGATIVE SENTIMENT PREVAILING IN THE MARKET TRADE WITH PROPER STOP LOSS.
Nifty is on the verge of giving a medium term -VE signal, on a reliable 9/34 EMA on Index and RSI System.
Otherwise it continued to trade below the major trendline, I've discussed in my y'day's post. Technically, there is nothing to expect a recovery tomorrow. But, we are just four days away from a major event, and...
As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.099.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.098.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Bullish for the Target of 1644 (if stays above yellow line as shown in the chart).
Bearish Long position for the target of 1316. Conditions: 1) Next day candle closes below 1634 after touching the first Bullish target of 1644 and 2) Not able to sustain or breach 1644.
1316 achievable in 14 to 20 sessions as per the past trend!
IF RESULTS ARE GOOD IT CAN MAX TOUCH THE TARGET AS SHOWN WITH ARROW BUY ONLY ABOVE 188.65 WHEN CANDLE GIVES A CLOSE ABOVE IT ON 45 MIN. CANDLE IF RESULTS ARE BAD TARGET 177.60 GOOD LUCK
TRADE AT YOUR OWN RISK
The small gains has made no change to the stance of BankNifty.
It continues to trade above an important trend line and in SELL mode as per reliable medium term trend indicator, 9&34 EMAs on Index n RSI.
Not comfortable with taking storts at this level, despite confirmed week signals. Let the Budget pass . . .
Delta neutral strategies can be used...