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Demand Zone

Joining the trend with DemandLupin has been making Up trend on Daily Time Frame. The marked zone forms like Rounding Bottom Formation, with a classic Demand Zone Formation. There is no Supply Zone on Daily Time Frame till ₹ 1020, opening up R:R for the long trade. Both 10, 20 EMAs coincide with the zone. If they still remain coincident with both the zone and latest trading price at the time of entry, it may add to better probability for this trade. One of the cons of this trade is that the green bullish candle of Jan 5, has not been able to close satisfactorily above the bearish candle of Dec 29, giving rise to doubt that probably this price movement can be a fake one, to trap and stop us out. Looking to take advantage of this zone to join in the trend. Disclaimer: The Analysis, nowhere recommends to follow it, nor does it recommend nor does it give any advisory to buy/sell. This is not an investment advisory and only an educative analysis.
NSE:LUPINLong
by VaibhavVatkar
NIFTY-WHAT'S 'UP' NOW?At 9980 we anticipated a reversal and advised to be cautious on basis of broader markets action (look at nifty ADL divergence idea), we shorted bank of india and profited more than expected with the market fall. Now where is the market headed? This idea would talk about very short term and analysis is done on nifty spot daily chart. The index is at a crucial level, breaking this level shall bring a clear view on how to trade the markets for medium term. Bears would want to breach this level, the bulls on the other hand would be desperate to protect this level which might result in a sideways battle. Now, for very short term Bullish above 9740 target 9830 Bearish below 9679 target 9595 We are slightly biased towards the bullish side for very short term as the level we currently are is very important and some fight is expected from the bulls..
NSE:NIFTY
by Vashisht_CFTe