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Nifty InstaView 02 Mar’21: En Route 15K Nifty View: A fine follow through up move from the benchmark Nifty index in today’s session. This brings in some degree of confidence in the bounce and high probability that the index will take out the psychological 15K mark soon. Now sustaining above 15K can be a little tricky as there are multiple resistances moving ahead. At the current close, the index has entered a wide falling gap between (14,950-15,050) which is likely to offer some short term resistances. But I will be keeping a closer look at (15.0750-15,150) wherein we have a big volume cluster. Short term traders who have participated in this 2-day bounce on the long side should look to protect their open profits aggressively now. Thank you for following my work and please feel free to share your thoughts and suggestions. Trade Well. Trade Wise.
NSE:NIFTY1!
by Abhijit_Paul
BNF - GAP up on Monday ? Banknifty got stuck in a consolidation zone . the way it kept recovering from days low and getting stuck in upper resistance makes a break away GAP high probability on Monday A breakaway gap occurs when the price gaps above a support or resistance area, like those established during a trading range. When the price breaks out of a well-established trading range via a gap, that is a breakaway gap. I hope this timely identification helps someone Happy Trading MSK
NSE:BANKNIFTYLong
by msk_analysis
Nifty: Chart set up and trading view Nifty CMP 12540 Nifty opens gap up yet another day and is up 75 odd points. So is it time to celebrate or time to be cautious??? Lets look at chart set up In the chart we observe - Nifty Breakaway Gap up - Nifty Continuation Gap up - today's yet another Gap up opening could potentially turn out to be an Exhaustion Gap So it would be wise not to get too excited for any fresh entry in Nifty for Long position Given the set up, One may consider selling Nifty 12600 Call option Expiry: 12 Nov around 55-62 ( CMP 58.5) The strategy gives protection for a rise in price up to 12658 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Use this for educational purpose - Any decision you take you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty may fall 2500 points in July!!Do not buy into this rally.. it looks like a bull trap which is very common in all bear market corrections. If technical analysis works, I can not think of a stronger sign for a big down move very soon.. 1. Price corrected till golden fib 61.8% level and came down sharp in daily chart 2. It also coincides with the 200 EMA in daily chart. 3. Upward rally is not supported by good volume 4. RSI is touching the trendline even when price is yet to come down to touch the trendline. It shows indicator is not supporting the price moving up. 5. Higher high in price; but RSI made same highs. 6. Price is currently in a upward sloping wedge pattern which is a bearish pattern. Price bounced from the lower trendline of the wedge 3 times. Most of the cases, it breaks the wedge at 4th attemtp towards the downside. 7. The fundamentals are getting worse everyday (covid situation, economy, border disputes) There is a big gap at 8100 level yet to be filled. If the wedge is successfully broken, price should technically break previous low of 7500 in an ideal bear market. I will be short with a target till 8100 though. Disclaimer: Market is always right. It can prove any expert wrong any day.
NSE:NIFTYShort
by ssen
47
Vedanta: How technical analysis helped us capture a 15% movementVedanta On 20 May we had recommended this idea as cash buy for a target of 97.5 & above 98 for extended target of 102 / 104. - first we observed Vedanta trading in upward channel highlighted by the blue lines - we got further cues from trading pattern observed at the green gap zone - it acted as resistance on previous 3 occasions & there was signs of gap zone potentially acting as support. - and that is precisely what it did. It reversed exactly from lower end of gap zone As far as target is concerned we see another gap zone between 104- 111 odd levels highlighted by red zone. So to ensure trade execution we gave a target slightly below 104 at 102. And that's the level where Vedanta made a high - 102.50 And we were able to capture a nice 15% in just 10 trading sessions :-) If you want to learn, you can message me in private chat. Message only if you are serious about learning. Regards, Vaibhav Deshpande
NSE:VEDL
by indiamarketoutlook