NIFTY 50 EOD ANALYSIS -20-09-21
O / H / L / C
17443.85 / 17622.75 / 17361.85 / 17396.9
H-L = 261 points
VIX 17.49 / +14.84%
FII DII: -1534 Crores
SGX NIFTY at 1940h - 17427 +54 points
Likely open: Flat to mild positive. A lot depends on how the US markets end.
CHART BASED CONCLUSIONS - 15 Minutes Chart
A gap-down straight to the FIB support...
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 10-15 times.
As seen in Chart DJI has given huge Gap Down in today’s session and it can head towards its weekly support of 33153.
If Today’s Gap Down is not filled then we may break 33153 level and head towards 31496 or 30996.
If these bearish views are successful then be careful in your long positions since it has been observed that US markets impact other markets globally...
Keep watching Global market...any time we can expect a profit booking..
- On January 20, Joe Biden will officially become president - this is an major event in this month
- Finance Minister Nirmala Sitharaman will present Union Budget on February 1
These are the major upcoming events.....keep an eye on it....
Be fearful when others are greedy....
Three possible reversal levels are Shown in the chart
1st it needs to breakout the descending channel Resistance level
2nd it needs to break Fib 0.5 retracement level + Failure line of head and Shoulder pattern
3rd it needs to breakout the ascending channel resistance
Before moving 10600 levels nifty might retest the ascending channel...
Nifty has shown a clear cut breakout on charts. comparing it with Dow, Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we ( Nifty ) are at the retracement level of...
Hang Seng CMP 26494
Sustaining above the red resistance trend line, HSI can potentially scale up to 28500 levels...
Alternatively wait for a dip towards 26244 levels. Holding that level one can look to enter for a Long trade with Stop Loss at around 25980. That provides a good Risk::Reward ratio.
This is for educational purpose only. Please do your own Analysis...
This chart looks at the DAX index from Germany.
It may be creating a Bearish Head&Shoulder topping pattern at at 13500.
2 day consecutive closing below the neckline of 11950 should be a confirmation.
We must wait and see.
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for TATAGLOBAL
Buy Above: 267.8 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...