Get started

IDEA

Nifty view for 2019Nifty CMP 10690 So the big question is where is Nifty heading in 2019. The reality is we do not know the answer how it will actually pan out. But if we are to look at charts what it is trying to tell us. Here are some important points - Nifty has been flirting with 200 day EMA for quite some time now - On previous 2 occasions we observe that once the testing period was done it never went below 200 day EMA for months - However this time the recovery has been a difficult phase and we have been flirting up and down the 200 day EMA for quite some time now giving an indication that bulls are not quite confident any more - Every time it has tried to recover it has faltered (which is not a good sign) - Will 200 day EMA start to act as resistance in 2019.... Only time will tell... Given the chart set up 2019 could be a difficult year for Indian Markets It may fall down to 10535 /10000/ 9100 / 8300 (extreme case) odd levels Resistance 10780 / 11100 - So Trade cautiously & safely -Do not use high leverage - have a trading plan - focus on risk management Take care & safe trading...!!!
NSE:NIFTYShort
by indiamarketoutlook
Nifty grinding between 10430-10680 zoneNifty CMP 10604 Last time when nifty was at 10503 levels charts were indicating up movement to remain intact till it holds 10430 levels. Well Nifty has made a low of 10440 thereafter and has been doing a yo yo between 10430 - 10600 odd levels. Today's high so far 10651 is closer to the resistance level of 10680 indicated in previous post. The idea remains the same - buy on dips. Level of 10540-10560 could provide some support going forward. Momentum might be seen once nifty manages to close above 10680 levels Take care & safe trading...!!!
NSE:NIFTYLong
by indiamarketoutlook