Index
Nifty setup for tuesday!!!This is my setup for Tuesday's session for Nifty.
Concentrate on the blue box inside the large box and nowhere else.
As we can see, I have marked PDH, PSH & PDL.
PDH = previous day high.
PSH = Previous swing high.
PDF = previous day low.
Small blue box: Selling zone.
Since nifty has given a close above CPR on Thursday and Friday.
The Tuesday setup is as follows.
11080 ish is the previous swing high zone,
if at all at the start we get a dip till these levels one can go long in Index or CE with a Stop of around 11045ish zone.
Keep stop according to your risk-reward ratio.
Any opinions please comment for your setups.
Thank You.
Banknifty daily channel for identifing direction.
Price is trading at control price which reacts like a gravitating .
Detect "series of Doji" which indicate that uncertainty in the market and might be a turning point.
From the smaller timeFrame, we can find a more accurate direction. I will update it very soon.
Nifty is not good for more up move.I am trying to publish since 15 min. but There is something wrong my internet or in trading view. it's little late.
Selling at a value high it good.
Resistance 11912 to 11894.
Hit LIKE button for realtime N OTIFICATION.
(GST) for June stood at Rs 99,939 crore. It slipped.
Rupee settles 9 paise higher at 68.94 against US dollar.
Something is cooking behind Individual traders.Chart Projection might be required to correct. Something is cooking which cannot see by normal trader's eye. After the big move, the price will its own normal channel. The market is not going to close permanently, therefore don't get hurry with greed or get fear.
Gap up.
Price Rejection.
Fundamental points to be considered for traders:
Media believe, GDP kept in the interim Budget.
Union Budget.
Smart Money, Foreign Institutional Investor (FIIs), Huge Fund managers, etc where are you they want to move?
little masurement over the NIFTY will give big understanding.Everything is the chart, No need to write about it.
Hit LIKE button and Follow me.
Opening analysis for intranet and positional on NIFTYThe price following "co ntro l price" and in the starting nifty fall will give power by control price 11655 nearby as support.
Let it be open the Market and You will get REAL-TIME alert if you hit LIKE button .
A 38% Fib. Retracement existed 11665.
News and Points to cover for today:
SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve.
Gold rises to near 6-year high on dollar weakness, US-Iran tensions.
Rupee rises 23 paise to 69.35 against US dollar.
Oil prices steady, US-Iran tensions remain in focus.
There is not bigger new for India Markets .
Banknifty with New value area plotted with projectionBanknifty formed a new channel which has target 31070 nearby.
This is also resistance and Pivot for changing direct for short term at 3020 nearby.
This new channel is not reliable as compare tight and bigger channel.
2-scenario on BANKNIFTY, Which one is for you?I have plotted here 2-scenario where BANKNIFTY can move beside.
What are the points to confir m the direct?
The following points should be considered while taking action.
find the where are low risk (stop loss) and higher target
down-side more preferable to keep our trades presently.
control price will give you hit and more accuracy to trade here.
etc.
Hit LIKE button for understanding more and ALERT you.
Nifty Auto Index | Trade NiveshThe Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo Tyres (down 1.36 per cent) were the top losers in the index.
view by chart technical clear down to become top levels mode
MIDCAP MANIA MIGHT COME TO A TEMPORARY HALT!!!Midcaps have had a smart up move since the past fortnight and the Midcap index has reached a level where in it had faced resistance and went through distribution and gave way. Today at the day's close, it reached the same level and formed a Doji kind of pattern which indicated indecisiveness. The Rsi has reached a level where in a pullback on the downside might not be ruled out. Also on MACD , as it is a lagging indicator you might see it converging on the down side in the days to come.
There is a possibility the index might move up a bit or stay sideways but a lot of Midcaps gave way in today's trade and that could be an indication of things to come.
Be safe , book your profits!
Buy Nifty with a SL of 10810 [Conditional] for 5th FebIf NSE:NIFTY opens below 10890 then initiate a buy around 10842- 10850 with a SL of 10810. Do not initiate a buy if Nifty opens above 10912 . All the above levels are for Cash.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BANK NIFTY - SHORTSimilar to Nifty we can also see the bearish pattern in bank nifty as well. Sell range is between 27632 - 27656. Observe the price action near the range before making any short entry. Wait for the price rejection in the given range.
BANKNIFTY | Key_levels | 1WAs we can see BANKNIFTY is at an interesting level.
from current levels...
if it shows a reversal sign( 2 red candles closes below the previous one )
then go short.
if it continues to show the current trend then go long for red resistance line.
Bursa Malaysia Spot Index looks weakAs per last one month KLSE index trading in range of 1680-1720 just below 61.8% Fib retrenchment level of rise from July-18 to Aug-18.
If index trade below 1700 level then fall to 1670-1660 level.
Volume addition in selling suggest major delivery based selling happening.
NIFTY ASCENDING TRIANGLE BREAKOUT ON HOURLY CHART ASCENDING TRIANGLE BREAKOUT IN NIFTY INDEX
PLEASE NOTE
HOURLY CHART BREAKOUT RELIABLITY IS LESS AS TIME FRAME ANALYSIS
HENCEFORTH TRADE WITH CAUTION
PREFER OPTION TRADE TO LIMIT LOSS AND MANAGE THE VOLATILITY.
TRADE
BUY 10800 CE @60 (NOV)
STOP@40
TARGET@120
LOT SIZE:75
QTY:6
NOTE:A TEST OF 200-DMA IS POSSIBLE IF BREAKS THEN HOLD ON FOR 10930 LEVELS
MACD ABOUT TO GIVE MOMENTUM BAR ABOVE ZERO GOING INTO +VE MOVEMENT
REDUCTION IN VOLATILITY INDEX VIX IS SHOWING STRENGTH ON THE UPSIDE
TRADE WITH STRICT STOPLOSS
I HAD POSTED AN EARLY CALL ON NIFTY FEW DAYS AGO
THERE WAS A TYPING ERROR
BULLISH ENGULFING*IS PIERCING LINE PLEASE NOTE THAT
Nifty - wait and watchNifty could touch 11585 which is the next resistance. If it closes above 11585, there could be a further upside.
If it does not close above 11585, then we have to wait and see what happens next.
DAX GermanyThis 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.
USD/JPY Technical analysisThe daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the trendline.
On the contrary there might be a correction for now and the bull rally can start after a small correction.
Also the ADX indicator is currently making a bullish crossover.
Taking all these into considerations, we expect the counter to be bullish .
Long once it crosses the trendline.
nifty made a U turn .. are bulls really in control??Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.
