The S&P 500 Starts To Bounce? Support & Resistance MappedThe S&P 500 (SPX) is now starting to bounce.
The sellers are exhausted according to the indicators and we are seeing a strong jump taking place today.
We have more details on the chart above.
We believe that prices can bounce before producing one final strong drop, but it all depends on how these support and resistance levels are handled, we remain open to all scenarios.
If prices move up and stay above the "resistance zone", the bulls take control, but if they move lower, the "support zone" can be tested.
If prices for the SPX manages to go below the "support zone", then we can expect more red and lower targets as shown in my previous long-term weekly analysis.
If support holds, we can expect prices to move back up.
You can find my previous weekly analysis here: www.tradingview.com
Thanks a lot for reading...
Remember to hit LIKE to show your support.
Namaste.
Index
S&P 500 then and now, What next?After this huge slippage of prices today, the bullish invalidation is at $2874sh level and bullish knock back to the market will be in between the range of
3017-3050 zone.
What is expected next is break of bullish invalidation and lower side targets. A probable pull back or retest of bullish knock is possible before a fall again.
BHOOMI predicted this fall way before, on 20th Feb itself.
Read my earlier blog on different topics at niftyanalysis.in/blog
BSE #ALLCAP Index really needs super force to cross this hurdleDojis at the resistance are not a good signal so far.
A
This message is for who want to buy NIFTY.--> Just like the waves in the direction of the Sea and the less dififfult and less difficut o walk in that direction , here is what i want to tell you.
As per the long view of the nifty research, I suggest to find what is the best level and minimum risk for short selling is intelligent decision AS TRADER.
Above chart is perfect example of the result.
Long term view: (I don't recommended to buy index as per long eye)
I suggest you to find where to short and move in direction of the wave.
IF YOU REALLY WANT MY DEEPEST RESEARCH THEN, JUST COMMENT ME... I CAN FIND EXACT LEVEL TO SHORT NIFTY. currently, I am thinking for target 11800-11825 shortly.
Researched for U-Turn for nifty.Researched for U-Turn for nifty.
Intraday Resistance 12349
2nd channel Resistance 12386
Last and final main channel Resistance 12448
We have plotted GAP, channel layers (0) to (3), Initiated move and responsive move on the spot nifty chart.
As per channel layers, traders can make 3x to 5x money from trade setup by using Option Trade (PUT).
Weekly chart view:
Nifty - Long - Swing TradeNifty formed a bullish flag pattern followed by a consolidation before a breakout to reach the top of the flag.
Further consolidation was seen in the ~11800-12000 range.
Nifty has witnessed a breakout from this range and is thefore expected to resume its upmove to the target of 12775 given the length of the Flag Pole.
This is ofcourse going to be a swing trade with positions to be held for several weeks.
I will post updates on the trade from time to time.
Stop Loss should be maintained at 11800.
Target: 12775
BANKNIFTY is on axis pointas we witnessed a mark of 32155 couple of trading sessions ago, so now as you can see in this chart that we are on Axis point. if this 4hr candle closes below our axis point then we are in correction zone and somewhere will we find a support at 31090.
previous high (32155) to our axis point is a choppy zone, so do not enter between this range.
you can long above 32155 for the target of 32770.
Nifty/Comex Gold -Solving Explosive puzzle with Golden ShineDisclaimer
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.
Comex Gold
Trading above 1490$ - There is room for gold to move 80-100$ upside in 1580-1625$
Later below 1490$ - It can slip to 1410/1265/1050$ as per long term strategy.
Nifty Index
Holding below 11310-11325 – Bias remains negative & whole explosive rally of last trading day could fizzle out & Index could slip back to
Target 1-
11140-11150
Target 2-
Below 11140 – target is 11080-11090
Target 3-
Below 11080- Expect 10950
Target 4-
Below 10890– Expect 10750
Target 5-
Below 10740– Expect 10580-10615
Note – Above 11325 – This idea gets invalidated
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?






















