How to Trade Nifty on this 01 March 2021
What Chart Says:
Nifty formed bearish kind of candle with a huge selling and finally settled at a good support.
Behind the scenes:
Advance to decline ratio is around 0:50 in nifty 50
FII has pulled out around 8295 crores and DII has bought 1499 crores
Us market has closed on positive note of 0.56 on previous week closing...
On last Friday Nifty fell by 568 points (-3.76%), Sensex fell by 1939 points (-3.80%) and BankNifty fell by 1745 points (4.77%). All the 50 stocks in Nifty closed in negative? What happened? Why so serious?
Reason given by various news sources- Bond yields in US increased a lot which resulted in USA and global markets to fall. OK… so how much did US markets fell...
". There is a possibility of temporary retracement to suggested support line (0.00002485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. VETETH is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
what you think tell me in comments.
01 . Testing 200 EMA ,
02. Factored in all bad news.
03. Only private bank in Value buy category
04. Intrinsic value above ₹600
05. MACD is bullish
06. Good Fundamentals
07 . For educational Purpose only
NIfty showing weakness as RSI break 50 level and close below. PCR 1.66. now nifty is become sell on rise mode, if move up to 14720-60 can short as considerable OI seen at 14800 to 14900 levels , so most difficult to cross above 14800.
In this weakness nifty may come down up to 13921-14010 level soons.
13921-14020 is most important level for bounce and reversal,...
For all the basic stuff that I am using in this post, you will have to visit the following idea. This post is in continuation of SBI weekly divergence study..
Overbought -- OB
Oversold -- OS
Divergence -- Div
B-- Div after OB at A
C-- Double top...
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