Indices
Nifty IT Sector is OverBought ??NSE:CNXIT
As per 5 Year chart View, Nifty IT is overbought @ 16739 (Levels Mentioned in Chart). But there are some chances that it could go to Range: 2 @ 18024. Downside Range will be @ 13780. I expect it will consolidate in these mentioned range. It shows us TCS, INFOSYS and some more IT stocks will be in consolidation. Ranges for stocks will be updated in next charts. Stay tuned for more updates :)
This chart is for analysis purpose. Think, Research and analyse before taking any decision.
Comprehensive anlyzed for BANKNIFTY.3 down spikes mentioned in the chart. Both spikes have the same measurement in numbers.
The pivot also has drawn and inner red control price is the first target.
Selling in value preferable for my strategy.
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Nifty Range for Tomorrow 9/7/19NSE:NIFTY
Nifty was 280 points down today and recovered 35 points on before closing. Line: 1(Mentioned in chart) was today low 11523. Tomorrow if Nifty Breaks 11520, Then Short till Line: 2 @ 11455. If tomorrow nifty haven't broke Line: 1. Then Buy and hold till Line: 3 @ 11650. So,If you are in buy side then breaking Line: 1 will be stoploss for Line: 3. if you are in sell side then breaking Line: 1 will be Stoploss for Line: 2.
Think, Research and Analyse your own before taking Decision.
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 .
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.
Intraday Trade SETUP for BANKNIFTYThe small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby .
NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live mkt hrs.
BANKNIFTY: Sellers will continue to enter the market either new.Breakdown study was applied on the BANKNIFTY which has appeared breakout.
buyers can try this level, 30008. In fact two strong has it, another is at 29730.
Sellers will continue to enter the market either new short or as long forced to liquidate until some point when buyers coming in.
We are going to see high volatility in coming this week as I told you earlier in post.
I will update BANKNIFTY accurately in this post tomorrow morning.
Nifty:Breakup or Breakdonw, what happenned if ...Today, I exact nifty taken support after our entry in Option trade, 11700 strike Call option bought @ 18.6 and exited @28.4. Nifty target was achieved. You can see here my last Nifty update.
There'is nothing much over the NIFTY chart. The value price is near the breakdown compared to break up, which can be identify by shorter time frame chart. I will update very soon shorter time-frame analysis.
Its time to take advantage of knowledge over the NIFTY, studied.The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it's true then, nice can move upto 11780 again. above 11626 we can think the bullish for the short term.
Price ration between buyers and seller are in the range of 11598-11678 appeared. (avoid the 3% penetration, any side price can see fire move)
In fact, there are the number of 5 excess, but I have shown 4 five excesses. Each excess has given single direction move and we are at 4th excess.
Clear picture of WAR between buyers and sellers on BANKNIFTY.I have plotted everything clearly for on the chart. Yes, I know these all plotted points are historical, but shortly I will update next control price, excess, value area for the 15min chart which will give you confidence for trading.
When you know what is happening, you trade with complete faith.
Presently, there is not any control price level, so we have to move for a shorter timeframe.
11500 or 11000 below? last Resistance is for NIFTYDue to illness, i was unable to come online because I was in hospital for the whole day.
Today, Nifty made strong bullish candle but, its having final and strong trend line resistance.
Trendline Resistance 12000-50
H & S pattern,
Generally Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223 points is 2% Penetration of LEFT SHOULDER. 11176 + 223 = 11400
For the H & S pattern, 11400 may be a maximum value of RIGHT should with penetration of 2%.