Though nifty had given breakout above the falling trendline but it,
seems that still its facing resistance around 200DMA i.e. 16980 also my
premonition says that nifty could take support around 20DMA i.e. 16720
yesterday while we were witnessing a intraday fall nifty took support and not closed below 5DMA
showing strength.
MACD has also turned positive again a...
Gail has closed above resistance today even when the nifty was down. You can buy nifty above today's high for intraday and dispose off half quantity at the first target.
Today market fall more than 300 point today.
Hope you all made good money.
Tomorrow we will continue on sell side .
On buy side keep your exposure less and
follow strict stop loss.
level mention on chart.
Another successful analysis .
See how our larval works on Friday .
continue with the trend and sell on rise
till market trading below 15050.
scalping level mention on chart.
level mention in chart .
Tomorrow trade with caution as the market has a wide range from 11780-12020.
Scalping is the best way.
Let the market settle, identify the trend, and then trade on levels.
wish you all Happy trading.
Minor trend-line R 9491 - 9509
The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound.
There is no overparticular resistance 9500+.
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339p GAP
This is " Common Gap " price is not going to break support line.
Previous minor resistance at 9405....
