Key levels identified by me for next few NIFTY trade setup.
a. Long level at 8938.7 marked with green with target level at 9253 marked with red
b. Short at red level with a target of 9128 marked with blue
c. Long at 9128 marked with blue with target of 9299 marked with blue
d. Short at 9299 level marked with blue with target of 8724 marked with yellow
As nifty started short term positive momentum(because long term looks bearish due to economical reasons), finds support at 8653.
It is more likely that it come at this level to retest it.
There are two main support and resistance levels
support: 8653 and
resistance: 9118 (long term)
If the Nifty comes to 8700 and doesn't break 8653 then there will be a...
After too deep push by Bears, Bulls have open their eyes and with full power tried to defeat the bear.
In this battle will Bulls survives some more days? i guess so..
As per my view the market should breach 9100 level till this expiry, another important level is 10000 which would be too difficult to break.
The market looks bullish for short term(1-2 Weeks) but...
As per my analysis nifty have closed on daily candle below a crucial support of 9119 further down move is expected by 10% (8100).
at that level nifty P/E will be around 18 which is considered good as investment perspective (more than 2 years).
if on closing basis nifty recovers and closed above 9120 it may consolidate between 10000 and 9000 levels.
Bank Nifty Trading Strategy for 12th Feb'2020:- From telegram's BNTrading.
Today was a short squeeze in 1 hour with a range-bound for the rest of the day. The BN opened (31230) in our resistance level (31183-31260) and crossed above the zone in first min itself, which is technical buy and entered into monthly resistance zone ( 31380-31480) and overshoot the zone...
TCS seems to be bearish as it has already broken
The support 1 at 2106
Now There are two more supports that can also be broken
Support 2 at 2059
Support 3 at 2033
Today the market will be more volatile than usual because of budget so trade very carefully !!
Stop Loss 2095
Also The RSI seems to go even down because the supply zone has...
buy above 1330 and sell below 1315 perfect intrday level of niittech ........
just trade and make profit
.............................................do trade not watch you not learn or earn in watching do trade with atleast 10 -20 qty.
and judge the accuracy for more calls and update
This week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement....