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Marketstructure

NIFTY VIEW for 5/NOV/2019Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart. Our levels worked very well today too. What Next? Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone. But nowadays sentiment is positive then I am also expecting it to hold 11950 level and go high at least 12000. But if it breaks below 11900 then we should look for 11850 and this is the again good buying point.
NSE:NIFTY
by pravinmangalam
NIFTY VIEW for 18/10/2019#NIFTY VIEW @Today Literally I was not expecting this much move, but I was bullish above 11480 and this worked very well and from this level nifty gave a handsome move till 11598 and I drew trend line at this level only. @What Next? After this move buyers has gained the control over sellers and I am expecting this move to continue till 11700 which is a psychological too. In this market I will utilise buy in dips strategy. Levels- 11550 if coming on this you can buy Above 11600 go long I am expecting gap up opening.
NSE:NIFTYLong
by pravinmangalam
NIFTY VIEW for 30/OCT/2019Today we saw a very good move and long position build up. Today’s resistance point was 11800 and it worked very well today’s high is 11809. What Next? I am bullish and looking for more 170 points of move in tomorrow session and and it will touch 11970, “The market which was already trading with a positive bias picked up momentum after media reports suggested that Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of tax alignments for equities in the coming weeks in a bid to further boost investor sentiment, sources in the Finance Ministry and NITI Aayog told CNBC Awaaz.” Source- Money Control Levels- Long @ 11770, SL- 11740 TG- 11970(for two days view) Buy on dips
NSE:NIFTYLong
by pravinmangalam
NIFTY VIEW@1/NOV/2019Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926. Now on the daily chart it has formed long upper shadow with little body. @What next? By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly resistance. so for tomorrow I am looking to short below 11856 and long above above 11877 for the todays high as first target. Level- Short below- 11856 SL- 11877, TG 11800 Long Above- 11877 SL- 11856, TG 11926 Disclaimer- This is for education purpose.
NSE:NIFTYShort
by pravinmangalam
NIFTY VIEW for 22/OCT/2019@18/OCT/2019 On previous trading session nifty gave a good intraday move. And it made high of near around 11695. @Weekly Analysis Since previous two week we saw a bullish movement. @Tomorrow- Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government. Market may react on this news, so if its getting open above then you may wait for it to come 11700 level to buy. Level- Buy above @ 11700 Buy on dips. Don’t short in this market.
NSE:NIFTYLong
by pravinmangalam
#NIFTY VIEW for 17/10/2019As expected, today nifty has moved nowhere, on daily chart it has formed a doji candle, which is a sign of confusion between buyers and sellers. Most important nifty has changed it’s way of movement and gone flattish. After a three days of slow bull move today it took a pause @What next? As nifty has changed market structure then its time to be cautious, My view is neutral for tomorrow and I will decide based on the tomorrow flow. Level- Above 11480 go for buy Below 11412 go for Sell- MOSTLY THIS WILL BE ACTIVE #Disclaimer- This is not recommendation. PRICE IS GOD, RESPECT IT FOLLOW IT.
NSE:NIFTY
by pravinmangalam
NIFTY-VIEW for 16/10/2019As expected, () nifty gave a slow move towards upside and the same we expected. @Today It broke the channel but was not able to sustain above it and came back in channel at the end of the day by forming the upper shadow, this upper shadow shows the sellers strength at the level. one more important point that we can observe here is, almost equal no of sellers and buyers are present in the market because most of the candle has formed doji kind of. @What next? For tomorrow I am neutral can be both the side, but my bias is more on buy side. Level- if sustain 11437 then 11457. and if it crosses 11457 and holds upside then 11500 we can see. Caution- 11498 and 11514 has Daily and Weekly resistance so be cautious before placing your trade. If it breaks the channel at down side then what? --- Watch the video. #Disclaimer- This not recommendation. Its completely my view. PRICE IS GOD, RESPECT IT FOLLOW IT.
NSE:NIFTYLong
by pravinmangalam
#NIFTY View for 15/10/2019Today it was a range bound day, not much move. On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it. So what next? Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but there are lot of hurdles and nifty has to cross these to move up. Today it has formed a bullish channel on 15 min chart which depict the higher-high and higher-low structure, if nifty move between this channel then it will move up but the momentum will be slow. . Disclaimer- This is only view not recommendation.
NSE:NIFTYLong
by pravinmangalam
6
The Dilemma Of TrendlinesOften we see situations like above chart where it is difficult to decide which trendline is correctly drawn. Truly no one can actually tell which trendline is more correct than the other. And Is it the break of AB or AC or DE which should be considered to take the trade? When ever there is such a situation, it is wiser to give secondary importance to these TLs . The foremost importance in such cases should be given to market structure. The stock just made a higher high on 15/12 and broke a series of lower lows after 18 days. Although it could not sustain the highs yet its a positive signal for the bulls. I would consider for long positions in this stock if it maintains the lows just made. A closing above E (925) on this chart will be a second bullish sign. A lot of short covering will be seen above 933 and 937. On the bearish side, a breach below the lows of 908 would attract fresh short positions. Sometimes its better to sit on hands and watch the show. Enjoy :) Bravetotrade
NSE:RELIANCE
by Bravetotrade
27