Nifty weekly closed at Support- After the closing of Friday this week Nifty is trading very near to support zone.
- If you observe the hourly view, 18500 level is the zone, where nifty is spending more time (i.e. Nifty is trading much time here)
- In the “day timeframe view” Nifty is now the “HIGH 3” level
- Nifty can bounce back in the coming week and can brake the all time high of 18887.
Multiple Time Frame Analysis
Will 18600 act as a SUPPORT for now..?As we can see NIFTY despite the strong upmove in the first half finally took a toll in last hours but it did close above 18600 mark which is also both a psychological level and important support as it has acted as an important resistance in previous trading session hence we might expect a strong opening today and carry its bull run so keep watching everyone
Strong closing seen! 18900 coming up next..?As we can see and had been analysing since past few weeks that unless NIFTY closes above or below either of the levels it can remain sideways but NIFTY showed a strong closing above our given range and hence we can expect NIFTY to move further up till 18900++ in coming trading sessions so keep watching everyone
GAP FILLED.. Whats next..?As we analysed in our previous post that more of downfall was coming! We did see some great downfall in the first half and filled the pending gap before finally recovering in second half! We can now expect nifty to remain sideways unless NIFTY finally breaks out of the range and moves either side hence unless it breaks either side we can expect NIFTY to remain sideways so keep watching everyone
EURGBPFOREXCOM:EURGBP
...............here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more SMC to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
More dowmside coming up for NIFTYAs we can see despite the strong opening NIFTY failed to sustain itself and fell. We can see a gap pending which can be filled till 18500 levels which is also a psychological level and could act as an important SUPPORT hence any signs of REJECTION around those area would be a good buy with better R:R else its on bearish side as of now
CHFJPY 2 sided tradeReasons for short buy
1. If market breaks grey zone, this indicates it wil pull back then go higher
2. Market is already in up trend so ride the continuation
3. Buy until it hits flip zone
Reasons for long term sell
1. Broke daily/4hr trend line
2. Created a CHoCH(change of character) which is not shown on my chart but its there
3. As long as unit holds supply level, you show be looking for sells
GAP FILLING DONE! What’s next..?As we had been analysing since last 2 days that the pending gap is yet to be filled and we did see that gap filling in last trading session! Now it completely depends upon opening of NIFTY as if NIFTY opens above 18500 we might see some pullback or else we can see more of downfall coming up in NIFTY till 18400 wherein signs of REVERSAL could show good upmove so keep watching these important levels
NIFTY is going to remain sideways for now..?As we can see NIFTY had been sideways throughout the day hence making it more room for fall in coming trading sessions! if NIFTY opens strong then we might see NIFTY getting rejected at 18700 levels which is a better place to short! on the other hand if NIFTY fails to sustain itself above 18600 levels we might see a good downfall in coming trading sessions so keep watching everyone
100 points gap filling coming up in NIFTY..?As we can see despite the strong opening in NIFTY it succumbed to being sluggish to negative the whole day which means it couldn’t hold itself at given levels hence if NIFTY opens weak and could not sustain itself above 18600 levels then we can expect a downfall coming up yill 18400 levels but if it opens strong then we might expect NIFTY to reject around 18680-18700 levels so keep watching everyone
BANKNIFTY getting ready for its ALL TIME HIGH now As we can see BANKNIFTY can be seen in consolidation since last few weeks now and had been hitting resistance which is a psychological level of 44000-44150 levels making it weaker ! Hence we can see BANKNIFTY again making new all time high now hence any flat to strong opening can show blasting upmove in upcoming trading sessions so keep watching everyone and make positions accordingly
Sundaram Clayton SwingStock swing can be taken for following reasons :
1) After has a strong sell off market is retracing back to the upside.
2) In retracement it has created a structure indicating it's upside potential
3) Daily structure is tested and 4HR timeframe is also bullish
Stock for Investment Investment Stock - National Aluminium
Key Points-
Consolidation on Monthly TF
2nd swing break level.
Weekly Inside candle breakout.
Pros. (Financials)
1) Debt Free Company
2) Stock PE is around 10 and Industry PE is 24
3) Dividend % in last 5 years- (7-8%)
4) Stock is trading at 1.12 times its book value
Cons.
1) No Sales growth from last 1 year.
NIFTY REVERSED from our magic levels again!As we can see NIFTY again showed weakness in the first half until it reached our level of 18170-18200 levels which has been discussed multiple times before in our post and it showed great REVERSAL from that very level of over 120++ points in the last couple of hours hence we can still see NIFTY being in range between 18200-18450 levels and expected to remain in the range unless it breaks and sustains above or below the given levels so keep watching everyone
NIFTY heading towards 18000 again..?As we can see NIFTY again showed sideways to negative market throughout the day despite its strong opening! Our views still remains intact and we might see NIFTY remaining sideways to negative in coming trading sessions and only level we must watch is 18170-18200 which is its eminent demand zone from where we might expect a closed pullback hence keep watching everyone