Tomorrow is nifty weekly expiry and financial budget. There will be much volatility in the market as both the events are on the same day.
Nifty has given a nice move in the first half and consolidated in the second half.
If the market opens flat or slightly lower, after the break out bullish trade can be initiated and heavy quantities should be enter only once...
Nifty is still in the same downtrend channel and it is near top of the channel. Hence. for me the best trade will be to short when Nifty touches the channel top. If nifty falls below the support trendline, I will again short for same target. If nifty behaves some other way, I will simply avoid taking trade. And no matter what, no more than 20 points SL. Thank you!
Nifty will be highly gap down opening in today's session. Expected opening above 17450 level and 17450 to 17500 level is the consolidation range and if nifty break 17500 level this level then possible upside rally upto 17700+ in today's session. in case nifty trade below 17450 level then short target can go up to 17250 - level.
Today's will be gap up opening in Nifty . After opening if nifty sustain above 17380 level then go upto 17520+ level. In case nifty trade below 17340 level then possible downside rally 100-200 points.
Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
As per present scenario, Corrective wave (WXY) is underway in the nifty . During corrective wave nifty has given move to the points, which are exact fibonacci retracement point. Like wave (b) of wave W has exactly retraced to 0.618 and the same is with wave X. with such precedent, it is most likely that nifty should touch 16605 which is 1.618 extension of wave w...
