View still in tact untill we don't close clearly below 11650 with strength. Intra / Swing Setup: Can re-bounce to 12000 in next trading session. For detail analysis follow me.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
AS suggested in previous idea, it tested 11750 and fell towards 11567 which is support for nifty, it couldn't break it decisively and moved up, now only holding above 11609 can again push till 11750/900 levels.
Downside break of the support decisively it can fall further towards 11460
These are November Future values
If you need this at 9.15 AM (paid)
Buy Above 11675.34
Buy Targets 11717.14 11758.70 11792.30 11825.89 11873.72 11902.76 12001.83 12110.58
Sell Below 11624.56
Sell Targets 11582.76 11541.20 11507.60 11474.01 11426.18 11397.14 11298.07 11189.32
Trend change timings : 9:27,10:08,11:26,12:18,13:25,14:07,15:24
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Dr. Shamraja Nadar
Normally I don't prefer to trade with a heavy position at 5th wave especially, whenever 3rd wave is extended. In this case, we're moving toward forming 5th Wave.
I have already predicted 5wave of A, B, and C by using future expected retracement.
As discussed before open in queen's gambit , bank nifty made a high of 24339 against our projection of 24368. This logic was applied to sell 24300 CE which went 0. Nifty projections were shared in public platform from where Nifty went down 100 points post lunch.
Support for the day
Resistance for the day
Nifty is forming a lower lows and there can be a pull back as per the pattern and the Fibonacci level which is mentioned in the chart.
the pull back can sustain only on intraday time frame and not for the swing for upside.
therefore 11770 to 11800 will act as a crucial zone to decide the market movement since 3rd November 2020 is the US election.
Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high!
Therefore, the day traders can buy for the following levels:
12000 - 12260 - 12400+