Nifty50analysis
nifty analysis for tue 11th may| END OF DAY 10TH MAY|it is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
#banknifty #nifty50 #niftydatanalysis
*Please consult your financial adviser before taking a trade, this video is just for educational purpose
Nifty 50 Intraday Call | Possible Options Strategy> Targets and entry points are mentioned on the chart.
> Try to square off your position on an intraday basis if it doesn't break the positional levels.
> Take positions only if the last 30 mint candle breaks the targets.
> Also in a major breakout or upward momentum you can take positions.
ThankYou :)
NIFTY LEVELS AND MOREI've plotted few important levels for NIFTY on the chart.
One thing I noticed was the 200 MA nearing the current price which shows signs of weakness and possible drop after a week of consolidation.
The more there is consolidation the more aggressive will be the trend bearish/bullish.