Market analysis: Nifty has formed a double top near the 10760 level. So until nifty is below 11960 market will be moving head towards 9400. Let wait and see what the market does in the coming days. Cheers!
Again trend line acting as crucial support.If we reed the chart and act patiently can Trade when the opportunity arises
Chart is only for educational purpose.
Nifty50 is weak and falling facing resistance at a higher level. However, if it holds 10630 levels, then you may witness 10800 followed by 10900.
So, my personal view is to go long if Nifty50 holds 10630 with an SL at around 10550 levels.
Risk- Reward is also good.
Happy Trading!
Akme Analytics
Hii this is trader Kanishk
This is the analysis of NIFTY
I have shorted nifty, do you ? and waiting for a new gap down open on tomorrow morning.
Here the phase is very volatile and we don't have to took long position in nifty .
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional...
NSE:NIFTY
nifty levels for 16/6/2020
note 9600 is strong support and 10000 is strong resistence
the levels which i have marked on the chart can be reversal also use your price action knowledge and trade safe
nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper...
NSE:NIFTY
NOTE THE POINTS WHITE LINES ARE INTERMIDIATE AND SL LINES GREEN ARE BUY AND TGT LINES
RED ARE SELL SIDE AND TGT LINES
BOOK PROFIT AS SOON AS POSSIBLE DONT BE GREEDY AND LET YOUR PROFIT GO
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSE ONLY
TRADE @ YOUR OWN RISK
NSE:NIFTY
These are the Important levels for the Nifty BUY & SELL
* The Pink Lines are for Buying Points
* The Black Lines are for Selling Points
Through This we can Find the Momentum of direction to trade in Nifty Options
This Levels are only for Education Purpose....
I have used a simple price action theory on the 15 minute time frame of Nifty 50.
As we can see that from 18th May, 2020 Nifty 50 started making higher tops and higher bottoms where up swings are marked with green arrows and retracements with red arrows.
Then on 8th June, 2020 Nifty made a high of 10327. But on the next day i.e. 9th June Nifty 50 couldn't cross...
NSE:NIFTY
These are the Important levels for the Nifty BUY & SELL
* The Pink Lines are for Buying Points
* The Black Lines are for Selling Points
Through This we can Find the Momentum of direction to trade in Nifty Options
This Levels are only for Education Purpose....
nifty has give gap up from the exact same high level twice i.e around 9599. so till it opens next day above 9800 .. trade with caution . as it can reverse the move like previous time making an abandoned baby pattern.
i would prefer shorting with a stoploss of 9900 as it would have good risk to reward ratio.
