Note: This is for educational purpose only.
In 30 min chart Nifty seems to be moving in channel. Resistance is around 10830 to 10850 whereas strong support is around 10600 levels. Moreover, there seems to be a bearish engulfing at resistance in 30 min chart.
I will avoid positional short trade in Nifty because Nifty is strongly respecting demand zone @ 10480-10600 and not ready to give daily below 10600.
According to the data 10500 and 10600 is a very strong support.
Next supply zone @ 10925-11070 and this will be my next target in coming days.
Thank x :)
Trade Well
On 16th july the market moved sideways most of the time but it crossed an important level with a big green candle at last hour on thursday. I think the market is still indecisive. Trade with the given support and resistance levels drawn.
Nifty is on demand zone (10603-10565). Kind of Pro gap-up , 2 times very power full reactions we seen from demand zone.
Buy side
Next session with gap up and movement on one direction.Is history repeats than we can see good upside movement tomorrow and RSI should be 50 plus.
Buy above 10610-10615.
Sell side
If not sustain on demand zone than we can see...
We are witnessing a significant correction in the market today. After a significant downfall in yesterday's market since early June, the market finally corrected itself yesterday. However, in today's market nifty has again climbed above the level of 10700. But still it looks like the bulls are having a kind of advantage in the market because the market is kind of...
Hi Traders,
1. On 10th July 2020, I mentioned in my blog of nifty in point no. 1, of a trading plan, is quoting as proof of what you saw in two days has already manifested two days back in form of support, resistance, zone, and conditions for trades. " the price was expected to come down to the red-green zone the red line is replaced with a blue...
$Nifty ! : Analyst Fails, Market Wins!
Technical analyst says maket will fall and its quite
possible also. But MARKET PLAYS ITS OWN.
IF YOU WANT TO WIN ? STAY WITH THE MARKET.
We may see level of 11000 soon
if Fall Support will be around 10750 - 10550 - 10300.
Updated on 13 July 1.00pm
Disclaimer: Only for Learning Purpose
-SGX NIFTY IS INDICATING A 60 POINT GAP-UP
-WE WILL OPEN NEAR OR ABOVE THE TRADING RANGE OF NIFTY OF 10690-10830
-POSITIVE NEWS INFLOWS FOR MAJOR STOCKS WE MIGHT SEE TEST OF 200-SMA PLACED AT 10880
-CRUCIAL SUPPORT IS PLACED AT 10690
-CRUCIAL RESISTANCE IS PLACED AT 10850
-"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY
-TODAY...
Nifty is currently trading above the pullback rally on stoploss hunting zone.
if it closes above 10960 on a weekly chart then the bull can continue if it closes below then we can see another blood bath in coming days
Hello,
Demand Zones : 10480 - 10520 ( VERY STRONG DEMAND ZONE ) / 10630-10730 ( STRONG DEMAND ZONE )
Supply Zone : 10925 - 11065 ( STRONG SUPPLY ZONE )
There are multiple demand zones at down side and strong supply zone and psychological level on the upside.
My next week view in the Nifty is natural because on the it's difficult to get the follow through on the...
Hi Traders,
1. On the 8th of July 2020, I stated in that post is quoting for your consideration in point no.4 of the trading plan " See I made a white circle showing a morning star pattern that took the price to the upside is breached today. Means nor taken out condition was fulfilled in two days trading nor a morning star is valid. So hight...
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
-SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS
-YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830
-I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS
-THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT
-BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830
-THIS PRICE ACTION IS VISIBLE ON 30-MIN...
