COMPARING MY LAST STATEMENTS IN SGX WITH TODAY ACTUAL MOVE. 1. Yesterday in point no. 3. I mentioned that untill and unless a green trendline is breached nifty can go down with the target of red zone . But it breached in morning that is why nifty did not show big fall. 2. yesterday in sane point no.3 I also mentioned that when price will reach at red zone a...
Nifty seems like going short but the upcoming news can change the trend to upward but technically its down for 8900 level. im bearish on Nifty
COMPARING MY YESTERDAY STATEMENTS AND TRADING PLAN. 1. Yesterday I mentioned that between red and green arrow is no trading zone. Beacause price will hunt for sl in both sides . Traders in both sides will not get good profit rather will be trapped in both sides. This happens in trading range. Therefore , avoid to trade in no trading zone. Nifty though did not...
to 9291 and then drop below today's low to 8894. Reasons: 1. 50% Fib ratio confluence 2. Rsi divergence 3. Price trending downside in a bullish parallel channel 4. Strong demand zone at 8894 which is the 69 pool street of death zone.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Nifty has a strong support at 9000 and POC at 9300 level in daily time frame. Nifty likely to break 9500 in coming weeks if it sustain above 9300. Below 9300 Nifty can test 9000 level if it breaks 9000 (lets not hope that.) will have run towords 8000 level. Trade setup long if nifty nears 9300. Short if nifty breaks 9300 level
TREND ANALYSIS & TRADE SETUP Wave Analysis & Harmonic Chart Pattern . Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 5-10 Times
COMPARING MY LAST STAEMENTS FOR SGX WITH REAL MOVE. 1. YESTERDAY MANY PEOPLE ASKED ME SGX 500 UP NOW HOW WILL YOU TRADE , WHAT WILL HAPPEN . I GAVE ALL ANSWERS IN YESTERDAY POST FROM POINT NO.3 TO 5 . WHAT IS THE IMPACT OF NEWS .WHEN IT SHORT LIVIED ,WHEN ITS LONG LIVED. AND CORRELATION WITH PHASES AND STUCTURES. 2. IN POINT NO.5 I GAVE YOU A GREEN CHANNEL AND...
COMPARING MY LAST STATEMENT WITH TODAY"S ACTUAL MOVE. 1. IN SECOND POINT OF YESTERDAY POST I CLEARLY MENTIONED THAT ENTRY OF BULLS IS SEEN ON WEDNESDAY CANDLE. IF THEY ARE STRONG THEN THEY WILL TAKE PRICE OUT OF WHITE DOTTED LINE AND IF IT DO NOT COME BACK IN 30 MIN THEN TREND WILL CHANGE TO LONG. SEE MARKET OPEN WITH GOOD GAP BUT BULLS WERE NOT STRONG EVEN TO...
Nifty closed @ 9250. There is a supply zone @ 9260-9310, resistance @ 9440 and major supply zone @ 9500-9590. There is a strong demand zone @ 8970-9000 and minor support @ 8800 on the downside. Nifty is trading in the wide sideways range of 9000-9500. In the sideways range, I will prefer to trade in OTM option writing. I will prefer to take a position in...
Support is plotted on weekly chart Wait for some consolidation or reversal signal at this price range
If price hold for 275 on weekly basis then its a buy with sl below 250. We will keep posted about the levels
On the upside, there is a supply zone @ 9300-9420 and a major supply zone @ 9490-9580. On the downside short turm major demand zone @ 9870-9000. Still, I prefer to trade in the option selling instead of trade in FUT between 9000-9580 zone. I am seeing a limited upside so today sold 9600 call @ 49 for 14th May exp. (Update this trade-in yesterday nifty post). ...
As per SGX nifty NIFTY will break up from the triangle
Nifty has formed a trendline on 15 mints chart. If nifty breaks this trendline with high buy volumes then it can go till 9500 (1st red line) and if sustain above 9500 then it can go till 9590 (2md red line). On the downside, if nifty broke 1st green line of 9100 then it can go till 9020 levels. If selling pressure continues then It can go till 8900. Please Note -...
As I have mentioned in my yesterday post still my view is the same. I am not expecting Nifty Expery below 9000 and above 9500. On the first day of the expery, I have taken a short position in 9600 call (Trade Shared in my Nifty Post.) and today made a short position in 9000 put (trade shared in the yesterday Nifty post). The interesting part in the data is...
Atul ltd looks strong bearish due to price and RSI making a negative divergence. Another reason is supply and demand. Both technical and fundamental reason is too weak to support this.