NIfty's Expity day with close to 400+ points volatality.
Nifty has given a falls breakout and ready for a small retracement till 9110 +
I am expecting a sideways move in the wide range of 9000-9500 in this expery. Best way to sell the OTM call and put.
Nifty breakdown shorterm trend but long term support is near Levels on chart
NIFTY looks quite weak and has the tendency to drop till 6900 if it doesn't break 9900
Stiff resistance at 9900 if it doesn't break then back to 7500 zone
COMPARING OF YESTERDAY STATEMENTS WITH NIFTY TODAYS MOVE. 1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST...
NIfty has broken the Trend line and waiting to break the triangle pattern which is drawn in white colour line
NIFTY WEEKLY CHART ANALYSIS -SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES -REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE -WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY -BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT -DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS -BUT...
COMPARING OF NIFTY SATURDAY ANALYSIS WITH TODAY MOVEMENT 1. IF YOU REMEMBER ON FRIDAY'S POST WHICH WAS WEEKLY ANALYSIS, I SHARED BEARS ARE GOING TO BE TRAPED. IN FIG I SHARED A WHITE SOLID SUPPORT LINE AS ENTRY POINT. SEE TOADAY'S CANDLE ,IT TOUCHED EXACT SAME SUPPORT CIRCLED IN YELLOW . I WAS EXPECTING THIS POINT TO COVER IN 1 TO 2 DAYS. BUT IT COVERED VERY...
Nifty is trading at support Wait for the closing price or reversal pattern for an entry
PREDICTING ANYTHING IN THIS DAYS IS MOST DIFFICULT BUT THERE ARE SOME POINTS ON CHARTS THAT CAN GIVE US SOME HINT ON NIFTY RECENT BULL RUN .. WHILE EVERYBODY THINKING ITS A REVERSAL OR RETRACEMENT? THERE ARE SOME POINTS ON CHART THAT SHOWS NIFTY BULL RUN CAN MAKE A HALT ON THIS BULL RUN (1) THERE IS A LONG TERM SUPPORT AROUND 10K WHICH CAN BECOME RESISTANCE (2)...
Nifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking. Or if buying is done this level it should be done with proper hedging with PUT option/ Gold. The charts are pretty self explanatory with comments at each points. Weekly chart analysis of Nifty On March 16th...
NIFTY futures are trading at 9220 Position yourself based on the closing price
TRADING PLAN ON MONDAY 1. As in my previous post on nifty i shared how nifty is going trap bears for next week. Now on daily basis how trader will trade. Always remember without stop loss no trading can be done. Before entry one should know where to put sl in trading. As you know SGX nifty is down so get ready for gap down open. Now question arises at what level...
Nifty is in Uptrend......can break all resistance and move in one direction. Comment your views....
NIfty is rallying towards 1.618 fib level which is placed at 10527.78 + minimum of 5 % to 7 % STOPLOSS hunting upward
Overall trend is still bearish but a pullback to 9300 - 10,000 levels can't be ruled out. Just for educational purpose.