Hello, As I have mentioned in my weekly analysys, I am not bullish in NIfty. Major Supply Zone @ 12085-12115 and Major Demand Zone @ 11950-11975 On Monday if it will sustain below 12085 then I will go short for the target of next demand zone. Trade Well
Delhi Assembly Election 2020 exit polls have predicted that the Aam Aadmi Party will retain power with a comfortable majority.......this is bad news for market
Last month downward breakout is still intact. MACD confirms bearishness. Expect Feb month expiry would be below 12450 level.
let's see in future ... nifty first target _11088-10988 nifty second target_ 10000 final target _8900 nifty will touch 8900 within 8 months as per my old analysis..
Nifty remained in uptrend - So until the CZ + Yellow TL breaks avoid selling in it Since budget is coming this week - one may expect more gap ups- downs so please stay cautious and avoid aggressive positions if you do not understand markets well 12100 zone is acting as IMP DEMAND ZONE
Nifty now immediate resistance 12272 /12290 above 12290 it may show 12350 HH-HL formations . Consider budget before trading . Volatility will be good. keep your charts simple , adding many things don't give results because you will be bounded Twiiter - @TheSachinJain telegram - @tradingbud Do check our previous results . :)
Nifty consolidated near PDL zone - So avoid buying until CZ + TL breaks convincingly Markets are in seller's territory (Sell on Rise phase) A good demand zone is present near 12100 ( which also is a strong ORDERFLOW ZONE)
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The Support and Resistance Levels for the Nifty50. The most important Yearly Level for Nifty 12337 if the price holds the level the next target will be 12535 (+190 Points) if the level fails the next immediate support will be 12008(- 330 Approx).
Buy Nifty 12020 Stop-loss 11974 Target 12300 and above. Risk/Reward 1:6 Target all the way back to new highs. Just buying the dip with 45 point stop-loss. Trading with the prevailing trend and I am ready to lose small for higher reward. Or let it hit the stop-loss and go down further for the sake of NMDC & GAIL. :)
Please find the supply and demand zones in the chart. Negative Data build-up in Nifty. According to the price action and data build up my trading plan will be as below:- Plan A: Future Trade: I will short Nifty Future if it will sustain below 12200-12190 zone for the target of 11140-11115. I will buy Nifty future if it will...
SHORT TERM TARGET OF NIFTY AT UPPER CHANNEL AND REVERSE TO MIDDLE LINE OF CHANNEL NSE:NIFTY
1. Nifty is making higher highs - Higher lows. 2. Sustain above 12230 upside target 12350-12400 will be intact.
see banknifty price make higher high but rsi higher low formation. so in this up trending market this may be a reversal in next 2 - 3 days .
try red lne ... buy for 12200 thanks