Nifty is showing support @ previous Highs as mentioned in the charts. This looks to be a potential reversal zone. RSI rising >50 is a good sign. StochRSI is looking to be making a crossover. This is the earliest signs of reversal, (ultimate confirmation is yet to happen) from the bottom so please keep your positions light. Will update when position sizes can be...
KEEP EYE BANKNIFTY IMPORTANT SUPPORT
Nifty Intraday analysis || Sell #Nifty50
Worrisome street eventually gives up in panic ending the week in negative major indices. Nifty ends 300 points lower while the Nifty bank ends down by 2000 points. As mentioned last week both the indices were our short candidate, seems no respite for the banking sector as RBI too was not able to convince the street. Ideally suggesting there is more panic coming...
NIFTY 50 can be long above given green line and NF can also be shorted below red line We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!! SL - Above/below blue line depending upon breakout/breakdown respectively. #NIFTY #NF #NIFTY50 #NF For more details,contact us through...
NIFTY 50 can be long above given green line and NF can also be shorted below red line We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!! SL - Above/below blue line depending upon breakout/breakdown respectively. #NIFTY #NF #NIFTY50 #NF For more details,contact us through...
NIFTY 50 can be long above given green line and NF can also be shorted below red line We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!! #NIFTY #NF #NIFTY50 #NF For more details,contact us through Personal Message :) ENJOY !!
A clear Bullish divergence can be seen on RSI in Nifty Index here today. The RSI is HIGH whereas the CMP or Close on Nifty is much lower from where the red arrow starts. The RSI has crossed the RED broken line. Can long Nifty with immediate support of 10950 ish zone where the monthly and weekly pivot are there. Watch the red arrow on the price chart and the red...
Nifty 50 Weekly Chart Analysis #NIFTY50
Nifty50 Intraday |day analysis #NIFTY50
In Nifty we can witness a selling pressure on current levels....selling on rise will be a good bet....possible levels are 10855-10789-10676.....respect risk....happy trading
Resistance area ahead. Price is showing some bullish strength. Safe traders should avoid entry within the zone. Risk takers can take long trade with strict SL. Watch the lower time frame price action for an exit.
NSE:NIFTY nifty formed bearish engulfing rally will be above 11120 support will be 10920 RSI is also in channel
Nifty inverse head and shoulders || Intraday #NIFTY50