Nifty (Spot) Buy Near 11540 Stoploss 10490 Target 11640- 11700
Reasons for Trade- 1.Nifty has formed bullish candlstik pattern on daily chart
2. Excess buying is done near to 4 hour trendline 4th time
3. Price has closed above the 4 hr as well as channel trendline support.
4.Small Pullback is expected after 3 days fall
5. Risk Reward is 1:2
Nifty cracks through 11600 with big momentum. With the way the index has fallen, weakness would be carried on to coming sessions. Immediate support at 11550 looks to have been obeyed, below which we could also see a trendline, which could provide some relief. However, support may only be temporary and it all plays down to whether the level of 11550 holds or fails....
Pattern from low 11625 is also complex. Trading strategy should be sell nifty with strict stop loss of 12001 for the targets given on chart. It can also go below 11625 if bounce from 11625 is wave X2 of Triple zigzag correction.
Nifty Sell Near 11830-11840 Stoploss 11900 Target 11700-11650
Reasons for Trade-1. Nifty has formed strong bearish candlstick pattern on daily as well as Weekly chart. 2.Price closed below important support of 11880 on daily chart. 3.on 15 minute chart price closed below 50+200 EMA 4.Price is ready to break the 15 minute trend line formed on 19th june 5.Risk...
Budget week ends with a muted reaction on the streets. As anticipated the Indices moved well within the defined range of demand and supply zones. As mentioned last week Nifty reacted from the supply zone of 11959 and ending around more than 100 points lower. Nifty bank too saw selling coming in at 31512 levels and giving a gain of almost 400 points. Therefore the...
Rising Wedge pattern observed in NIFTY . Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 195 points. With confirmation of pattern occurring at 11925, Target of the pattern comes in at 11730.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider...
Within short while Nifty might reach 12,200 historical range, but after that upcoming few months slight falls should be faced. Based on upcoming economic announcements and top companies results it will move further. So dear shorters lets wait for 12,200!
Nifty Sell Near 11870-72 Stoploss 11905
Target 11830-11810
Reasons For Trade- 1. Price took resisstance Near IMP level of 11900. 2.On 1 Hour Chart Bearish Candlstick pattern is formed. 3.Excess Selling is started on 15 minute chart from 11900 resistance. 4. Risk Reward more than 1:1.5
Nifty Buy Between 11750-11740 Stoploss 11695 Target 11850/11900 Reasons For Trade-1.Nifty Has given channel Breakout on 15 minute chart as well as on Daily Chart. 2.Strong Bullish candlstick pattern formed on daily Chart.3.On Daily Chart Candle Has closed out o the channel. 4 Price has taken strong support on daily chart on 50EMA. 5.Risk Reward Ratio is 1:2
Nifty breaks out of the falling channel. However, index might be trading in a range for while i.e. between 11650 & 11840. Only a breakout on any side would tell us the next potential trend.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading...
