ghstocktrading.webnode.com BANK NIFTY: WEEK-TECH-SHEET->27th May 2019 to 31st May 2019 Bank nifty moves around +1160.55 pips from 27th May 2019 to 31st May 2019, in which bank nifty break last week 20th May 2019 to 24th May 2019 top 31705.00. BANK NIFTY: Breaks April Top: 30669.80
ghstocktrading.webnode.com NIFTY IT: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019 NIFTY IT moves around -547.80 pips from 20th May 2019 to 24th May 2019, in which nifty IT break last week 13th May 2019 to 17th May 2019 bottom 15642.95. NIFTY IT: Breaks April Bottom: 15662.55
ghstocktrading.webnode.com NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019 Nifty 50 moves around +449.45 pips from 20th May 2019 to 24th May 2019, in which nifty 50 break last week 13th May 2019 to 17th May 2019 top 11426.15. NIFTY 50: Breaks April Top: 11856.15
There is an inside-outside - inside pattern seen on 22, 23 and 24th of may respectively. 22th candle is an inside candle of 21th , 23rd is an outside candle of 22th and 24th is again an inside candle of 23rd forming an ioi pattern. Market is long if the price breaks the high of the outside bar ( 12041 ) Market is short if it breaks the low of the outside...
Target 10760 10600 10400 in coming few months
Election result (23/05/2019) will be gamer changer for nifty trend. Up Trend: If nifty breaks the resistance of 11860 then it will continue the up trend. Down Trend: If nifty breaks the support of 11560 then it will continue the down trend. Bottom strong support area from 11080 to 11130
NIfty Enter Demand Supply zone.... Target 11092
Support of Nifty is at 11259.85 at the bottom of the green candle on the 17th of May, while the resistance is at 11497.9, which is the close of the candle of the 7th of May.
History repeats itself, The First as tragedy than as farce - Karl Marx
"Be ready for heavy bloodshed, there is no support or no stock to hold the nifty upward. We may encounter huge gap down tomorrow. Large quantity has been traded through dark pool after market hours" Short below 11282, Target 1 = 11220 Target 2 = 11180 Target 3 = open with 3 rupees trailing stop-loss. STOP-LOSS = 11310 #Illuminati
Formula Kiss - keep it simple stupid. If 11350 holds then 11572 easily possible by next week if not then 11100 too possible by next week.
Market is expensive right now, Until the election result is declared it will go down and there are only few stocks holding the nifty higher and they are also trading at their high so at some point they will go down and nifty will find its bottom.
Forward prediction-I think this is how Nifty would react today.
Levels for either side - close below 11704 - looks weak, biased towards short side.