Eagle - wait and catch the trade at perfect level. I have mentioned the path of nifty for short term. Path 1 - drive to the trend line and vehicle may get accident once to touch trend line. Reason - MACD is not exactly on strong bullish trend so nifty have less probability to break the trend line. Path 2 - if nifty failed to break the trend line, leads to...
There is an unfilled gap from 8970-9020. Market will try to fill it as soon as possible. Target: 8975 (175 points) Stoploss: 9200 (50 points) R/R: 1:3.5 Regards
Hi, NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points. Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL. But long term view market fell to 6725 with in...
After good upside most likely Nifty prices are supposed to halt at 8940. In case you are positionally long its time to either exit your positions in profit or protect your profit with SL. 161 Level of Fibonacci have 50/50 expectancy to keep prices down for some time
MACD has generated crossover to denote beginning of next price cycle. In case Nifty generates a Bullish Belthold at this level new long position will open. Two things to keep in mind 1. Bullish position will not open without bullish belthold so not advised to go long before you see an actual belthold. 2. The price cycle in formation is 3rd price cycle, price...
Today Nifty opened above 100 points, started falling down and then recovered. The 2 big red candles denote weakening of upside and the red line above shows point of significance. In case you are in long position its time to keep trailing SL on your profit. I think there are roughly 66% chances that Nifty will go sideways or fall from Point of Significance. By...
Looks like fresh upside has began and prices will continue in direction of Fibonacci extention
Right now Nifty does not posses any positive or negative strength. I can be clearly seen nifty failed to create new bullish price cycle after bullish divergence of last day. Wait for prices to either confirm downside by breaking support with shift in volatility or bounce.
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.
1. Height of triangle was projected in downside. Then Nifty undergoing retrace. 2. After fall of 1 Fibonacci Retrace was 0.6 Conclusion : In case prices continue to fall from these levels it can fall upto 1.6 or 2 level on Fibonacci extension. Expected minimum TGT 8272
In case you prefer positional trading Nifty has undergone shift in volatility with divergence and break of resistance. The momentum has changed to downwards.
Nifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.
If Triangle Breaks in downward direction then we can expect good downside
If price breaks 8402 with shift in resistance expect nasty fall, minimum TGT 8367, level of retrace 8346, for more info check chart
A divergence can been forming on Nifty, go short only if prices break support. In case you are already short maintain SL 8440