Nifty looking fatigue, may be it already made its top, if you are in long option position in nifty , it will be better that you must go on with hedged position.
understanding future levels for trades on 25.06.2021 (Friday).
Understanding trends through support and resistance, nifty future levels to trade for 24.06.2021.
levels of nifty future june series, 15 minute chart.
Understanding nifty future levels for trades on 23.06,2021, and levels of nifty future. Note - please consider speech fumbles.
understanding levels with the help of support and resistance. Please correct - in one place i told 26 june , which will be 22 june.
nifty future analysis for 21.06.2021, analysis levels for option trading for 21.06.2021 Note -you may hear some speech fumble due to having cough and cold, so please pardon me.
UNDERSTANDING NIFTY FUTURE LEVELS AND TRADES FOR 18.06.2021 ON THE BASIS OF SUPPORT AND RESISTANCE.
understanding trades through support and resistance.
RSI closed below an important support line that was supporting it since May IInd Week, though the index managed to find support today. Many a times RSI provides a early warning. RSI below 62 will be a confirmation of weakness and by then index will also come below the support line. 15601 remains an important support. Bias Neutral to weak.
As per yesterday's Option OI... 15000PE & 15100PE has maximum writing, more than 40K Lots added at both strike. Near resistance is at 15300CE (14699 Lots addition on 18th) For more details view please visit my Blog - niftyoptionoianalysis.blogspot.com
We can go for long only after trend line resistance breakout for target of important resistance we can go for short after yester day low breaked.
Before take a trade do your analysis and just wait for the breakout.
Hi Traders, Reading of candles before any breakout or after this process can help you see a change in the psychology of price. To know more about this please see the link to the video given in the below box. Yogesh Vats
It is a GraveStone daji after the HangingMan Candle, Overbought markets and back to back doji candles call for caution for sure. 32440, 32330, 32150 are important supports. 32720, 32880 and 33100 are resistance levels. It is again, higher high, low, but lower close, today.
NIFTY extended their journey over sixth consecutive week and scaled to a fresh all-time high of 13579. Going ahead, I believe 13600 would be the key level to watch, as only a decisive close above 13600 would lead to extension of ongoing rally towards 13900 mark as it is the 161.8% extension of the consolidation range (13200-12800), projected from breakout area...
As long as it stays above this, I'm bullish. If price closes below on a weekly bases, my view for nifty turns bearish.