Warning: Nifty50 above a dangerous levelWarning: Nifty50 above a dangerous level
A long Legged Doji, very basics of technical analysis. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur!!!!
Also, the steep rise can be dangerous, corrections is very much required.
24 Sep = 10800 Levels and 8 Oct = 11900, around 1100 points gain in 10 trading session.
You should Trade Safely in this market.
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Updated on : 8-Oct-2020 - 7.10pm
Disclaimer: Only for learning purpose.
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Niftyindex
Nifty - Resistance at 10600Note: This is for educational purpose only.
There seems to be a strong resistance at 10600 for Nifty. If this is broken convincingly, there would be further up-move. There is a possibility of sideways movement too for sometime. My overall sentiment is bullish but not expecting any sudden up move.
NIFTY50- INTERESTING MOVEMENT FOR THIS WEEKI sense a good gap up opening tomorrow and if sustains and crosses resistances as i targeted or respects the resistance
It may be a good sign of hopeful recovery of NIFTY
Many analysts are predicting a serious fall but i think i may not be more intelligent than them
but i think the candlestick pattern and kumo cloud of ichimoku suggests some good bullish strength for tomorrow
consider resistances as targets also
All the best.
Let us see
NIFTY might fall in the coming days.Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse.
Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days.
MACD - The signal and the MACD line seem too stuck to each and considering the already falling pattern, the line might cross over for a fall.
Bollinger Band - The mean line seems to have lost the grip of the candles. If it does happen get a grip it still seems like a falling pattern.
It would interesting to see what happens on 18/05/2020.
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!NIFTY WEEKLY CHART SHOWING EXHAUSTION
NOTE:-
VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK
IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE
TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE
VIEW:-
RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008
MACD MOMENTUM BAR IS -227 WAS EVEN BELOW
THAT BUT MANANGED TO COVER
+200/-200 ARE CONTRA ZONES/REVERSAL ZONES
EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP
MY VIEW ON LEVELS
NIFTY BOUNCE EXPECTED
10490
10930
THAT IS STILL 1000 POINTS FROM CURRENT LEVELS
STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS
(ANOTHER REASON FOR MARKET REBOUND)
Nifty again on a Cautious Bull Ride.Nifty is again going for the new High. After hitting our previous targets of 11660, Now nifty is moving for the targets of 11730 & 11833. With an Sl of 11567, 11530 & 11480.
Till Election is will be in the range of these levels and if new high then expect till 11980.
Nifty 50 ! Stay Alert and Cautious before entering tradeMarket might be busy creating trap for traders looks like heading towards 10300.
Nifty is trading below the first support line and moving towards the next one and if closes below might
moves for lower levels around 10300-250 else bounce back from here.
This is my personal view, Feel free to share your opinion in the comments section.
Stay Alert! Invest Wisely!
NIFTY INDEX VIEW FOR THE MONTHNOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index
NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
If i am wrong then we shall use the upward sloping trendline as to exit the trade.
Reasons for a upside breakout
Note that i had given a long trade on banknifty on thursday on the basis of crucial support nearing and the
"GOLDEN CROSS".
10700 nifty put option has seen great amount of put writing and call unwinding.
Although 10800 call option has seen some writing but the initial opening of the index above 10830 shall
spook them.
That will be confirmed once market sustains above 10774-10830 for inital hour that will lead to some
serious short covering.
If you notice the small picture you can see a clear trend emerging for e.g the 20-dma is about to cross the
200-dma but the bigger picture is where the 50-dma is evenutally rising and will finally cross the 200-dma in
fews days time(15-20 days period) giving as a "Golden Cross".
Shorts might get trap,Symmetrical triangle breakout can be expected on the upside and moving averages
showing us a picture.
PLEASE NOTE
"I MIGHT BE WRONG TRADE WITH YOUR OWN DISCRETION WITH STRICT STOPLOSSES"
!!NIFTY BOUNCING FROM THE TRENDLINE!!ACCORDING TO ME TRENDLINE IS VALID
WITH THREE TOUCHES IT CONFIRMS THE SUPPORT
ABOVE THAT WATCH THAT:
THERE IS A HIGHER HIGH AND HIGHER LOW FORMATION GOING
ON THE INDEX A DIP BEFORE BIG EVENTS ARE GIVING US AN
INDICATION WHERE THE MARKETS ARE MOVING
I DONT WANT TO SPECULATE
ONE CAN GO INTO THE EVENT BY CREATING
A VOLATILE OPTION STRATEGY
BUYING A STRANGLE IN OPTION INDEX
SAME OPTION AVAILABLE ON THE BANKNIFTY
Nifty - Mercury, Markets and Mayhem - Below 10800 -10400 -10000 Happier Time Post Mercury Retrograde Period - Happy New Year 2019
Mercury retrogrades for the final time in the year 2018 which has started on 17th Nov to 6th Dec 2018 - Next 3 weeks so we need to be little cautious as more chances of larger price swings and volatile sessions on account of frequent to and fro move in decisions related to communications, media, travel and technology.
Mercury Retrograde Possible Results
Volatile sessions
Larger Price Swings
Travel Plans changed / dropped
Media / Technology glitches - common occurrence.
Avoid any and all kind of heated arguments.
Frequent change of decisions in related fields suggested above. State Elections - Can also get painted because of retrograde period.
So, don't make your decisions in hurry. Think twice , thrice & several times before coming up with final decision.
Retrograde = Backward Movement
Indian Markets Token to Lovely Venus (Oct 2018) - Have you forgotten
USDINR moves from 72.50 to 74.50
Global Markets Token to Lovely Venus
Crude Oil Falling from 75$ to 60$ & more on downside
Bitcoin Falling hard
Global Equities taking a hit
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Trading Strategy
Risky Traders
Selling Close to 10800 - preferably below 10800 -no selling trades above 10800 if sustains
Safe Traders
Selling below 10600 -10550 levels - later should hold below 10600 for lower targets of 10400 -10200 -10000 & 9300-9500 zone.
Alternate Strategy
Bullish Above 10925 -if holds above 10900 later - No Buying Trades if fails to hold " Demand & Destiny Zone - 10900-10925