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Niftyindex

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"
NSE:NIFTYEducation
by manavtechresearch
23
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 ---------------------------------------------------------------------------------------------------------- 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
NSE:NIFTYShort
by WaveTalks
5