Market Bottom Level
Follow Chart Instruction.
As per NREWT, Nifty Should Reverse from 6825-45
which can be confirmed tomorrow on break of 7548 level.
Be Caution from Shorting, Dis Investment at these Level.
Use these levels for Investment Purpose.
NIFTY WEEKLY CHART SHOWING EXHAUSTION
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
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...
last month nifty already reverse the uptrend if it goes below 7800 level nifty will hit 7000-6800 mark... nifty right now at very crucial point.. buy in nifty will trigger @8450
and above target will be 8800-9000... short will trigger @7800... trade wisely
Hi all !!
I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you.
With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.
Peak Price: 22,430
Current Price: 9,500
Nifty closed near its supply zone @ 7850-8000. The demand zone is very wide @ 7450-7750. I am not interested in taking any trade-in fut between 7450-8000 because It’s a sideways zone for me. Nifty may be volatile and it may move both sides in this zone. Option selling is a good option in this trading range. In option selling positive is we are very close to the...
I believe that sometimes supply and demand will not work in the news base market. I don't know where and when the market will make bottom but As per my limited knowledge, there are multiple supports near the 6300-7000 zone on weekly as well as a monthly chart. According to this analysys, I don't think in the worst case the market will easily sustain below this zone.
If nifty starts moving upside from present level then 11893-11942 is immediate resistance range and positive only if stays above 11942.
On down side 11813-11733 is support range and if stays below 11733 then it can go below 11615.
Nifty has been free falling since the onset of COVID19.
Also OIL,GOLD,Bonds falling too.
Cities going into lock down.
Fear of Pandemic is driving masses crazy and toppling the economies world around.
Lets see where the fall stops.
Levels are marked for reference only
All for the purpose of Study and analysis NO recommendations