Nifty: Sector wise performance analysis!! Interesting Chart!
AB = CD Formation on Nifty
Today's recovery was sharp and unexpected. I would wait for 9130 to be crossed and exceeded before concluding that yesterday's engulfing candle is negated. crossing and sustaining 9050 is important for intraday long side trades. 8880 and 8815 are important support levels on the down side. Future OI and options positions do not provide any clue, volume and...
Nifty Recession Chart Bear Market Layout - Elliot Wave Due to the ongoing pandemic, there is a massive movement in the economy leading to high chances of Recession. Similar to the 2008 market carsh. In 2008 market had a decline of 63% from ATH resulting in a huge housing market crash. It is evident that it takes almost 2 years for the recession period to...
All levels mentioned on chart. Be careful in case of gaps.
The price is respecting the drawn resistance very effectively. The price got rejected three times from the resistance. It is also forming a nice buildup near the resistance which has the potential to give a breakout. Do keep a watch.
Am I just being a Pessimist? Still holding on to 35 Lots NIFTY Futures Short
I was just looking at the Monthly Chart and the Big Uptrend had to correct somewhere. I've seen this happening in many TrendLine breaks, such a huge RED Candle break is usually followed by another Midsized RED Candle. So this month shows a HUGE RED ******g Candle, and I'm going to assume that the Next Month is also going to be RED and it is very well possible that...
I'm still thinking this is going to Fall. and I'm still holding all my 35 Lots in NIFTY.
All levels mentioned on chart. Be careful in case of gaps If market Breaches 9000, it could head towards 9500.
All levels mentioned on chart. Be careful in case of gaps
FOLLOW TRADE AT YOUR OWN RISK
Please try to understand how the market moves around the round numbers, where usually support and resistance levels are formed. SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT. If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance. If there is a gap up opening above a...
All levels mentioned on chart. Be careful in case of gaps