Nifty and Bank Nifty both are week for a short tern.
Nifty
upside : 12140 if it breaks the resistance
down side : 11300 once it breaks the wedge pattern
Best option strategy is to HEDGE for the last expiry of the month or for the oct first expiry
NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775
Key points :
1) Nifty has formed a triple Top
2)...
NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775
Key points : 1) Nifty has formed a triple Top
...
Nifty Is in tight Range now.
Our Previous Chart of Nifty worked perfectly.
Now after its completion we have another scenarios.
feel free to feedback and correct.
Thanks.
NIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double
top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00
which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00
level was broken then the immediate downside...
Hi Traders,
1. On 3rd of October 2020, I wrote in my weekly blog of nifty about the boom you saw in nifty in point no.2 of the trading plan section is quoting as proof of depth in precision marking with just two support and resistance in a very simple way without any indicator, not even volume. " On the contrary, if the hanging man is not activated then...
This is the 12 Months chart we see 5 Wave Upward Impulse is complete;
We have gone in the Lower degree further into the Monthly chart;
The Lower Degree for the Monthly charts is The Daily chart hence we are verifying the Wave A (Monthly) in The Daily chart;
Here we see Wave A of Monthly chart is a Flat structure ( For reference please find out what...
all the market along nifty will crash upto 50%.
Hold on to cash.
and also considering buying 10 to 30 %
bitcoin.
After considering the debt level, the balance sheet of the most of bank,
and activities about the fed and RBI, and the insider information from central bank as well as some hedge funds.
I am coming to the conclusion tat not only nifty but most of the...
Price took the previous support level and moves up strongly. First target achieved in a day's trade which shows how bullish the price is, so the second target of 11360 will be reached shortly and the ultimate target of 11600 will be reached within this week if this bullishness continues.
Hi Traders,
1. On the 26th of Sep 2020, I wrote only one condition in the trade plan section in my nifty blog. That is quoting for your consideration as proof of price 99% changes its intermediate trend from these arrows. "If the price takes out the red zone in both the frames then the trend will change to the upside. On the contrary, If the...
Hi Traders,
1. On 12th of Sep 2020, I wrote in my blog of nifty about this fall those who follow my words would be in great profit whether they would write or not but I prove in my statements quoting point no.1 of the trade plan section as proof of my wordings " I made one white support If a total no of two candles gives close to below this...
We have had Leading Diagonal as a WAVE 1; hence WAVE 3 will be an extended wave;
Now Wave 1 of WAVE 3 is complete and this is as per the Daily chart;
Now we are here to understand the Upward Correction forming in Wave 2 of WAVE 3;
Wave 2 will have a 3 Waves where Wave A is complete and is a 3 Wave structure so we are expecting the Wave B also to be a 3...
Watchlist for 21st Sept and coming week.
ULTRACEMCO - ORIENTCEM - ASIANPAINT - SUMICHEM - M&M - BAJAJHLDNG - POWERGRID - TRENT - ICICIBANK - ONGC - BHEL
Please do your own research before trading or investing.
Note: This is for educational purpose only.
There is a hammer at lower level of the channel which acts as as support. Moreover, as power of confluence, the lower band of channel is also coincides with the 21 EMA and there is a hammer at this level. However, RSI is 56 which is in neutral zone. Expecting a bullish move post 11700 level.
Nifty is headed towards 12119, it might consolidate between 11500 to 11700 levels with some dips to 11300 levels then start moving towards 12000 levels. One can buy November futures for assured returns.
