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Niftylong

!! 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)
NSE:NIFTYLong
by manavtechresearch
Is it time for nifty to bounce back upside? MaybeNSE:NIFTY Nifty has closed around its 200 day moving average its looks like it will probably bounce from here any gap down tomorrow is an opportunity for buy for me. If it breaks 200 dma and sustains bears will be in full control to drive prices lower to 11200. My plan: Buy any gap down or flat opening tomorrow and place stop loss around 70 points as per previous support, if trade fails and nifty sustains below 200 dma i will enter short position.
NSE:NIFTYLong
by chiragcyc
NIFTY is getting ready to make New Highs.Hello, As I mentioned in my yesterday post that I am not bullish in Nifty for short term period. 12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and take a trade according. Nifty should test any of this level on or before budget day. After budget again Nifty may resume it's uptrend. Trade Well.
NSE:NIFTYEducation
by Swapilchoksi
Nifty Weekly Analysis - Still Correction is PendingHello, Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone. Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones. I am not expecting one way fall or one way upside because there are multiple supports at downside and resistance at upside. So I will create long or short position in option writing instead of Future. Trade Well
NSE:NIFTYEducation
by Swapilchoksi
NIFTY: Are You Bullish .... ?Hello, As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points. I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I have shared in my earlier posts that still gap Filling is pending, this is just a bounce and major support @ 12000-12050. Strong Supply Zone @ 12295-12345 Minor Demand Zone @ 12190-12225 I prefer to take a position in Juicy trade so I may take a short position If it will come to 1300-12345 zone or once it will sustain below 12190. I will avoid long side trade in Nifty. I will update this post if I will change my mind during the intraday and will shade my trade here. Shared the Link of some of my today's Intraday Trades. Trade Well
NSE:NIFTYEducation
by Swapilchoksi
Nifty's Next MoveHello, Very short term support @ 11160-11140 Resistance @ 12200-12225. Tomorrow If it will manage to sustain above 11160 then it me test 12200-12225 zone. But My sens is that it is difficult to sustain above 12225 zone. My Trading Plan is:- 1. If it will come to 12200-12225 zone but not able to sustain then I may go short. 2. If it will come to 12200-1225 zone and manage to sustain above this level then I may go long. I will update my Nifty Trades in this post. Find the link of my today's trade. Thank x Trade Well
NSE:NIFTYEducation
by Swapilchoksi