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Niftylong

BANKNIFTY Set for New Highs?BANK NIFTY: The index was over performing Nifty for the day, closed positive on weekly basis. Hovering around the breakout levels. Most of intraday’s gain was given away. The trend is up as RSI is well above the 60 levels. Any pullback to 30250 will be a healthy pullback, below it the index may further drift to 29350 levels. Any positive price action between these levels should be utilized for creating longs. Below 29350 the index may get into serious trouble. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
NSE:BANKNIFTY
by BharatJhunjhunwala
Nifty showing signs of continuing bull run and making ATHA little non-streamline opinion again, ppl are carrying shorts due to formation of doji's in Nifty, but personally I feel we are still in very strong trend, yes there are very less chances of repeating things like "Only 4 times nifty given 6 continue +ve close in 2019" up and it can be very sharp correction when it comes, but I feel that will come after ATH, or at least near 12075-12150. So expecting rally till at least 12075. Reason for my opinions are simple, I see very strong ichi cloud there and price didn't even manage to touch it on last dull Friday, its a sign of buying and till that buying is there one can assume that trend will be kept. There is reason why following trend is most rewarding strategy after all. It keeps complications limited and gives maximum RR without you actually having to judge tops and bottoms, that's a game for different league of players, we are trend riders, so we should ride them till strong sign of reversals. Carry strict SL around Friday low for positional till we hit ATH, if we slide above 11955 you can shift SL to there and hope to catch maximum of rally till ATH.
NSE:NIFTYLong
by Pratik_4Clover
NIFTY TRADE ACTIVE IN F&0NIFTY LONG TRADE BUILT-UP SINCE WE HAD DISCUSSED IN THE LAST CHART IDEA WE ARE BUILDING NIFTY LONG TRADES IN F&O NIFTY TRADE IN FUTURES PLEASE NOTE RATES ARE ACCORDING TO SPOT PLEASE ADJUST FOR FUTURES AS PREMIUM ARE HIGH BUY@11730-40 STOP@11660 TARGET 1@11845 TARGET 2@11948 ALL TARGETS ARE EXPECTED TO REACH IN THIS WEEK NIFTY TRADE IN OPTIONS CONTRACT:-11900 CALL OPTION 28TH NOV BUY@165 STOP@125 TARGET@225 LOT:75 QTY:10 !!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!! !!PLEASE DON'T OVER TRADE!! !!LIVE TO FIGHT ANOTHER DAY!! !!HAPPY TRADING!!
NSE:NIFTYLong
by manavtechresearch
#NIFTY VIEWYesterday we witnessed much volatile day, sharp upside and then a sudden fall. while upside most of the trader has trapped but those who were looking on 15 min candle it was clearly indicating a fall but nobody has expected the sharp fall. @MONDAY Now what is going to happen on Monday. Still I am looking for a bullish day, Yesterday we saw a sharp rejection from the lower levels 11190 which was weekly support and later almost candles has formed lower shadow, which is indicating an upside move. Now if Monday it holds 11361 then we can see upside move.
NSE:NIFTYLong
by pravinmangalam
NIFTY Setting up for a BULL RunNifty is showing support @ previous Highs as mentioned in the charts. This looks to be a potential reversal zone. RSI rising >50 is a good sign. StochRSI is looking to be making a crossover. This is the earliest signs of reversal, (ultimate confirmation is yet to happen) from the bottom so please keep your positions light. Will update when position sizes can be increased. SL is marked with the red line ie: 11065 Points of resistence are the green horizontal lines. This is the daily chart. Give it some time to act. Date: 9th october 2018 CMP: 11232. Managing your risk is your own task and I cannot help you with that. Trade safe and sound
NSE:NIFTYLong
by ChartCraft
5
Understanding Fibonacci levels on NiftyAfter the massive rise on Friday, the Nifty has turned positive on all Indicators. Nifty closed above 11200 which is a major trend reversal level, 11218 - 11190 range can be considered as a first confirmation of weakness (maybe leveraged longs can be squared off once this level is taken off, on the down side. Based on Fib levels 11117 can be the considered as another level of support for the bulls, fresh longs can be created once Nifty tries to attempts a recovery around this. 11035 will confirm weakness, and only short trades can be taken below this level. On the upside, Friday's high i.e. 11381 is the first hurdle, crossing this will confirm further momentum on the up side. Closing above 11200 for two more sessions will strengthen the bulls and open doors towards 11500-11600 llevels. Beyond technical analysis, it is possible for the Nifty to breach 11500 within next 2-3 trading sessions. But downside protection is always important for all trades. N
NSE:NIFTY
by ipuneet