A 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...
NIFTY 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...
Yesterday 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...
Nifty 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...
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
SL - Above/below blue line depending upon breakout/breakdown respectively.
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through...
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
SL - Above/below blue line depending upon breakout/breakdown respectively.
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through...
NIFTY 50 can be long above given green line
and NF can also be shorted below red line
We have to wait for 15 min candle to close above or below these important levels,upon successful breakout/breakdown,only then we will enter!!
#NIFTY
#NF
#NIFTY50
#NF
For more details,contact us through Personal Message :) ENJOY !!
After 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...
Nifty Buy Above 11142 Stoploss 11095 Target 11230-11300
Reasons for trade-1.Price near to important resistance of 11127
2.Price has formed strong candlestick pattern on weekly chart
3.On daily chart price has formed HH and LH pattern
4. Risk Reward 1:1.5
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
Bank nifty moves around -1908.30 pips from 19th August 2019 to 23rd August 2019, in which bank nifty break last week 12th August 2019 to 16th August 2019 top 28358.85 as well as bottom 27683.50.
BANK NIFTY: Breaks February Bottom: 26617.70
Nifty 50, Will be Heading towards 12000 again, trying to break 11200. If fails to break 11200 then next support at 10600. Small but Important resistance levels also marked in study chart.
This is my own study, please do your study before taking any trade.
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Sanks90
