Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We are changing our stance from neutral to bullish as we had all 6 green candles today. Ideally, the stance change should come only after the 21913 resistance breach — but we are taking a bit of risk here. The pattern played out to be a W (double bottom). We would now look for bullish opportunities and the...
Nifty Weekly Analysis The close we had on 4th Jan was 21669.6, the close today is 21669.4. Nifty moved -0.2pts this expiry. Unbelievably flat! Would have been a dream come true for traders who took home short iron fly & short straddle last week. 16mts chart link Nifty Analysis - Stance Neutral ➡️ Recap from yesterday “The last candle which is strongly GREEN...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open - which did not make any sense. The rejection...
Nifty is getting stuck near fibb level 0.68%. Untill nifty crosses above 18320 we are expecting nifty to remain sideways to mildly bearish for upcoming days. Crucial support levels for Nifty is 18050-18000 area, if this gets penetrated then we can see 17800. Resistance ahead for nifty is 18320. Nifty has to cross above 18320 to continue the bullish action.
Nifty formed a bearish flag on hourly timeframe Case 1 : If it opens flat, bearish flag Breaks down, then price may test support @ 15150 / 15000 Case 2 : If gaps down, and recovers in 1st 15 min candle, giving a false breakdown of any of the mentioned support, then may go long. (shorting OTM puts is a good option / Bull Put Spread) Special mention : Max Put...