Today it was a range bound day, not much move.
On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it.
So what next?
Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but...
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...
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...
Another volatile week ends flat for major Indian indices. The Nifty and Nifty bank both ended marginally higher in expectation of some truce between the US and China with regards to trade war. However, the street did give sellers an opportunity to go short as per zones given in last week’s report.
Going ahead Nifty continues to be high on the curve and shorting...
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET-> 07th October 2019 to 11th October2019
Nifty 50 moves around +272.75 pips from 07th October 2019 to 11th October2019, in which nifty 50 break last week 30th September2019 to 04th October2019 bottom 11158.35.
Worrisome street eventually gives up in panic ending the week in negative major indices. Nifty ends 300 points lower while the Nifty bank ends down by 2000 points. As mentioned last week both the indices were our short candidate, seems no respite for the banking sector as RBI too was not able to convince the street. Ideally suggesting there is more panic coming...
Nifty has an immediate support zone at 11500 -11490, followed by 11469 and 11423 levels.
Please remember to protect your leveraged long positions with a stop loss at 11423.
Bulls can feel comfortable only if 11548 and 11570 are breached on the upside, the zone between 11490 - 11570 is a no trade zone, keep patience.
Other short-term indicators are not...
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET->23rd September2019 to 27thSeptember 2019
Nifty 50 moves around -278.75 pips from 23rd September2019 to 27thSeptember 2019, in which nifty 50 break last week 16thSeptember2019 to 20thSeptember 2019 top 11381.90.
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->16thSeptember2019 to 20thSeptember 2019
NIFTY IT moves around -420 pips from 16thSeptember2019 to 20thSeptember 2019, in which nifty IT break last week 9th September2019 to 13th September 2019 bottom 15525.15.
ghstocktrading.webnode.comNIFTY 50: WEEK-TECH-SHEET->16thSeptember2019 to 20thSeptember 2019
Nifty 50 moves around +711.65 pips from 16thSeptember2019 to 20thSeptember 2019, in which nifty 50 break last week 9th September2019 to 13th September 2019 top 11084.45 as well as bottom 10889.80.
ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->9th September2019 to 13th September 2019
Nifty 50 moves around +194.65 pips from 9th September2019 to 13th September 2019, in which nifty 50 break last week 2nd September2019 to 6th September 2019 top 10967.50.
In Nifty we can witness a selling pressure on current levels....selling on rise will be a good bet....possible levels are 10855-10789-10676.....respect risk....happy trading
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