NIfty has broken the Trend line and waiting to break the triangle pattern which is drawn in white colour line
COMPARING OF NIFTY SATURDAY ANALYSIS WITH TODAY MOVEMENT 1. IF YOU REMEMBER ON FRIDAY'S POST WHICH WAS WEEKLY ANALYSIS, I SHARED BEARS ARE GOING TO BE TRAPED. IN FIG I SHARED A WHITE SOLID SUPPORT LINE AS ENTRY POINT. SEE TOADAY'S CANDLE ,IT TOUCHED EXACT SAME SUPPORT CIRCLED IN YELLOW . I WAS EXPECTING THIS POINT TO COVER IN 1 TO 2 DAYS. BUT IT COVERED VERY...
PREDICTING ANYTHING IN THIS DAYS IS MOST DIFFICULT BUT THERE ARE SOME POINTS ON CHARTS THAT CAN GIVE US SOME HINT ON NIFTY RECENT BULL RUN .. WHILE EVERYBODY THINKING ITS A REVERSAL OR RETRACEMENT? THERE ARE SOME POINTS ON CHART THAT SHOWS NIFTY BULL RUN CAN MAKE A HALT ON THIS BULL RUN (1) THERE IS A LONG TERM SUPPORT AROUND 10K WHICH CAN BECOME RESISTANCE (2)...
Nifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking. Or if buying is done this level it should be done with proper hedging with PUT option/ Gold. The charts are pretty self explanatory with comments at each points. Weekly chart analysis of Nifty On March 16th...
TRADING PLAN ON MONDAY 1. As in my previous post on nifty i shared how nifty is going trap bears for next week. Now on daily basis how trader will trade. Always remember without stop loss no trading can be done. Before entry one should know where to put sl in trading. As you know SGX nifty is down so get ready for gap down open. Now question arises at what level...
NIfty is rallying towards 1.618 fib level which is placed at 10527.78 + minimum of 5 % to 7 % STOPLOSS hunting upward
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...
NIFTY is at very crucial level with major monthly trend line, resistance, support, symetrical triangle, fib retracement very intresting trending expiry day or borning sideways.....?????????? MAJOR OI (OPEN INTEREST FOR 16TH APRIL 2020 EXPIRT DAY) OI CALLS = 9000 9300 9500 OI PUTS = 8500 8000
All levels mentioned on chart. Be careful in case of gaps If market Breaches 9000, it could head towards 9500.
Nifty declined to breakout on monthly support trend line which now acts as Major Resistance and also a retest has made.
Nifty's show off is over with 1.618 Expected a fall from April 8th
Please try to understand how the market moves around the round numbers, where usually support and resistance levels are formed. SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT. If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance. If there is a gap up opening above a...
All levels mentioned on chart. Be careful in case of gaps
NIFTY AT CLUSTER SUPPORT + OVERSOLD ON RSI + CHANGE IN POLARITY SUPPORT + TREND CHANNEL LOWER SUPPORT + LONG LOWER WICK. CAN WE EXPECT THIS IS COULD BE THE BOTTOM? IF NIFTY BREAK THIS SUPPORT THEN WE CAN HAVE ONLY A FINAL SUPPORT @ 6145 BEFORE IT GO DOWN TO 4611 & 2263.
NIFTY 50 SHORT TERM & INTRADAY LEVLELS