Description is already given in chart itself.
65% downtrend 20%uptrend 15% sideway expectation
NIFTY make under pressure Keep wait and watch Support zone
Nifty Broken Crucial Support of 10302, Now the Next Support is 10,161 Last Support Is 9,950
On 8th October it was published that Nifty may give a relief rally upto 10750 (Refer to the link below). The Index opened gap up on wednesday 17th Oct and made an high of 10710, just short of 40 points of our pullback target of 10750. Bears tookover the dalal street again after 6 trading sessions to give a closing at 10453 i.e. -257 points from highs. The...
Last week we witnessed some intense selling. Nifty Lost close to 800 points in just 3 trading sessions. Now what next...!? Normally after such intense selling there is a pullback or a dead cat bounce. Also some key factors in the coming week which can trigger a pullback can be Cool off in Crude Prices, USD INR and Improved Q2 earnings from heavyweights like TCS,...
Nifty is forming a double bottom formation. Neckline at 10400. Trade Setup (Spot Levels) Buy Above 10420 SL 10300 Target 10550-580 / 10650 / 10750
Nifty Spot as on 4th Oct - 10599 The momentum of selling pressure, global sentiments and macros indicate that, this is the start of the NEXT BEAR PHASE...!! Important Support Levels as on Monthly Chart are mentioned on the chart above. Bulls Need to give a Monthly Closing above 10400 to avoid break of the bull run trend line from Feb '16 to Aug '18. If 10400...
200 Days Exponential Moving Average is placed around 10770. Further the trend line support around 10800-820 is the key, from from Nifty bounced on 1st October. If these support levels break then big selloff will be there. Lower levels of 10600/10400 also possible. But if these key support levels hold then a good bounce till 10170/10250 possible. For detailed...
Nifty will test the channel support around 10800 and likely break it to test it's 200 DEMA at 10770. Important Resistance Levels (purple) and Support Levels (Green) are marked above in chart. Trade Setup :- CMP 10850 Short @Cmp or in 10900-930 zone Stop loss 10985 Target of 10800 / 10770 / 10750 / 10735 All the levels mentioned above are spot.
Nifty is resting at support of 10820-50. Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff. These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options...
Positive divergence in MACD and bounce from trend line support indicates of a possible bounce back. Expect good short covering if Nifty sustains above 11040. For detailed resistance and support levels, refer to my under linked analysis of 15 Minutes Nifty Chart (Click on the chart to open)
Levels mentioned in chart. Positional view only. Disclaimer: I am not sebi registered analyst.
Nifty Outlook keep watch and chance for short pullback then enter the trade
NIFTY outlook keep watch and wait for short pull back then enter the trade
Nifty previous week make strong Bear keep watch the previous Support level if break 11502 and 11350
With a good 1000 points bull run, NIFTY needs consolidation before beginning a fresh run If NIFTY closes below 11570, book your portfolios 11350 would be first level to watch out for re-entering longs