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
Index has a minor support at 10770 levels and strong support for the day at 10750 levels where mid term moving average is lying. Index has a resistance at 10880 levels for the day of 18 Jun 2018. . Message me for depth analysis.
Nifty has a strong support at 10550 levels where mid term Moving Average and Fibonacci levels are lying and strong resistance at 10930 levels where peak of May 2018 is lying. If Index manages to break these levels on either side than we can see 10300 levels on down side and 11200 on upside. . Message me for in depth report.
Long above the green line for a minimum 5% upmove in nifty which is 500+ points. Short below the red line for a 5% downmove.
1) NIFTY on day chart has been trading withing a symmetric triangle since early Feb 2) Trading below 89 DEMA and 144 DEMA and SuperTrend giving a sell signal. We can ignore this sell signal as long as Nifty trades above 10170 on weekly close basis. In a trending market lagging indicators tend to give false signals upon a pull back/correction. 3) A break above...
On Monthly chart, as of now, Bearish Engulfing pattern can be seen, however the same will be confirmed at month end , if it see a close below 10404. ( Wait for it ). On Weekly Chart: There is a Bearish Enfulfing Pattern, followed by a gap down , the gap has not filled yet. The Same Gap may serve as Possible resistance - 10702-10736 . Since then weekly...
Based on ichimoku: Nifty Support @10506 If hold above 10618, immediate target - 10724 within 1 - 2 trading session.
Double Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"