Nifty - Technical Analysis:
-Nifty ended flat today, after opening above 11550 it made lower highs forming a triangle pattern
-Closed at 11535, breakout to be seen from the triangle on Friday
-The markets traded with lacklustre volumes with no definite direction. If we need to see higher levels, we need to cross the resistance of 11600
Market - Driving Factors:...
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Nifty has made a gap up opening and green candle closing, so it might be Bullish tomorrow. But, I am maintaining my bearish stand. It has resistance just above it at 11550.
So, only take trade for short few hours with limited capital and strict stop loss...
Nifty - Technical Analysis:
-Nifty closes green for the second day after the big fall on Monday, closing above 11500 indicating stability
-Support level at 11400, resistance levels to watch out for ahead: 11600,11660
Market - Driving Factors:
-The oil & gas and IT indices gained over a percent while the midcap and smallcap indices added a percent each.
-Top...
Nifty - Technical Analysis:
-Nifty gapped up above 11400 and took support from the trendline.
-Support level at 11400, crossing above 11550 could lead to upward targets of 11700,11750
Market - Driving Factors:
-Data after market hours on Monday showed the country's economy contracted 23.9 per cent in the June quarter, much worse than estimates
-Nifty settled...
Nifty is closing with a Dorji. That after a huge bearish engulfing candle. So, the sentiment is clearly bullish. But, since it has taken support, wait for it to break it before going short. It is today moved in it's narrow range of 11350 and 11550 of support and resistance. So, small trade in volume and duration within this support and resistance or whatever it breaks...
Nifty has made huge engulfing candle. But, more importantly it has breached it's trend line.
But, don't short it as yet, it has taken support and the last resistance 11377. It has closed well above it. This may now act as support.
ADANIPORT, As we are expecting a breakout range of its Resistance level @360-365
Above that Range looks like more upside for 395--425 levels in coming sessions
ADANIPORTS
IN BREAKOUT MOOD
FORMING CUP & HANDLE PATTERN
CROSSOVER OF RESISTANCE @360
CMP @360.05
UPSIDE VIEW -- 395--400--425
SUPPORT OR STOP RANGE @340
TIME FRAME 15--20 TRADING DAYS
{ALL MY VIEWS...
Hi Traders,
1. On 21st August 2020, I wrote in a series of nifty blog about the target achieved yesterday (28/8/2020), is quoting as proof of my manifestation of the current move one week advance with the perfect rhythm of levels marked in the previous fig. by price in point No.1 of trading section " My final target of the previous post was an...
I hope you can now see how NIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
Nifty - Technical Analysis:
-Nifty gapped up above 11500 and took support near previous close to move up
-A strong uptrend was observed in the last few hours as price closes to the resistance zone of 11600
Market - Driving Factors:
-The move today was in sync with a positive opening in the European markets which is banking on additional stimulus measures to...
Nifty is holding to it's trend line support. As long as it's holding it, I am bullish on it. MACD is also closing in for a long.
So, the target remains 12240 and Stop Loss has been moved to 11390.
Nifty has as yet maintained it's support level, so I am still bullish on it. It has closed way above it's support of 11400, even it's low was above 11400, well above it's stop loss of 11353. So, I am still Bullish on it, till it breaks it's support trend line.
Target remains 12240, Stop Loss 11350
