COMPARING MY LAST WEEK STATEMENTS WITH THIS WEEK MOVE.
1. In last week point no .2 what a perfection of manifestation of move is quoting for your consideration. " lower blue zone can change whole game by supporting price and rally from this zone takes out green dotted trend line." Can you see price after gap down open took support from same lower end of blue...
According to seen conditions of growth of covid 19 cases soo strongly last week, i hope to see a gap down opening on monday.
My studies refer me to stay on bearish side of the market. I Will see the market movement until 10.30 as i hope to see the trend and reduce loss before taking any trade.
Please plan trade accordingly and keep these levels in mind.
Nifty has support around 9200 and then 8945
and resistance level around 10245
it may see near term Level of 10550 very soon.
Disclaimer: Only for learning purpose.
COMPARING MY TWO DAYS BACK STATEMENTS WITH REAL MOVE TODAY IN NIFTY
1. In point no. 2 I clearly mentioned that "if red color support is taken out then I will be bearish on nifty". You can see yesterday nifty remained up but in range did not take out red support line. In fact no condition was violated by nifty so I did not publish new idea, In fact both days i...
Resistance and Support levels are provided to you for 11th june (expiry)
would prefer to buy nifty around 10185 levels which is 1st resistance only after a clear break out.
would prefer to sell nifty below 1st support level after a clear break down.
I would choose to be bearish tomorrow.
Tomorrow nifty might test 9960-9940 levels tomorrow. This is very crucial support out there. after this, we can see directly to 9800 and may go down more even though.
Keep SL tight and work mostly in bears until data gets positive which is in zone 9250-9300
NSE:NIFTY
nifty has a strong hurdel @ 10137-10177 buy will be only above 10200
and bearish only below 9675-9705
nifty not so bullish not so bearish in a range it could be unless it breaks the 10200 line
COMPARING MY STATEMENTS OF THURSDAY WITH REAL PRICE MOVE NEXT DAY.
1. In my previous post point no.2 quoting for your consideration " why i did not advice to go positional short just because of this move manifested yesterday. In bnf I gave advised to go short but here did not." See for last two post on nifty I have been saying continuously til the red dotted...
BUY OR SELL NIFTY ??
As of 1 June 2020 Nifty Entered Bullish Trajectory for short Term .. Still Holding the Bullishness.. What to do Next.. 10176.20 is Important Decision Level if Nifty Closes and hold this level than buy can be initiated For Near Term Target of 10600... But again if Nifty Slips down closes below 9940 level than a Short position can be Initiated...
COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY IN NIFTY.
1. In my previous statements point no. 4 I quoted that t " to show shooting star power if strong bears entered at this stage then they should break red dotted trend line as well as red solid horizontal line with taken out condition. only then trend will reverse to down side. " You can see...
NIFTY 50 respected both the levels as I had posted in my previous post. It ranged between 10040-10169./
Today the index opened with a significant gap up above 10100. It was however not able to hold those gains and end of day,it closed below 10100.
A close below 10000 and we could have seen a fall tomorrow. 10000 is a key psychological level and tomorrow it will...
COMPARING MY YESTERDAY STATEMENTS WITH ACTUAL MOVE TODAY.
1. In previous post on nifty I mentioned very clearly in trading plan point no. 1 is quoting for your consideration. " blue line resistance is your target. but take it seriously it can change whole trend ". You can see in fig when price reached there till 4th candle first candle high was not breached....
There is a high probability that nifty will face resistance at 23.6% Fibonacci resistance around i.e 10028 levels at close .
POSSIBLE REASONS - 1. Its Fibonacci retracement level of the previous rally.
2. The number of time nifty has taken support at this level in the past , its now a probable resistance. (support becomes resistance...
