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Niftysell

Bearish Possibility NIFTYNifty seems to have reached the level and could give a good short trade. There are multiple resistence in different Time Frames at 10840 level so it could be a good idea to sell Nifty at this level by providing the SL of 10920. One can look for a target of 10600 which offers a potential of good 240 points and a reasonable risk to reward ratio. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:NIFTYShort
by praveen.bhatiya
NIFTY Weekly Update - Open tradeGreetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, following our daily update, we mentioned that the NIFTY could turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance. Now NIFTY has been stumbling in the 61.8 Zones. For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis! For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety) For understanding the risk (SL) & (TP), please refer to the link in the signature section below (it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it). Fell free to reach us to share your thoughts/comments! Happy Trading
NSE:NIFTYShort
by DineshKrishna
4