Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600.
Daily retracements and volume supports taken for Stop loss and target levels.
Keeping in mind bond yield,rupee weakness, and banking scams...... i am going in march series by shorting nifty.. my stoploss is 10420.10 and first target is 10270.
i have shorted nifty march future at 10370.
Hi ALL
After a long time nifty closed at 10378.4(below 100ma) and immediate strong support for nifty is at 10066 (200ma). Market is expected bounce back from 10066(200ma)(turn to uptrend at 200ma). failing which further downtrend(20ma will cross 100ma) lead market to fall to the level of 9310.
Thank you
Raju
Support @ 10300
If it breaks next 10133
Resistance near 10700 - 10750
All Expecting bounce back but as per nature of nifty, it always surprise so Monday target - 10350 levelNSE:NIFTY
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"
Nifty is trading in an uptrending channel which somehow suggests a probability of Reciprocal ABCD pattern{ 1.168: .618}
In today's session a bearish follow-up candle is formed, though the momentum of today session was not as strong as yesterday's
If you could see the fall from 10500 levels, you may notice that , the prices are respecting every near term support, ...
In today's session a follow -up bearish candle has formed, which was quite expected on seeing strong Bearish engulfing in yesterday's session.
If you look at candles, you could find that the today's momentum was bit less than the previous session, which suggests keeping near near term resistance levels in check, so that the further move can be tapped on the right ...
Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis !
We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves ...
Markets are definitely under pressure and we are currently witnessing a strong breakdown . A strong follow through to the downside move has resulted in Bollinger Band widening suggesting more upside in store. Further the ADX and negative DI lines are also stretching upwards suggesting strong buying participation. Sell at current and on rally to 9980 for a ...
Currently having main resistance at 9682. If it is not broken soon enough, their is high possibility of consolidation.
In any case I believe it has not hit the actual resistance, but their is time for it.
