Niftyshort
NIFTY Retracement of 38% Done - Short Nifty - Southwards JourneyNIFTY has completed its 38% retracement at 9392 from highs of 12430 to lows of 7511
at current levels i.e. 9260 Nifty is in the bearish range with stop loss of 9420 and above on closing basis
NOTE : Please consult your financial advisor for any investment in stocks, futures and equity
Nifty 50 HANDING MANNifty has formed a HANGING MAN candle stick on the last trading session, ideally we can expect a gap down and have to wait till the candle closes on RED...after the confirmation we can go for a SELL...
But if there is a bull candle stick is formed on next session the HANGING MAN will become invalid...
NIFTY Intraday Setup (21 April)Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management.
1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin.
2. If it will be very painful for you, if it hits your stop loss then don't trade, only trade with a free mind.
3. If the stop loss is far according to your capital, don't trade.
Nifty - Where to short a Pullback?#Trendfollowing
After the craziest fall, nifty is pulling back. So where to short a pullback?
A - Bearish Flag Breakout
B - Price Percentage Change Projection
C - Traditional Price Range Method
D - Retracement Levels
Whether to short options or short futures is entirely depends as per your money management and risk appetite, but don't buy PE's expecting for a huge gain.
Which level is best to short depends on how the price is approaching a particular level. These are not touch and trade levels. So we need to watch price action before trading.
If you have any doubts about the above, do let me know in the comments.
NIFTY moving towards 8800 to 9000 levelsNIFTY may see some temporary recovery around 9000 levels. If it holds 8800 to 9000 zone it will act as a strong support if not it will try to correct further to 6970. Long term investors can plan to accumulate more once NIFTY settles. As of now doesn't seem to settle around 9000 level.
Nifty: Intraday Trading Plan: I will Plan for a Short Trade Hello,
As I have mentioned in my weekly analysys, I am not bullish in NIfty.
Major Supply Zone @ 12085-12115 and Major Demand Zone @ 11950-11975
On Monday if it will sustain below 12085 then I will go short for the target of next demand zone.
Trade Well
NIFTY is getting ready to make New Highs.Hello,
As I mentioned in my yesterday post that I am not bullish in Nifty for short term period.
12100 is a last support. Once it will sustain below 12100 in intraday it may test 12050-12035 zone. In coming days in case If Nifty will sustain below 12035 then 11965-11985 zone. I will change my view from bearish to bullish @ 12035-12050 and 11965-11985 zones and take a trade according.
Nifty should test any of this level on or before budget day. After budget again Nifty may resume it's uptrend.
Trade Well.
NIFTY: Are You Bullish .... ?Hello,
As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points.
I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I have shared in my earlier posts that still gap Filling is pending, this is just a bounce and major support @ 12000-12050.
Strong Supply Zone @ 12295-12345
Minor Demand Zone @ 12190-12225
I prefer to take a position in Juicy trade so I may take a short position If it will come to 1300-12345 zone or once it will sustain below 12190. I will avoid long side trade in Nifty.
I will update this post if I will change my mind during the intraday and will shade my trade here.
Shared the Link of some of my today's Intraday Trades.
Trade Well
NIFTY TO FIND RESISTANCE AROUND 11970-12118 SHARP FALL EXPECTED04 - 08 Nov 19
Strong resistance is seen around 11970-12118 area were W5/C/(B) completes
expecting a strong selloff to happen around this zone
Going short on break of 11843 will be a good idea
refer chart for possible W (C) tgt as mentioned
Happy Trading ....Respect Risk