Niftyshort
NIFTY | Rising Wedge pattern spotted Rising Wedge pattern observed in NIFTY. Pattern looks to have confirmed suggesting a bearish outlook. Target depth of wedge is around 420 points. With confirmation of pattern occurring at 11950, Target of the pattern comes in at 11530. Though, a retracement towards the pattern cannot be ruled out. Also be aware that 11616 could offer a good support.
WEEKLY || NIFTY || A POSSIBLE BREACH OF 11550 ON THE CARDS!One might sell Nifty for the coming week with the SL of 11765 and target below 11550. Bank Nifty gave a negative close after 6 weeks which might aggravate the move on the downside. One might want to avoid aggressive positions as the elections get started next week.
*All levels are Cash levels.
WEEKLY || NIFTY READY TO BREAK 11400!Nifty with today's close gave a bearish candlestick pattern on a 'weekly' basis which tells us that it will break 11400 in the coming week and move towards 11350. One may sell Nifty on rise with SL of 11575 and targets of 11400/11350. The Bank Nifty has also given the same kind of pattern and hence the downward move will have help from the banks as well. So a lucrative trade on the cards.
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Nifty Elliott wave analysis for 5th march 2019Pattern is indicating minimum decline towards 10689-10644 range. 10940 can be the Stop loss for this trade.
Nifty Elliott wave analysis for 27th feb onwardPattern at low 10585 is indicating irregular correction which is caution for longs and Nifty can go below 10585.
Nifty : Sell MACDNifty is looking short as MACD has turned below zero line. Moving averages are above candlestick. Long term support line could be tested before the next upmove. 10900 & 11000 call can be sold keeping 10840 as stop loss for position. Target would be 10540- 10410-10340. 10700-10750 would be the resistance zone to create position. People may play for H&S and might get trapped in next selling. 10300 is unlikely to get breached in next few trading sessions.
Nifty 250 to 300 Points Fall Coming....!?Nifty Price is trading at the APEX of the 'Diamond Top Pattern' or 'Symmetrical Triangle Pattern' on the verge of breakout. Breakout can come any side. But if we consider the Negative divergence in the CCI Indicator (20), then most likely the breakout should be on the downside. Confirmation will be an End of Day(EOD) closing below 10745-10765 support zone.
Trade Setup
Cmp - 10795
Short Nifty Futures on any rise till 10860 Spot
Stoploss 10900 Spot
Target :- 10700 / 10610-630 / 10550
NIFTY: Sell @10880, Stop Loss above 11058, Target 10333, 10000 The Market has given us amazing short sell opportunity on the nifty. You can sell Nifty at 10880. Keep the stop loss11058. Target is 10333, 10000. As you can see its more than 1:3 risk reward. Rest of the explanation is given in the video.
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.
Nifty Elliott wave analysis for 7th Dec 2018Nifty pattern is suggesting one more decline to 10547-10455. where 10547 is minimum target for nifty.
Nifty Elliott wave analysis for 27th Nov onwardMost probably wave B completes in this given range and after completion of wave B we can see another downfall of 262 to 322 points in Nifty. But for that trade as of now I have no exact stop loss. In market hours if you get clues for wave B completion then plan a trade with decent risk reward ratio.
"HAVE A NICE AND SAFE TRADING"
