Nifty is resting at support of 10820-50.
Global sentiments like Rising Crude, Depreciating Rupee, Rising Bond Yields and not to forget Trump threatening to impose sanctions on India are the major reasons of such big selloff.
These negative sentiments will shift Nifty lower towards its 200 days exponential moving average(DEMA) placed at 10770. As per Options...
With a good 1000 points bull run, NIFTY needs consolidation before beginning a fresh run
If NIFTY closes below 11570, book your portfolios
11350 would be first level to watch out for re-entering longs
Nifty has seen some weakness from the reversal zone of Butterfly Pattern ( 11495-11520)
On hourly chart there is probability of Cypher pattern.
Currently at channel support ( 11350-355)
Below which 11270, 11230 , 11130, 11080.
Sl : 11390 and 11460-11470
In this post I will be discussing 2 Hypo's basically both are suggesting that we have atleast one more up leg remaining before some big downside can be seen.
Hypo 1 posted above suggests that we are in an Extended W.(5) which looks to be in it's final stages.
Hypo 2 posted below considers W.B/2 as a Running Flat instead of a Triangle and suggests that we may be...
The move up after the Triangle seems to have completed nicely as an Impulsive structure and hence it seems that the current leg down is for Wave .iv which can take Nifty to 11075 to 11010 levels.
Shorts can be held with SL above 11176 which is the current swing high.
Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such...
From the current count it seems that Nifty is in a-b-c Flat correction with the current move up being the completion of W.b .
If W.b has still more upside remaining then that should remain restricted till the 11123 level, a close above that on daily basis will signify that bulls have taken over and hence this level will serve as both the Invalidation Level for...
hi guys NIFTY creat hammer in upward please wait for the confirmation candle and put your orders possible way to up
SELL TP2: 10627
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be...
HI GUYS NIFTY POSSIBLE DOWN KEEP WATCH
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own...
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.
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
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.
