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Niftystock

NIFTY bounces strong! Will this bounce sustain?Nifty - Technical Analysis: -NIFTY stages rebound after 6-day fall -NIFTY is testing the 11k resistance and rejection from here can push it lower. -NIFTY gapped up above 10900 and crossed the intraday high in the afternoon session and saw a good trend till 11k Market - Driving Factors: -Top Index gainers: Bajaj Finserv (6.64%), HCL Tech (5.30%), Airtel (5.05%) -All BSE sectoral indices end the day in the green, S&P BSE Telecom biggest sectoral gainer, up 5.73% -FPIs sold equities worth USD 576 mn over the past five trading sessions while DIIs bought USD 112 mn worth of equities in the same period. - BSE Midcap index up 2.2%, Smallcap 1.75% Nifty - Outlook for Wednesday, 23th September: The key events to be watched out in the near future would be the covid-19 trajectory in India and abroad, progress on Vaccine front and global market cues. Stimulus measures, if any, in the US could provide support to the markets. If the market corrects from these levels, then investors should actively look for accumulating good quality stocks for long term wealth creation. Testing of 11k will be important, if we sustain above the level we can see the market moving sideways before the trend form. A rejection from here will lead to 10600 level.
NSE:NIFTY
by Algokart
4
IS NIFTY EXHAUSTED AND READY FOR CORRECTION SEE YOURSELF !!Hi Traders, 1. On 1st July 2020, I mentioned in point no.1 of the trading plan is quoting for your consideration. " when triangle candle high is taken out by any candle in the next session on a closing basis then taken out the condition will qualify. the stop loss will be low of red color triangle candle on a closing basis." You can see that high is taken out and price rallied to blue zone upper band. That target I mentioned in point no.3 is quoting for your consideration. "Upside red dotted line is a target if takes out in 15 min time frame then the blue line is the target." .You can see this target was mentioned two days back and it achieved on 3rd July 2020. This is how I manifest my trades. Proving in every post. I am setting below the previous post fig to understand manifested move easily with current. 2. All targets, all moves, all conditions are manifested so precisely that if anybody follow strictly with small use of logic, ca earn on a daily basis. Many traders write their good and bad trades in the comment box of all posts. Some of them help giving instant advice and hide many new traders to learn this language of stocks. I am highly grateful to them for being part of this Nobel cause. Trade plan for the next session. 1. In fig, I change some lines, time to time you all should also set the same in your charts. If the market opens little up near the blue line upside then see price action whether in the next 30 mins is it coming down or not. If the price is coming down then can be the first sign of changing trend to down and later on range-bound. 2. The red dotted line is breached and the price does not recover in 15 mins the position along should be covered. Any small pullback from white Ema used is to short bnf getting entry on a small time frame of 5 min. 3. If price takes out upper blue line in 15 min time frame then aggressive traders can open long with an entry on a small time frame. The target would be the white upper line. Always remember to see 1 hr time frame also as you know long can only move up when this time frame condition will also get fulfilled. 4. The pink and green zone will as a support zone. Nifty might be range-bound If the upper condition is not satisfied. The rest market will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
19