Understanding trends through support and resistances.
Understanding trades of Nifty future for 24.11.2021 (Wednesday).
Understanding trades of nifty future for 23.11.2021.
Understanding trends through support and resistances.
Understanding trends through supports and resistances.
Nifty Trade Setup for 17 NOV 2021 Nifty looking weaker by closing below next day CPR levels in yesterday session. Expecting a flat to small gap down opening. If previous day low is compromised then the first support is around the bearish Breakout zone of 17900 and then if that is taken out we can expect 17800 to be tested. To go long today only if CPR is taken...
Understanding trends through support and resistances.
Without hitting SL our one target achieved today, PCR showing over sold indication, If opened and sustain above 18075, Long Nifty, Tgt 18125, 18175,18225 SL 17975
Nifty got failed too sustain above 18200, FII may not continued buying, I think todays positive consolidation happened because of local traders and investors, Tomorrow if Nifty break support of 18060, Short nifty, Tgt 17990, 17945, 17900 SL 18150 Long side trade can be initiate only if Nifty sustain above 18225, On 15 minutes timeline, MACD is in negative...
Understanding trends through support and resistances.
Nifty closed in the middle of a 115 minutes channel, RSI showing good strength, MACD in negative mode, Conclusion, If opened above 18130, Short covering possible, which will take nifty 18175, 18200, 18225, But as RSI at higher level, MACD slightly negative, sharp profit booking possible at higher levels, If FII start buying, then only Nifty can continue...
Understanding trends through support and resistances.
Understanding trends through support and resistances.
Understanding trades of nifty future for 12.11.2021 (Friday).
Understanding trends through support and resistances.
understanding trades of nifty future for 11.10.2021 (Thursday)
Understanding trends through support and resistances .
Understanding trends through support and resistances.