My NIFTY View:-
1. Might Test 11180-11190 today but expecting
to move upside till 11270-80 in coming 2-3 sessions.
2. Support Near 11180, if closes below might head for 11120-30
Nifty will be mostly downtrend due to trade war, currency price and crude oil price.
Can touch 11025 and then 10,875 till September End if crisis continues.
So short trades will be more successful.
Nifty is above 40 days EMA, but below 20 days of bollinger bands. (11,552). So if it move and stays above this it can enter uptrend.
Also the news of "Trump likely to announce China tariff on Monday" can effect the market on Tuesday.
https://in.reuters.com/article/us-usa-trade-china/trump-likely-to-announce-new-china-tariffs-as-early-as-monday-source-idINKCN1LV0OB
I think as per technical nifty is moving towards 11,200 to 11,100 levels approximately in coming days. Tomorrow it should touch 11,200 levels approximately.
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
Guys NIFTY make test previous high If Don't break new high 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 ...
NIFTY broke out of a V shape pattern today in hourly timeframe, and sustained above neckline ( also a crucial support ) of pattern which is @ 11380
on bullish opening tommorow (07.08) long can be initiated and postinal trade can also be initiated when 11425 is broken
target levels - 11520, 11650
stoploss 11325
The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
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 ...
Another Good day with two calls.. pay attention the bottom and upper bands and see how price magically respecting it.. No complicated technical analysts required if you have YSG Magic Levels. You should follow them and they give you profits day after day.
Have a nice weekend.
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Don't predict the market , Just follow the market and keep making money..
As a trader you shouldnt bother about the market going up or down.. What all you should worry about is your Capital -- Is it going up or down??? comment your answer
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 ...
