Nifty closed above its reversal zone @ 8200-8380. Now this zone will act as a major support zone. On the upper side, there is a wide range of minor supply zone @ 8700-9060. As per my trading plan, I will avoid long trade below 9050 and avoid short trade above 8200. In short 8200-9050 will be the no-trade zone for me. Due to high volatility, I will avoid options...
It seems an impulse wave is completed from 7512-9038 as wave (A or 1) and wave (B or 2) is in progress from 9038 and may complete in 8340-8222-8093 range.
So 8340-8093 is overall support range and from there nifty can bounce sharply above 9038.
Read chart details carefully to avoid misunderstanding.
24 MAR 20 ONWARDS
Possibly End of Wave 5 & a Falling Wedge Pattern
Trade Plan for aggressive and nimble trader
If support zone – 7495-7260 holds
Going long near support will be a good idea
We can expect Targets of 7828-8022-8193-8357
Trend Reversal can be expected on upward penetration of 8900 onward for 10040. Until then trend remains sideways to...
23 MAR 20 ONWARDS
support zone 1 – 36.55-38.90
Support zone 2- 18.05-22.60
holds one can accumulate
And keep pyramiding towards 61.90-67.45-79.60
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
It seems from 7512 an Impulsive wave started and at present wave 4 is completed at 8454 OR will complete in 8504-8353 range and bounce towards 8926-9218 range is expected.
Negative only if stays below 8353.
Market Bottom Level
Follow Chart Instruction.
As per NREWT, Nifty Should Reverse from 6825-45
which can be confirmed tomorrow on break of 7548 level.
Be Caution from Shorting, Dis Investment at these Level.
Use these levels for Investment Purpose.
wave v started from 9404 already achieved its minimum required projection of 8967 and 8697 which is 38% and 61% respectively. and so that it is extended. maximum projection is coming at 8261.
As wave v is extended there is a possibility of sharp bounce towards 9404 without breaking below 8261.
Hi all !!
I have been posting to warn the retail investors foreseeing the risks in the markets. Here is NIFTY 50 for you.
With my technical analysis , the NIFTY 50 uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.
Peak Price: 22,430
Current Price: 9,500
Nifty closed near its supply zone @ 7850-8000. The demand zone is very wide @ 7450-7750. I am not interested in taking any trade-in fut between 7450-8000 because It’s a sideways zone for me. Nifty may be volatile and it may move both sides in this zone. Option selling is a good option in this trading range. In option selling positive is we are very close to the...
I believe that sometimes supply and demand will not work in the news base market. I don't know where and when the market will make bottom but As per my limited knowledge, there are multiple supports near the 6300-7000 zone on weekly as well as a monthly chart. According to this analysys, I don't think in the worst case the market will easily sustain below this zone.
Earlier we have counted 10295-10545 as wave (4) but now its looks like wave (4) is completed as 8476-10157 and from 10157 wave (5) started.
because of Sharp bounce towards 10157 it was hard to believe that its a corrective wave.
wave (5) completion range is 8649-7717 which is very big so we need to look at the decline from 10157 for internal count of wave (5) in...