We will open with gap down on Monday as we react from 50% retracement level of recent fall as seen in chart Bulls need to hold 9355-9310 zone for rally back to 9460/9600. Bears will get active below 9250 for a move back to 9200/9100/9000. Buy Above 9555 Tgt 9610,9666 and 9710 (Nifty Spot Levels) Sell Below 9515 Tgt 9490,9460 and 9430 / 9355 /9272 /8707 (Nifty Spot Levels)
Nifty is trading at support Wait for the closing price or reversal pattern for an entry
PREDICTING ANYTHING IN THIS DAYS IS MOST DIFFICULT BUT THERE ARE SOME POINTS ON CHARTS THAT CAN GIVE US SOME HINT ON NIFTY RECENT BULL RUN .. WHILE EVERYBODY THINKING ITS A REVERSAL OR RETRACEMENT? THERE ARE SOME POINTS ON CHART THAT SHOWS NIFTY BULL RUN CAN MAKE A HALT ON THIS BULL RUN (1) THERE IS A LONG TERM SUPPORT AROUND 10K WHICH CAN BECOME RESISTANCE (2)...
Monday Market Nifty will be down, Nifty open at 9893 to 10000 and in case nifty break 9708 support level nifty will show our chart screen 9200.
On hourly chart in Nifty is showing tiredness. negative diversion seen on Price and RSI analysis.
Nifty multi time frame analysis.The nifty look very weak in coming months. Very good level to convert portfolio to cash / exit positions / profit booking. Or if buying is done this level it should be done with proper hedging with PUT option/ Gold. The charts are pretty self explanatory with comments at each points. Weekly chart analysis of Nifty On March 16th...
NIFTY futures are trading at 9220 Position yourself based on the closing price
As nifty has seen sharp recovery in the April Series 2020 and We have seen a sharp up move, And Now Nifty is trading near to resistance levels. We expect correction in the May 2020 Series, On the Last Friday when Indian Markets were closed on the occasion of Labor Day, Singapore Nifty corrected more then 500 Points. 9800- 10000 are the key levels to be watched,...
TRADING PLAN ON MONDAY 1. As in my previous post on nifty i shared how nifty is going trap bears for next week. Now on daily basis how trader will trade. Always remember without stop loss no trading can be done. Before entry one should know where to put sl in trading. As you know SGX nifty is down so get ready for gap down open. Now question arises at what level...
NSE:NIFTY Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that...
Nifty is in Uptrend......can break all resistance and move in one direction. Comment your views....
NIfty is rallying towards 1.618 fib level which is placed at 10527.78 + minimum of 5 % to 7 % STOPLOSS hunting upward
Overall trend is still bearish but a pullback to 9300 - 10,000 levels can't be ruled out. Just for educational purpose.
Please Note : These are buy/sell level . these levels has to breakout in minimum 15 min candle .. Reaching this level is not valid & Fake break out can be identified by RSI and other indicators
IT IS ALREADY CREATING CURVE PATERN IN BETWEEN ROTATED RECTANGLE, AND SIMILARLY THE PREDICTED PATTERN CAN BE REVERSED CURVE. AFTER THAT IT WILL BREAK THE SUPPORT LEVELS. Tthis is for study purpose. 1st try to understand the concept in depth. Dont waste your hard earned month. NSE:NIFTY
2nd time Nifty stopped at 9400, tomorrow if it breaks I will be bullish, will need to close below 9290 to break the trend.
Please note that this is my opinion, in no way markets move according to my analysis. Markets can ignore all levels and move in one direction. Please use proper risk management. 1. Never over leverage, that forces you to keep very small stop losses, don't trade if you have to use full margin. 2. If it will be very painful for you, if it hits your stop loss then...