Its 50% down when nifty is below 7000. Just keep buying NIFTYBEES and other portfolio stocks
I was just looking at the Monthly Chart and the Big Uptrend had to correct somewhere. I've seen this happening in many TrendLine breaks, such a huge RED Candle break is usually followed by another Midsized RED Candle. So this month shows a HUGE RED ******g Candle, and I'm going to assume that the Next Month is also going to be RED and it is very well possible that...
I'm still thinking this is going to Fall. and I'm still holding all my 35 Lots in NIFTY.
On the there is a demand zone @ 8400-8500 and the upper side supply zone @ 8950-9050. According to the data highest OI in call @ 9000 and highest OI in put @ 8000, Max OI chg % in put @ 8700. As per the data expiry may come between 8700-9000 range.
Nifty declined to breakout on monthly support trend line which now acts as Major Resistance and also a retest has made.
Levels as mentioned
Nifty's show off is over with 1.618 Expected a fall from April 8th
All levels mentioned on chart. Be careful in case of gaps
Please try to understand how the market moves around the round numbers, where usually support and resistance levels are formed. SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT. If there is a gap down opening below a support level, so when the price starts moving up, that support will act as a resistance. If there is a gap up opening above a...
All levels mentioned on chart. Be careful in case of gaps
NIFTY AT CLUSTER SUPPORT + OVERSOLD ON RSI + CHANGE IN POLARITY SUPPORT + TREND CHANNEL LOWER SUPPORT + LONG LOWER WICK. CAN WE EXPECT THIS IS COULD BE THE BOTTOM? IF NIFTY BREAK THIS SUPPORT THEN WE CAN HAVE ONLY A FINAL SUPPORT @ 6145 BEFORE IT GO DOWN TO 4611 & 2263.
-- On the weekly chart 1st major demand zone was 8100-8350. Last week Nifty closed below this level so now this zone will act as a major supply zone. -- As per weekly chart nest 1st demand zone @ 7650-7750 2nd demand zone @ 7400-7550. In any case, if Nifty will not hold these two zones then the next major demand zone @ 7000-7100. Also, there is a strong demand...
Nity 50 is holding a CUP AND HANDLE pattern
Expecting day's close around 8400 to 8450 levels
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All levels mentioned on chart. Be careful in case of gaps.