Hi All , Putting up some alternatives on nifty . Most important fact to be consider for the above alternatives is PUT / CALL Open interest . 9100 Put And 9200 Call OI interest are around 52-55 lakh. 1) Head and Shoulder formation (As shown on chart) 2) Running flat : Assumption A leg started on 28 march green candle with low 9079.8, Currently B leg move down...
#Atul BSE:ATUL NSE:ATUL trading in #NSE and #BSE with a share price 2450 has breakout from previous resistance at 2438. On daily charts the channel has been breakout from previous resistance placed at 2438. On weekly charts it has been breakout from symmetrical triangle. Volumes have been rising with price rise form 6 trading sessions MACD oscillators have...
The Black line on RSI is showing Strength is falling which means prices may fall. There are two support we could expect Nifty to stop on. If Nifty breaks support of 9023 and finds support on 8958 then we'll get a Bullish Harmonic Pattern with target of 9116. Expect this harmonic pattern to form successfully.
Nifty at present is at support of 9023, if it breaks prices may see next support on 8958
Nifty kinda have generated short signal, use range for SL
In this article I'm doing Elliott Wave Analysis of Nifty and discussing Swing Trading Strategies for the same. As of now it seems that the 1st leg of impulse has completed near the recent high around 8980, but there is a slight possibility that the Wave 5 of this impulse might head a bit higher, however from a trading perspective this implication will have no...
Nifty started falling after failing to make new high yesterday. Currently it seems like fall gionna continue further. If you are short hold your positions till price finds support on any of these arbitrary supports. Bullish MACD crossover will form when prices will find support, you can exit your positions then.
Head and Shoulder is considered as reliable pattern for identifying trend reversal. And as we can see here head and shoulder pattern broke the neckline. Based on that I expect Nifty to fall to 8850 but prices may retrace to neckline
After good upside most likely Nifty prices are supposed to halt at 8940. In case you are positionally long its time to either exit your positions in profit or protect your profit with SL. 161 Level of Fibonacci have 50/50 expectancy to keep prices down for some time
MACD has generated crossover to denote beginning of next price cycle. In case Nifty generates a Bullish Belthold at this level new long position will open. Two things to keep in mind 1. Bullish position will not open without bullish belthold so not advised to go long before you see an actual belthold. 2. The price cycle in formation is 3rd price cycle, price...
Today Nifty opened above 100 points, started falling down and then recovered. The 2 big red candles denote weakening of upside and the red line above shows point of significance. In case you are in long position its time to keep trailing SL on your profit. I think there are roughly 66% chances that Nifty will go sideways or fall from Point of Significance. By...
Looks like fresh upside has began and prices will continue in direction of Fibonacci extention
Right now Nifty does not posses any positive or negative strength. I can be clearly seen nifty failed to create new bullish price cycle after bullish divergence of last day. Wait for prices to either confirm downside by breaking support with shift in volatility or bounce.
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.