First Yay!! We have made 350 point profit from short position 11,460 to 11,010, we opened short from previous idea published on July 14th.. Nifty has supported got supported 11,000 exactly from where I said in my last article, so what’s next get long on nifty, first target 11,182 second target 11,282. Do your own research and if this matching with mine then you...
We can go for buy in nifty above today's high. Target is channel resistance. From channel resistance we can short or open below control price we can short (confirmation in candle needed)This for tomorrows view.
Nifty will be in range tomorrow because initiative move have made by sellers today. Nifty is now below Value area so we need to wait and watch for new value area creation or is it going inside previous value area. Also responsive move will be slow for further up movement. control price is like gravitational pull. so tomorrow both buyers and sellers can do fight...
Nifty has to break and sustain 11800 to start uptrend..
We can go for short with confirmation. It is forming triangle pattern.
If you see nifty downward channel formation is happening support taken twice in channel. we can short near the channel high. Note: If channel resistance breaks dont go for short trend might reverse for short time this for tomorrow's view only.
Have been analysing the Elliot wave on Nifty 50 on a grand cycle level. From Analysis, we find we are in the making of (III) Grand impulse. The question arises Will we keep the (III) there or move it upward. Currently it is at .786 Fib ratio. And if we want to move (III) above, Then we have option of marking it at 13000. This is a refercence purpose analysis...
The trend analysis done using few major support lines on daily chart, we are looked into major support/resistance trend line of market cycle trend, long term and intermediate term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend...
short nifty once it breaks the trend line of flag pattern
Nifty in channel resistance and it will come down to channel support. Note: If tomorrow Gap UP it will directly reach to next resistance.
BAJAJ FINSERV (Bajaj Finserv Ltd) BUY ABOVE 7940
Nifty showing a buying pressure for tomorrow's session. so it can reach the resistance level and go sideways.
Nifty (Spot) Buy Near 11540 Stoploss 10490 Target 11640- 11700 Reasons for Trade- 1.Nifty has formed bullish candlstik pattern on daily chart 2. Excess buying is done near to 4 hour trendline 4th time 3. Price has closed above the 4 hr as well as channel trendline support. 4.Small Pullback is expected after 3 days fall 5. Risk Reward is 1:2