Nifty trading @10930.
Probably nifty will open gap up or flat on monday.
Major key levels are mentioned on the charts.
Next supply zone will be (11078-11167) with the resistance @10985
On downside there is key Demand zone @(10228-10390) with the support @10550
Right now Nifty is trading in the no trade zone.
There are two important level for the Nifty: 1st: 11200 and 2nd: 11050
Importance of 11200 level : In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close...
Why I have mentioned that "Don’t try to predict the stock market" because last week I have updated my Nifty Weekly Post on Saturday and SGX Nifty was down by approx more then 100 points. But my trading setup was saying different story. I posted "Nifty: very less probability to break or sustain below 10000" and finally Nifty closed on the week's high.
From the current count it seems that Nifty is in a-b-c Flat correction with the current move up being the completion of W.b .
If W.b has still more upside remaining then that should remain restricted till the 11123 level, a close above that on daily basis will signify that bulls have taken over and hence this level will serve as both the Invalidation Level for...