Search in ideas for "NIFTY FUTURE"
Nifty futureNifty Future however did do its 5 waves from 18123....... BUT if I was to give more WEIGHTAGE on NS or NF...... I would give NS more weightage. The chart was very clear to Me and spoke precisely about the VOLATILITY..... '''' MEGAPHONE PATTERN''''' as market in RED ARROWS, and I did short NF at 17443.... and covered my shorts at Lows today.
Nifty Future @18k view aheadNifty future 17889 at trend line resistance
Selling pressure from past two sessions at 18100 levels
Crucial level to watch is 17975 if surpassed & sustained can continue its upside
Weekly rsi at 60.90
Correction can lead to 17700-600 levels trying to breach the previous swing low of 17400
nifty future resisted at channel top & moving towards the middle#nifty future resisted near channel top of 17400
and making head and shoulder pattern...
moving towards middle line of channel and neck line of channel
near 16925-- 16800
now immediate channel resistance is 16225---16280
mkt "sell on rise " mode
nifty future multiple support near 15700 and bounce with volumenifty future in intraday took multiple support near 15700
made multiple support and given triangle breakout with volume
and very powerful move of 300 points in intraday came...
as price is the engine and volume is the fuel
more the volume ... more the fuel .... bigger the movement...
chart posted just for educational purpose to see how best volume price breakout works...
Nifty FutureNifty Future
Buy @ 17700
Stop loss @ 17550
Upside target @ 18500 then 19500
Technical:- There is a strong demand zone around 17500 to 17650
Disclaimer:- I'm also taking this trade thru Feb series option for budget perspective. So if you are interested you can take this trade.
Disclosure:- Before taking any trade on behalf of my recommendation do your own analysis and consult your financial advisor.
NIFTY FUTURE LOOKS IN WAVE 5TH...!NIFTY FUTURE LOOKS IN WAVE 5TH...!
THIS IS MY PERSONAL VIEW....
YOUR COMMENTS ARE WELCOME...!
sooner or later a correction is on the way....!
not recommended to sell but wait for dip to come and enter at the appx level mentioned.
Regards
Happy new year to all of you....