i feel that bank nifty as opened gap up today and all psu gaining and seem overbaught a profit booking as well as private bank looking weak , sppecially kotak and yes bank as well as hdfc too , i think it should come down to 25400- 200 levels on or before expiry!!!
I will like to short pvr at high for target 0f 1250 1230 1200
will wait for confirmation and sell kotak for immediate target of 1020
positive as long as it is above 349 will sell if breaches 341
WILL LOKE TO SELL NIFTY TOMORROW , BEST IF IT OPENS IN POSITIVE NOTE caution... ALL ARE MY PERSONAL VIEWS AND IS JUST TO TEST MY SKILLS and analyse myself and have nothing to do with anyone making a loss and profit ...its their hard work and good luck!!!
Nifty has made today a Bearish Engulfing Candlestick pattern... Hope we may see downside... It may fall upto 9530 regions... And if it brake those levels we may consider it as a channel breakdown.. Targets are 9630/9575/9535 SL : 9705 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
sell around 64.6000 sl 65.0000 target 63.5000 time frame 10 trading days and book at comfort level
The chart indicates completion of a cycle and next will begin the downward cycle for levels upto 1200
It has shown a negative divergance and a big downfall with high volumes..... it can fall upto 50 days EMA and take support over it because it is in uptrend on monthly chart .... for long term investment this fall is a golden opportunity.... it may fall upto 50 - 47 region.......
It seems that the upside momentum in nifty has got exhausted and may see a correction up to 8600 price levels for short term, one can see that nifty is forming a rising wedge kind of pattern which is a bearish pattern, whereas price action in other emerging market indices also seems to be bearish and experience a correction.
Mind tree can be sold for the target of 448 and with the SL of 471
Bearish divergence in RSI and MACD. and MACD crossover. Target around 163 Alternatively you can purchase OTM 165 put option @ 2.6
Dear Friends.. Hello! So you can see Nifty form a Dark cloud Cover , May Be Coming session going to be downtrend..The Dark Cloud Cover, in candlestick charting, is a pattern where a red candlestick follows a long green candlestick. It can be an indication of a future bearish trend. in.tradingview.com
(( ))- circled wave Corrective Wave, which started from 930 lows has fulfilled the minimum criteria of kissing the zone of 1035-1040 as expected in previous updates by making a close recent high@1032- where it travels 61.8% of ((ii))-((III)) wave distance & could be a double top which is not confirmed yet. Trading strategy It should hold below 1030 to give us...
Recommendation based on indicators. Trade: Short below - 2264 Target 1 - 2257 Target 2 - 2248 Stop Loss - 2277 Reward Points - 16 Risk Points - 13
Descending Triangle formation on Nifty and showing bearish trend on other indicators. Trade (Spot Price) Short below - 8125 Target 1 - 8113 Target 2 - 8107 Target 3 - 8099 Stop Loss - 8141 Reward Points - 26 Risk Points - 16 "Happy Trading"
Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th...