If we ignore the RESPONSIVE result and initiative move, We get the Channel. As per channel, Final support 70 points far from current trading value. But in the meantime, previously acted 10916 support. Channel Support is at 10871 nearby.
Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box.
Statement (3): From the timeCycle, approximately move projected by (A),(B) and (C).
As per channel, the main support is 10525 below where...
Nifty caution ahead !! previous support 11135 acting as resistance. in daily charts (Spot)
Short can be initiated for lower level target . not predicting the time frame.
Stop loss above 11150
*always maintain stop loss
#ZEEL CASH - MUST TRADE
27 AUG 2019
STRONG RESISTANCE IS 370 FOR ZEEL CASH
LOOKS WEAK BELOW 360
TARGET 356.50 AND 352.50
LOOKS GOOD ABOVE 370.10
(TRADE AS PER LEVELS )
1) Becoz, FinMin Speech market may go up (double confirming this in the chart with bullish divergence formation)
but 11000 has a strong resistance(indicated by option chain analysis and this is a big psychological number as well)
2) In the past market is in a sideways zone between 10950 to 10600 range
3) before the market changes its direction Up or further...
The British pound has fallen back towards the 1.2400 level against the US dollar, reversing negative MACD price divergence on the lower time frames. GBPUSD bulls still have the upper hand this week while price trades above the pivotal 1.2385 level. Wednesday remains a crucial day for sterling as traders await the release of UK CPI inflation data and the FOMC rate...