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Technical

Nifty Possibilities in Upcoming WeekPURELY TECHNICAL Optimistic View - Nifty retraces to 7500 and rebounds back to current levels to complete a double bottom formation before breaking resistance @ 8900, in which case the target would be 10,000 (Max Call OI). This will become the next crucial resistance level. Pessimistic View - Nifty retraces to 7500, either stays within 7500-8900 level or breaks lower to 6800 (Long term support level for Nifty - check monthly chart). Note - 8000 to act as short term support (Max Put OI). Hey you reading this, would love to know what your views are. Do share buddy, thanks! PS- I also see H&S ;)
NSE:NIFTY
by Nihit-Saxena
4
CHFJPY is an attractive SELLThis pair is trading in a clearly defined bearish channel, and the current price is close to the resistance trendline. One warning sign in contrast to the overall bearish picture is perhaps today's (Thursday) rather bullish candle. However, since the price is still below resistance, the downtrend remains intact and additional bearish signals that appear here would be valid opportunities to enter short. Also, be mindful of the CHFJPY usual price behavior of gradual trends with many retracements. That is, this pair often forms candles with large wicks on both ends even during trends. So, just because a bullish candle has appeared within a downtrend doesn't necessarily mean that the bulls are gaining control of the trend. Without a clear bullish breakout, the downtrend remains valid. It's possible that CHFJPY could even pierce this trendline on an intraday basis (above 109.00). But, without a daily or rather even a weekly close above it, the trendline resistance will not be broken. Hence, such situations of the price moving above 109.00 could actually provide excellent selling opportunities. Instances of higher volatility could occur on CHFJPY any US-China trade news or news related to Brexit and EU politics/economics. However, the overall theme that the JPY has more room to strengthen than CHF remains in place.  
Short
by veens_m
Nifty Long Term View (AUGUST 2019)Keeping it simple, long term supports and resistances are marked in the chart. The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a currently unlikely reversal, we're looking at targets of 11750/12100. As of now, we're at a deciding level and I expect the markets to trend sideways in the short term before seeing any major developments in either direction.
NSE:NIFTY
by Nihit-Saxena
2
NIFTY 50NIFTY50 will most probably find support around the trend line. Wait to buy when it forms support around the trend line. If it breaks the trend line it may find next support around 11426 as it might fill the gap. WAIT FOR SUPPORT OR BREAKOUT AROUND THE TREND LINE. ALSO, support is present at 11360. If the trend line breaks the first target can be 11426, the second target can be 11360. And if, it finds support on the trend line the levels to watch out for is 11637 as it may find resistance.
NSE:NIFTY
by rohiit