Resistance is seen at 32140 - 32180. Sustaining it will make the price to move towards 32260, 32420, 32640, 32920 and 33100. Bearish below 31980 for the targets 31860, 31720, 31540, 31400, 31180 and 30900.
Sustaining 12060 - 12080 will make the price to move towards 12120, 12180, 12260, 12320 and 12360. Bearish below 12040 for the targets 12000, 11920, 11860, 11800, 11740 and 11680.
Which ever strategy you follow, just try to revolve that around zones and you will get the perfect trade setups.
Will try my level best to update this live.
Zones are mentioned on chart.
This is just the tip of the ice berg. Sometimes or a lot of times nifty may hereon dont fall in the zones. In such case, one must be stock specific. Levels for stocks are update on my app and amibroker indicator for zones is also available.
www.4shared.com
Please read this post along with my post on Nifty to get complete perspective on markets tomorrow. Banknifty too like Nifty finished as a strong green candle on daily chart with with higher high, higher low and higher close as compared to yesterday’s candle. Please check my video posted on youtube under channel name Market Movers India for slightly more content....
SOMEDAY NIFTY WILL MAKE A NEW HIGH AS SHOWN WITH ARROW WHICH IS NEAR TRENDLINE AS ONCE TRENDLINE IS BROKEN STOCK KEEPS RETESTING IT AND TRIES TO TOUCH IT BIG NEWS LIKE BUDGET ON FEBRUARY 1 WILL BE A BOOSTER IF COMES WITH POSITIVE NEWS AND A NEW HIGH OF APPROX 12243 BE MADE BUT ON THE OTHER HAND ELLIOTT IMPULSE 12345 WAVE HAS BEEN COMPLETED NOW CORRECTIVE MUST KICK...
Nifty made impressive gains on Friday. When IIP and CPI numbers were released on Thursday, I thought that it would cast its effect on markets next day. However, tweet from Trump signalling that US and China are likely to reach trade agreement soon and Boris Johnson’s win paving way for Brexit, did pushed our markets up. Later in the day markets, I felt, could have...
Apologies for late post.
Decision Point
31931-31988
Support
31824
Resistance
32153
Expectation
Support of 31824 to test today
My trade
Short calls at resistance
check this chart and follow my tradingview account- (sujoyking)
any questions/queries ping me my telegram account- @SSstockexpert
link-https://t.me/ssexperttrader74
twitter account-@sujoysaha740
hope...
Understanding TICK volume is very important and most of the professional traders use this information and build custom tools to trade Nifty and BankNifty. They spend a huge amount of money and time to build systems that are good at understanding the behaviour of other traders.
Reading the general public and traders interest is very important to be successful in...
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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![BANKNIFTY: [Turtle] BankNIFTY Call Spread](https://s3.tradingview.com/j/JyxRG2hP_mid.png "[Turtle] BankNIFTY Call Spread")
