Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
BULLISH BAT THIS TIME.
NIFTY HAD RED CANDLE TODAY WITH HIGHER HIGH AND HIGHER LOW.
INFOSYS ALONE CONTRIBUTED AROUND 115 POINTS IN THE NEGATIVE SIDE.
UPWARD MOVEMENT OF NIFTY MAY RESUME.
STOP LOSS SHOULD BE BELOW D
The effect of Infosys drop in US markets due to whistle-blowers' complaint and very high provisioning in HDFC Q2 results were both felt today. Though I expected Banknifty too to take some hit, I think ICICI Bank and Axis Bank (during morning hours) didn't allow it to fall. Analysts expected better results from Axis Bank. After market hours Axis Bank announced...
Go long with 11570 CBSL (Day candle close below) . Target ATH.
If SL hits, attempt another long near 11500 with 11480 SL touch basis.
Final SL for long is 11420 touch.
NIFTY remains bullish as long as 11420 is intact.
Short the bounce only after 11420 is taken out for target 103XX/102XX.
Key Levels for NIFTY50 are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~11605
First Target~11640
Interim Resistance~11685
Final Resistance~11730
**Lower Levels**
Lower Breakout~11553
First Target~11518
Interim Support~11480
Final Support~11425
Please trade with caution and consult your financial adviser before trading. You can also join...
Those of you who have been following my ideas for some time, know how reliable I find the Nine period EMA over 21 period RSI on a two hour Nifty chart.
As you can see, the system has given a clear SELL signal around 12:00 P.M. Nifty near 11640 level.
I would hold my shorts till there is a clear BUY signal on above EMA over RSI system. 11580 is another crucial...
1) 1D & 1H Chart high possibility of forming M Pattern
2) < 11640 look for bearish/selling positions
3) Big money is still in bearish positions under derivatives
4) Last time elections also happened same before market went up after that there is a huge fall
5) Infosys has some -Ve news which is NIFTY top 5 heavyweight cmpny we may see huge fall in it so market...
@18/OCT/2019
On previous trading session nifty gave a good intraday move. And it made high of near around 11695.
@Weekly Analysis
Since previous two week we saw a bullish movement.
@Tomorrow-
Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government.
Market may...
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
Nifty confirmed the Trend line breakout all are happy and all are very bullish.. But I am just saying about the rules of Technical Analysis. Which are as follow.
Trendline Breakout should base of Stock or Index ( Depend on its Volatility or Density of Volume)
But any trendline breakout 100% sure after closing above or below 1% or hold for atleast 3 Days.
In...
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NIFTY
