This video link below box explains the outlook of nifty & banknifty for next week with perfect support and resistance along with the trade idea of levels marked on charts. Hope it will make you understand the market in more simple ways.
This post tells the story of the breakdown in form of an outline posted yesterday on the community tab for view. Price has to behave like this that every day I mark in form of support and resistance. you can see the exact turning points of every move along with the idea to trade this index available on the community tab. The link for...
Nifty is trying to find the lower levels to get the reversal - as of now there is no clear indication of upward, but surely you can use the levels marked as resistance and do short the market whenever it hits the resistance area or the resistance rays!
Pls read the above chart and try to understand each scenario and then correlate it with current scenario 👆 Cannot be explained into words so I took out time to allocate everything on the chart.
I welcome your views.
this projection is taken from a different market
it should make sense to you that the price action of any asset is not random,
the principals of geometry, including fractals, lines, shapes, patterns, and more,
can be applied to and utilized, in interpreting the price action of any asset.
Indian Indices (Fut) Last Session:
🟢 Nifty closed near the day high paring previous day losses.
🟢 BankNifty closed marginally lower failing to break 37500.
🔴 FII sold net 221 cr worth stocks & index excluding option
🔴 Nifty trading below ST(10,2) and below the 10/20/50 DEMA
🔴 High vol on down bar, low vol on up bar....
The market Started the October Series, with a (1.Low Volatility Test Reversal)
Then It Formed a (2. Potential Trend Change) Pattern
Made a retest for 17500 at (3. Effort Up) and (4. Effort Down)
And Till Today have given two positive Followups (5. and 6.)
So What is the Dominant Direction Here?
For me Logically is the Long Side
How i think prices will...
Nifty Futures Key levels and Targets 9th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
Nifty is really struggling to move up - stay cautious this week - we may see some more sell on the higher rate - the trades should be any higher should be right time to sell. Stay cautious and stay blessed.
Nifty 3 Bullish Move
A Double Bottom, Short Term Trendline Break and Resistance Level Break.
Current trend is uptrend, it may retrace and continue to Resistance level 17600.
On the downside support is around 17000.
RSI level is bullish.
This post is all about the marking and the idea posted on the community tab of the link given below box yesterday. In trade idea Point no.2 and 3 gives a clear vision of today's trade-in spite of dow was near 500 pts down yesterday and sxg was 120 point down in yesterday's closing. Sharing the Idea given for trade with marking as...