Bullish above 16260 for the targets 16300, 16340, 16380, 16440 and 16480. Bearish below 16200 for the targets 16160, 16120, 16080 and 16020.
current move in nifty seems re accumulation and today after coming in range nifty didnt move strong enough to show sign of weakness over all volume was very low. At the end of the day we can see some sell volume increasing but the down side effect was limited and next bull candle engulfed the prior 50 % move with good volume suggesting possible support. For...
Nifty View: Benchmark Nifty decides to take a breather in today’s session, which is reasonable considering we had one big breakout to new life highs this week. At a close of 16,267, the index has just marginally slipped from its weekly high - a sign of short term consolidation and to gain some momentum headroom. The index is in a strong UP trend across all time...
Nifty View: Optimism continues as the benchmark Nifty extends the recent breakout with another positive session in today’s trade. So far this week, the index has gained over 520 points or 3.3%. And not only has it broken out to a new life-high, but it has also managed to do that with ease and held well without slipping down. Now at today’s close, a look at the...
understanding trades of nifty future for 06.08.2021.
Important Levels for 06-08-2021 A gap up open and 16335-16350 can be used to enter into short position for targets of 16290-16300, SL can be a max of 15 points, a risky trade but a risk worth taking. ONLY IF WE OPEN GAP UP. Longs if we open down or flat and slowly cross 15295-15300 with good volumes for targets of 16335, 16350 and 16380. SL will be at 16275.
Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is...
understanding trades of nifty future for 05.08.2021(Thursday)
Sell 16400 ce n buy 16000 pe for 12th aug exp. you can paper trade with this idea....
Can use the strategy of buy on dip as long as above 14025. Below that will have to see and then below 15945, we will be sideways to bearish again.
Hi All, Welcome to Thenali Views, Nifty has touched All Time High of 16000!!!! and Closed above it. Now the Consolidation at the resistance was broken and Bull Run will start... Let us wait for confirmation, Nifty to retest the Resistance turned into support of 15950. If Nifty sustained above 15950 go for Long. Buy - 16035 SL - 15816 ( Closes below in Daily...
Nifty View: “BIG” breakout from the benchmark Nifty index in today’s session. The index finally delivered the much-awaited breakout with which comes positive sentiment and clarity in terms of the underlying immediate direction. There was barely any intraday dip during today’s rally which clearly shows that the bulls have got the contrarian bears trapped and this...
understanding Nifty future trades for 04.08.2021 (Wednesday).
Below 15945, was maintaining sideways to bearish view. Now sideways to bullish as long as above the same level of 15945.
Important Levels for 04-08-2021 What a strong breakout, not only we broke 16000 but made a high of 16160. Any dip will be bought and we can see target of 16250 soon. Looks farfetched but volumes and open interest both do suggest more upside is likely to happen. Strict NO to shorts. Levels marked can be used as reference to buy and place SL as per our entry.
based on harmonic pattern prz range to short 16075 and 16136
Wolfe Wave - NF Resistance = 15920 Support = 15869.85, 15799.60, 15735.20.
Disclaimer: This is not an investment recommendation, advice, research report, or tip of any nature. We are doing this only to know the Demand and Supply Zones. Strictly for educational purposes only. Before trading/investing consult with your Financial Advisor.