Market has opened gap up...now you should not be caught in a trap wait for the market to cross either side resistance and support.....
As Describe In Chart Trade Accordingly. Support And Resistance Lines Plot On Chart. Once You Buy or Sell Then Always Book Partial Profit. Do Not Wait For Final Target. Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side. Thanx.
Nifty View: The Benchmark Nifty index keeps oscillating and keeps us all guessing which way will it eventually breakout. With Friday’s unit point negative close it was a disappointing close as the index slipped significantly from its intra-day high of 15,872. There is no dearth of volatility but definite ambiguity in terms of the underlying trend of the index....
Important Levels for 02-08-2021 The range of 15800-15830 has to be treated as a NO TRADE ZONE strictly. The best trade looks a short at 15800 levels for targets of 15760, 15735 and 15700. SL will be at 15830. If we open gap down we wait for the price to settle and enter at any of our previous mentioned targets upon seeing any -ve price action for the lower...
Sustaining 15720 - 15740 wil make the price to move towards 15780, 15820, 15860 and 15900. Bearish below 15700 - 15720 for the targets 15660, 15620, 15580 and 15520.
Overall still bearish to sideways. Need to close above the zone shown in the chart to be bullish again.
Overall still bearish to sideways. Need to close above the zone shown in the chart to be bullish again.
TWO OR THREE CONSECUTIVE NEGATIVE MONTHS ALWAYS PUSHED MARKET TO GOOD HIGHS IN THE NEXT MONTHS. CAN WE EXPECT THE SAME THIS TIME AS WELL?
Nifty View: Wonderful oscillation from benchmark Nifty index over the past few weeks leads to enough reasons for the short term traders to feel a bit frustrated. The underlying short term trend has reversed multiple times with frequent instances of breakout failures in either direction. Now with today’s 69 points bounce back, the index has once again raised the...
Buy only above 15840 in spot, if any 15 min. candle close above. Wait for confirmation, First Nifty Should Close 15 Min. Candle above 15840 then it should retrace back to 15815 level then buy with SL of 15800 and see for higher target of 15950. One can short also if 15 min. candle doesn't close above 15840 then sell Near 15840 with SL of 15870. Look For the target...
understanding trades of nifty future for 30.07.2021 (Friday).
If moves above 15850 have to looks towards bullish side for now. But don't took big positions, trade small.
Tomorrow monthly expiry so I have marked likely range for tomorrow. But if sustains outside that range, then can move directionally.
Nifty View: Quite an eventful trading session for the benchmark Nifty index today - breaks down sharp to test 15,510 and then come back with a sharp bounce back to post a close at 15,709. It was a day’s range of over 250 points for the index and a lot of drama. The underlying short term trend is still very much down and going forward the immediate resistance zone...