The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication.
Today,...
Price may find hard to move beyond the SUPPLY zone. It may retest the DEMAND zone ~11300-11200. After clear accumulation, price will move up. Gap created on 4-Sep may be filled.
For week Sep14-17:
UPPER ZONE: ~11500 - 11600
LOWER ZONE 1: ~11300 - 11200
LOWER ZONE 2: ~11000 - 10900
A POTENTIAL Head & Shoulders pattern forming on 4H Chart of NIFTY SEP FUTURE. SELL 11260, SL 11475.1, Target(s) - 11150, 11050, 11000. Measurement = 514. 11235 , 11130 and 11030 are the key levels. Below 11000, 10860-70 can be expected. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Sustaining 11480 - 11500 will make the prive to move towards 11540, 11590, 11620, 11680 and 11720.
Bearish below 11420 for the targets 11380, 11340, 11280, 11220 and 11180.
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Good luck
I am travelling so next week i will post Video on volume Profile
Please do your own analysis before trading or investing.
NOTE :- I am not a SEBI registered advisor, please consult your financial advisor before trading or investing.
Also NASDAQ shown in the video is of running market and not closing.
Happy Trading!
