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.
Nifty View: A fine 130 points up move from the benchmark Nifty in today’s session to take the index back above 15,900. The rally towards the psychological level of 16K has faced resistance before, so it is crucial for the index to sustain today’s gain and not give back like has been the case recently. The underlying short term trend of the index has now again...
Nifty future trades for 03.08.2021(Tuesday) on the basis of support and resistance.
Important levels for 03-08-2021 15870 level acted as a good support and with a good amount of put addition today we might get to 16000 tomorrow. Longs above 15920 with SL of 15895 for targets of 15960 and 16000. Comfortable to short below 15800 with a SL of 15830 for targets of 15760 and 15735.
Intraday Options: A. Buy 5th Aug Nifty 15900CE Strictly above 53 SL 40 Target 90 and 100. B. Buy 5th Aug Nifty 16000PE Strictly above 287 SL 245 Target 390 and 400 Exit before market Close Today. Do not take position for Tomorrow unless advised so. Out of the above 2 options calls, Trade only in 1 option which ever comes first and cancel second order...
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?