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...
Understanding trades of nifty future for 29.07.2021 (Monthly Expiry).
Nifty Futures Support: 15694 Resistance: 15897 It is evident that the Nifty Futures are range-bound since 3rd June 2021. Nifty futures did trade at the highs of 15870 levels yesterday but clearly the strength is not enough for it to sustain the higher levels. Another point to notice is that the futures are in discount over the spot prices. Nifty spot closed at...
Nifty to have uptrend based on the resistance level hit for the past two months
Nifty View: A disappointing close from the benchmark Nifty index in today’s session - down 85 points to post a close at 15,734. This fall reverses the short term trend of the index DOWN and back to the support zone close to 15,650 which has so far worked well to hold up most sell-offs. Now, will it be able to hold up the index this time? My guess is as good as...
a bearish divergence is visiable in nifty future . you can see a decrease in volume . Its my first analysis please help me if any errors were found.
In my previous post I had shared that until & unless nifty future doesn't trend in a particular direction for a prolonged time, a strong trend will not be established. Market has closed negative but price closed near the lower end of our support band of 15800 to 15730. Trend of Nifty future in daily chart continues to remain flat although trend is now down in...
Overall view still bearish in my opinion, even if we get bullish signal I would say use less quantity.
understanding trades of nifty future for 28.07.2021 (Wednesday)
Sustaining 15800 - 15820 wil make the price to move towards 15860, 15900, 15940 and 15980. Bearish below 15780 for the targets 15740, 15700, 15660 and 15620.