FMSmo

FMSmo

clean breakout on 15 mins time frame on nifty however retest pending safe traders wait to enter long position best level to enter near 17920 SL 17750 Target 18350+ long position holders book above 18200 buy on dips target 18350,18600 avoid shorts until nifty holds 17750 ie, strong support for this month jan expiry once broken retest 17600,17400 might possible...

FMSmo

Break out happened in Nifty Target 15250 and All time high possible in this moth break below 14900 sl 15050 target 14775, 14600, 14460 june mid possible not in this month so practically no bear run in this month fall will turn market in to more bullishness see the wicks buying pressure seen all over the days in this moth 14900 intermediate support of this month...

FMSmo Updated 

Long position in Nifty until 14450 level hold view invalid if daily candle close below 14450 Buy near 14550 and Target will be 14800, 14900 R:R 1:3

FMSmo

this chart to support the existing view on the Nifty Buy near 14650, as I said earlier Target will be 14900+ view invalid - DCCB 14450

FMSmo

Marked key supports & resistances Trade with the preferred levels enter near PRZ

FMSmo Updated 

First Potential reversal zone 14650 Second PRZ 14550 Stop loss swing low Target 200-250 pts

FMSmo Updated 

Wolfe wave analysis - Bearish wave if candle close above 810, then the pattern fail. risk to reward favour short, clean sell setup with strict stop loss Apart from Wolfe bearish wave, I can find out completion of Elliott impulse wave 5 (last bullish wave) I expect Elliott corrective wave occur soon in the ABC pattern will enter short with confirmation - 30mins...

FMSmo Updated 

patient holders be in short to reap the benefits However, nifty will gain bullish momentum from the strong support zone 14650-750 will approach the zone today or tomorrow itself from my analysis, it will touch 15100 to fall badly short term view in Nifty - bearish Nifty psychological support 14500 overall range for march 13500-15500