If there is a break below todays low then 16600 can be next target. As wednesday is a holiday and major FED event there is a chance that short positions might get covered tomorrow. Any long trade now could be high risk and should be done only above 17250
In the monthly chart whenever RSI touches 80 there has been cases most of the time to correct 10 and even 30% or more. Current situation is almost same so advisable to be cautious on further longs.
rade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your...
only buy above 125 till that keep on watch. It has given a good fall and the bullish view will be negated if fall below 112, so till that time there is a chance of bullishness
Check for breaking price below 17280 as daily RSI is above 80 and overall chart structure shows a high chance of correction or a sideways market in short term
After 16800 hits trail stop loss if psbl for target of 17500.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Todays high should break on current week itslef otherwise a reverse trend we may see. But the probability is very much high for moving to 16500 and even beyond. Take a long position only if today high is broken till that time wait.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose...
Range has extended to 15450- 16000. Any break of any of the mentioned price then only a trending move can be expected. Any support or resistance within this range is just meant to break and to create confusion in chart analysis. Somehow expectancy is little higher to cross 16000 as dow is almost touching all time high but wait for the break, do not trade...
US markets has reversed from top. As mentioned on previous post Thursday high should have broken with conviction, it didnt happen. As long as 15870 is not breaking on atleast one hour close basis trend can still be kept as up, otherwise we can take it as a top reversal which can touch 15800 and 15650.
However a gap down can be expected on Monday, so time to be...
It has again came to a good resistance area of 15900-15950 but it also showing small signs of reversal. If todays high is broken then a good chance of an uptrend and advisable to go long. This breakout should happen by Friday or atleast monday otherwise again we can expect a range bound week or even for whole July month. Range being 15700-15900.
Trade as per the...
Still now it is hovering between 15500- 15900.. Lot of different views are present.. Just because US came out positive on friday most of them has turned positive. Keep 15500 and 15900 as major point and only breaking any of those levels only can decide new trend till that time its only sideways..
Monday even if there is gap up a very high chance of gap filing is...
As per previous post, yesterday low was broken and now it has given a bearish stance
Trail the stop loss to 15760 and target could be 15500.
Most of the primary trend is bullish so this bearish trade could be a risky one.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only....
If todays low is broken then keep 15850 as stop loss and look for short entries (a risky one as market is sideways)
Mostly everything is sideways and IV is almost below 13 which is the lowest ever
A breakout can be possible but it should cross either 15900 or 15500 with a pretty good conviction
Till that time it is just sideways
Trade as per the risk appetite,...
15500 has been defended well till now. Breakout of 15900 or 15750 is required for a new trend. Probability is more on the long side and chances of 15900 breakout is higher. If 15900 breaks 16200 can be taken as next target and if 15750 breaks it could go till 15500 again. Monday there is a good chance of gap up resulting to 16200 on current week.
Trade as per the...
For 2 days there has been gap up and then it closed on negative. This is not a good picture as it shows the bulls are getting little weak. Trading ranges has changed to 15450-15900. Unless it crosses either of the price, trend is sideways. There is heavy call shorting around 15700 – 15800 calls inspite of reliance AGM, so it can be derived that there is very...
15450 didn’t break today which shows strength in market. There is a good chance that till Thursday nifty would be volatile. Crossing 15750-15800 range could be tough unless something very good happens in international markets. Once it crosses 15800 there is a good chance of a rally till 16200. For now, advisable not to trade much, maybe a short straddle could be...
