About meHonestly Speaking, I come from the web development field. Since I was studying in class 10th since then I have started my own trading and the fractures of the days within me have been developed since time immemorial.
61.8% key Fibonacci ratio at 11091
These three major points are very important to understand, which have played the role of resistance in the past.
94points(11185-11091 = 94) of area are crucial for up move.
Keeping in mind both side move;
1) To make up-break out, Nifty should jump OR GAP with heavy volume.
2) The resistances are working...
There is important that last hour will clearly show you for confirmation of downtrend. But, presently short selling has eye on NF, technically.
How should be it confirm?
Answer: Suppose to break below 11040 below, then bull's strength will lose.
Should I take short position here?
Yes but at higher level with stoploss of new nigh.
As mentioned in yesterday technical researched, GRASIM future made high 828 as mentioned accurately in impervious researched.
Question: Will it confirm to move?
Yes, if trade below 800 today and close below it.
Exception is Volume is not increased.
I have updated date and price. both are acting perfect.
Look at the chart, there're original strongest resistance is near.
IMPORTANT Question: where should act for selling?
165-300 points fall can be easily in 2 trading days, but what is exact price.
How is should be confirm?
All of above questions answer is : last hour of today's trading. We will see fall from tomorrow.
GRASIM fut. trading at 811 and high was 813. If we write technically, then now the GRASIM is drawing perfect level for selling…!
But, We should not act today because, We are expecting that Nifty index trend will change on or after 6th mar 2016 basis of TimeCycle expected. We should to try sell at higher and higher price 814/829.
In a short time you will be...
This is SPOT nifty but, here are all mentioned level for NF.
When you look carefully plotted all things on chart, you will find more important as mentioned below;
Short term trend is up.
All those which are original resistance will start from 10974 to 11142.
A good idea is that we should look for selling when short term trend change.
Its can be...
Bataindia has a long way to trade in Up-trend. but, all things of it not good for short term cycling. Therefore, on the the technical base short selling in future and option trade is great opportunity for this stock.
1260 strike of mar put - Rs 30 to Rs 33
Short selling on future at 1300 nearby.