Nihit-Saxena

Nihit-Saxena

Ideal entry once retest of the support of successful on EOD basis may decide to wait this one out as all indicators extremely bullish this could easily turn into a short trade given certain conditions met Target - 22940 SL 18480

Nihit-Saxena Updated 

Had been waiting for this breakout Price should hold above current support at smaller channel ceiling (confirmation) MFI neutral SqzMom bullish and rising Target 7035 - based off of the previous larger channel SL - 6320 (smaller channel ceiling) on EOD basis

Nihit-Saxena Updated 

SIMPLE RANGE TRADE MFI RISING SQZMOM TURNING BULLISH VIX FIX COULD SIGNAL END OF CORRECTION ANY MOMENT NOW TARGETS - 700, 730, 745 SL UPON BREAK OF CURRENT SUPPORT (ON EOD BASIS)

Nihit-Saxena Updated 

If you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330. Earnings are also in and the emotion is bearish. All levels in the chart. High OI at 7000. Once that is broken, we could see price drop fast. MFI pointing down. I would target 6850, and trail below. Would definitely...

Nihit-Saxena Updated 

Trading in Bullish Channel Formed Bullish Hammer MFI has bottomed out SqzMom has started to turn Bullish VixFix could signal completed bottom anytime now Looks sorted if the current trend support holds tomorrow and day after Stop upon clear breakdown below trend support on EOD basis

Nihit-Saxena

Last 2 days had decent volume and price has broken support clearly and decisively. New Range - (1430 - 1540 - 1620 - 1680) MFI decreasing rapidly Rising volatility (ATR), also check IV IF breaks back above 1685 then this view will need modification. Lets see.

Nihit-Saxena Updated 

SIMPLE RANGE BOUND TRADE MFI BULLISH SQZMOM JUST STARTED TO TURN BULLISH VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW TARGETS 325 350 SL upon breach of current support at 285 (on EOD basis)

Nihit-Saxena Updated 

TARGET 4320 MFI BULLISH VIXFIX SIGNALLING END OF CORRECTION SQZMOM SHOULD TURN BULLISH SL 3765 upon breach (EOD basis)

Nihit-Saxena Updated 

SL breach of 965 on EOD basis SQZMOM BEARISH AND FALLING MFI NEUTRAL VIXFIX SIGNALLING A FALSE BOTTOM? PS - a rather smol trade dis, more like a thought

Nihit-Saxena Updated 

Simple S/R levels based on trading range. Enter and wait for MFI to fall some before the up move proceeds.

Nihit-Saxena

Analyzing the S/R levels and price range. Rest is self-explanatory.

Nihit-Saxena Updated 

Shorted @ 9500 w/ SL @9600 (if it closes above this level then I'll square off) Targets are 9332, 9176, 8990 in order. Shorted June Futures & hedged w/ June 9200 Calls! GLHF!

Nihit-Saxena Updated 

Shorting @ 442.30 w/ SL @ 450 (if it closes above) Targets in the chart. Short June Futures @ 439.3 no hedge. GLHF!

Nihit-Saxena Updated 

Price has met resistance at 193-195 levels with 2 sweet Spinning Tops. 100 Day SMA @ 195.50 is a potential resistance. Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries. GLHF!

Nihit-Saxena

PURELY TECHNICAL Optimistic View - Nifty retraces to 7500 and rebounds back to current levels to complete a double bottom formation before breaking resistance @ 8900, in which case the target would be 10,000 (Max Call OI). This will become the next crucial resistance level. Pessimistic View - Nifty retraces to 7500, either stays within 7500-8900 level or breaks...

Nihit-Saxena Updated 

Keeping it simple, long term supports and resistances are marked in the chart. The selling pressure is high as foreign investors are pulling out of the Indian markets and the government acting against the market's expectations among other reasons. The sentiment is bearish. If nifty breaks the current uptrend, then we're looking at 10500/9950. In case of a...

Nihit-Saxena

Leveraging a decently positive correlation between USDINR & DXY. Working on the trading strat.

Nihit-Saxena Updated 

Expected trading range: 11150 - 11010 Support @ 10980-90 Chart tells the rest ;)