Here is my Trade plan for tomorrow: As if now SGX NIFTY shows GAP DOWN OPENING Condition 1: Support would be 16460 & Pending GAP is @ 16440. Market is likely to refill this gap by tomorrow following with 16366 & 16204 (Pending Gaps). Note: If by any chance we see huge gap down-opening then definitely Short covering will happen. Need to wait first 15 minute check...
Market is in Bearish mode.... Note: 15 min rule have to follow. Before any position please watch-out Volume & OI. Codition 1: Gap Down opening If 16135 taken out & sustain then definetely will see 16024 .... Condition 2: Sideways open For long small qty prefer until Gap filled (16423). For downside we can take based on Money mgmt rule. Condition...
Everyone is confused, Dont you ? Let me clear your doubt. No need to worry now we will see upside move sooner. I have heard people they are taking about market can go upto 15500 but let me tell you clearly it will not... Check my levels & do remember Price Action | Volume & Open Interest always. Bull will be active after 17000 only so any buy position manage it...
As expected Market filled 1st Gap & worked well as per our levels. Now 2nd Gap is open which is 16368. We should not take any long position at least for tomorrow. We can go long only after 17000 Resistance taken out else Bearish market will continue.
For upside 17251 will act as major Resistance & Downside support will be 16842. We can go long with Qty once major resistance taken out else suggested with smaller qnty only. For downside only suggested after 16842 else only with smaller qnty.
For upside move We will be active only once Pending Gap (17195) sustained else we will go with small quanty. If market remain flat then as we know market is bearish but stll we will wait for Price Action breakout for lower side with Qty else for upside we will go with smaller qnty only. If we witnessed a Gap down day then wait for for breakout on the downside...
Cipla is sitting @978.40. I will be bullish once Resistance was taken out. If 980.35 was taken out then definetely will coming target soon. Target 1: 1001.40 Target 2: 1019.65 Target 3: 1036.50
Gap Fill Pending Upside 17386 | 17467 | 17664 & 17921 Gap Fill Pending Downside 16678 & 16368 After 3 rangeboud days we can expect trending by this expiry. Condition 1: Gap up inbetween (17256-17314) then wait for 15 min, Let market first retest 17256 & then we can take position & if after gap-up 17314 taken out then for sure we can take position. Condition...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. We have to neutral now : Wait for our price to breach out. 15 min candle should be our priority.
After a wonderful day lets forcast for next week. Important 2 lines for this week Support : 17151 Resistance : 17250 Condition 1: Gap-up opening suppose in between "17250-17315 then we should wait atleast for 15 min & then take position accordingly. Condition 2: If gap down opening suppose in between 17080-17006 then we should wait atleast for 15 min & then...
FOR TOMORROW : We can only take position after 17463 taken out & on the below side 17343. If we want to play inside then trade with smaller qty.
Market closed @ 17149. Market levels remain same no changes. We will be fully active once 17235 on the up side or 17077 on the down side take out else we will trade with small qty tomorrow reason is simple : Kal Expiry hai..........
Where you will invest for future returns? FD / Mutual Fund / LIC Bond Wow Descending Triangle formed. Now we have to wait for breakout either side "15 min preference" should sustain first. Condition 1: We will only look for Buying once 931 taken out reason being two levels will crossed (Price Action & Triangle). Initial Target (IT) : 938. ...
Market Closed @ 16869 Market is in bearish mode. So we not take any heavy qty position as if now for buying untill 17300 breached. 16978 will act as a strong resistance as if now & so on mentioned on the chart for up move. 16978 Gap Refill done today as discussed prevously. Now what next ? If market move to the downside then 16678 (Pending Gap again) will...
Live Market Analysis We will refer the same chart as discussed yesterday Condition 1: If market was able to hold & sustain above (17235) Which is acting as a Resistance now then we can expect market to go up keeping in mind OI & Volume should support the short rally & Candle should 15 min only. Condition 2: If market flat opens in between 17281 - 17235 then...
Today Market closed @ 17185. Previously discussed about 2 pending gaps on lower side & out of which 1 was full filled today. Now what next maccha ? Condition 1: If market was able to hold & sustain above the Gap 2 (17235) Which will act as Resistance now then we can expect market to go up keeping in mind OI & Volume should support the short rally & Candle...
HNS Pattern bearish View All levels mentioned Only recommended to take bearish trade if levels taken out else watch it
We are witnessed & clearly visible Symm Trngle Patt. Levels mentioned & Take or Watch it, Its on you.