Option_Kontrol

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Nifty looks bearish. Have to play very careful. Would recommended to play with Small Qty until U R Sure about market direction. Major Support : 16151 / 16050 15991 so on... Major Resistance: 16385 & 16478.

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16818 would be major Resistance for market. If market taken-out that resistance then for sure we will see 17022 level ASAP (GAP FILL PENDING). RESISTANCE : 16818 / 16908 & 17022 Support: 16747/16628 & 16531

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Monday Analysis 15 min chart Descending Triangle formed : As if now SGX NIFTY Indicates 100+ points. Trade with logic explained. 1: If we see gap-up opening: Let market go above16818 & hold then we can Buy Future Options or CE/PE(Sell). 2:Buy any chance if market open gap-down then wait until it breaks 16531 & hold then ready to sell Future Options or...

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Ascending Triangle intact. If candle close above $850. We can take & hold until it reach $875/$897 & $1002. Pyramiding is the best option now.

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HOW TO TRADE #NIFTY ON Wednesday Though market (Nifty) seems BULLISH but market will definitely retest 15734 within these week (+- 10 pts). Market closed @ 15814 Keep in mind Price Action & take trade. Always trail your SL to get bigger profits.

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Projection: ========= Though market bullish however facing a lot of difficulties to go up. Condition: ========= If market open above today high (15846) then wait for PA atleast for 5-10 minutes & then take position. Next target would be 15899. If market open below Todays high then wait to PA again: If market breaks todays high then take fresh position else we can...

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Conclusion : If market open above 15729 remain flat then market will retest 15729 again & sustain then it will go for uptrend move (High Probability) If market breaks 15777 then for sure it will test 15831 which is our level & So on. Over all 60%-70% trending 30%-40% sideways. Note : Take any trade after consulting your FA.

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Puzzle Solved : All mentioned target will be achieved Sooner I will be opening telegram channel where we can discuss the current market breadth. Any suggestion will be most welcome :-)

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My Views is BULLISH now :-) If Bank nifty support tomorrow then we will see new high else again RANGEBOUND DAY 1: 15732.90 (Strong Support) 2: Candles forming within the Trendline, We can see upward movement by tomorrow or day after. 3: Start with Small quantity & keep Pyramiding. Stay safe & happy Trading :-)

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Note: I Will not Trade Until market breaks PDH or PDL. My Target remain same as discussed previously. Always have Plan "B" if Plan "A" fails. All post are only for Education purpose. Take your own trade after doing your analysis.

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Note : No Trade zone (15554 - 15607) Level revised as 2 out 3 hit today itself. Level 1: 15678 Level 2 : 15831 Level 3 : 15980 If Nifty breaks Trendline then it will come down to RETEST ZONE, 15508.7 As we know from tomorrow we are getting little wavier on Lockdown restriction as well as listening good news So probably market will go up.

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TREND ANALYSIS

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All levels mentioned in the chart.

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Every Dip is buying opportunity.

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My views on Nifty : Buy will try hard to pull the market but at the end market will dropdown. Have to take all trade very carefully. Take all trade when you are convinced by your own decision.

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All level mentioned

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All level mentioned

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I strongly believe Monday(17 May,2021) we can see uptrend move. 1- Trendline indicates. 2- Good local/GL news. Note: Take any trade after doing your research analysis. Make trend your friend then only you will be able to earn daily/weekly basis from market else one day you will loose your capital. Only for education purpose.