Already USDINR broken Ascending triangle on Aug, but it struck.. Another Ascending Triangle is forming in short term. Its continuation pattern and expecting to trade above 84 soon
Last week bull take charge on first 3 days and even Friday good recovery and FII bought after long time. Consider Geopolitical issues, Gold and Crude Market not looking good for next week. Not taking any overnight position until some clarity in the range.
Last week Nifty consolidated within 19500 - 19700 with volatility. Considering Macro and Global cues, expecting this week Nifty will break 19500. Keep Short with 19900 as SL. Good support on 19500-19550 and so, better to sell on rise instead of increasing Short on fall.
Nifty fallen all 4 days on last week and next support @ 19500. Might spend some time on 19500 and then fall again. I am going to follow Sell on Rise with Stop loss of 20000.
Last 2 weeks Bull running with strength even Macros not supporting as Crude hitting highs daily. Keep Long with strong Stop loss and Trailing stop loss is 20K now. Better to hold any long initiation and use Dips to add Long with 19800 as stop Loss
Last week Market Run continuously even global market is not supporting. Expecting Market to hit 20K this Month.. Keep your long open with stoploss of 19500.
Nifty consolidating within 300 points for last 4 weeks. After 5 weeks of Red, this week closed Green that also due to Friday candle. As most of the data is out already, expecting the market to consolidate one more week before breaking the range. Better to watch and enter before initiating any position.
Nifty closed below support area. But Mother Market took bounce from Support.. so, need to see Monday reaction from our market for any further action. I am going towards short still, until we are closing above 19500 its sell on rise Market. we are in the range of 19600 -19250 in last 3 weeks and broking any side action will be fast.
Nifty consolidated with Negative bias mainly due to Global cues. We will go lower once the 19300 is broken decisively. Keep your short till 19500 is broken and sustain.
Last week Nifty closed exactly at resistance and Opened above on Monday. Resistance turned support hold till Friday and we closed below on Friday. Also, 4 months uptrend is broken. So, if Nifty is not Opening Green or unable to sustain above 19400, we are going downwards.
SuperTrend is broken and so exciting week ahead.. untill Nify closing above 19700 its sell on Rise Market