Sayan_
Nifty is super bullish .... but it seems a RSI divergence...its not good idea to short nifty.. if nifty break 15600 then we see small correction or consolidation ... above 15750 we can see another up move.....
Daily time frame Triangle break Out... now time to create more long position...
it seems USDINR is full of bearishness... but now time decrease your quantity...because it is near demand zone and dollar Index also in demand zone.. if it cross 72 then further down move possible...till that it may be range bound or small retrenchment possible
waiting for bullish flag pattern break out... this idea is only valid for intraday .... If it break 33494.95 then pattern is Invalid
looks like it is forming Bullish structure Nifty can reverse from here...(normal retrenchment in bull market ) i m expecting 14950 - 15000..... if it break 14900 further 100-200 point fall can possible.... Disclaimer: I m just sharing my view not responsible for any profit or loss.
seems BNF create a falling wedge pattern.. BNF is weak compare to NIFTY.. in case BNF break A go long if B break then create short position... between A-B we can see range bound structure...
looks like it is a cup n handle pattern... if we get a breakout..then a up move possible.. go long above 14733 getting confirmation from RSI if nifty close below A line then only pattern is invalid...
if nifty break upper level and sustain then reversal possible... 14700 crucial level for this week... u can say above 14700 find long opportunity and below that find short opportunity(based on OI analysis 20th may expiry)
Mark some important intraday level for tomorrow... this level is valid for tomorrow...
If nifty break zone b then go long.. with target zone A if nifty break trendline and sustain then take short position..target Zone C this view valid for tomorrow (10-may-2021)
seems a bullish flag pattern in 15 min time frame...if get confirmation in live market can take bullish intraday trades... in short term and long term market looks still weak Bearish this week TCS, INFOSYS, WIPRO, MINDTREE, HDFC BANK coming with their result Which create a major impact....
Banknifty is too weak compared to nifty...if BNF closing and sustain bellow 32350 can make further fall.. if upcoming HDFC bank result is good then it can give BNF a relief
looks like nifty loosed his momentum.... can't ignore "RSI DIVERGENCE"
26,600 to 26,800 zone is decision zone above positive & below short.
after 5 continuous bullish month a retrenchment expected
last 2-3 month LT trend is bullish..... if it breaks 990-995 in 1hr time frame with good volume....only then create a long position for targets 1100,1200,1300 and sl below 940 can add more position only 990-975 zone.. if it touch 950 first then idea is not valid..
1st time HDFC try to break the trendline but the volume is not supportive... idea 1 = if market break the trendline with high volume (1 Hr Timeframe ) buy above the candle.. idea 2 = if market takes support on 1843 to 1850 zone...then buy on any pullback candle.... hold for target 2000 setup is not valid if any 1hr candle close below 1840....
if Nifty breaks 11000...then only think for short.....before that find only buying opportunity... every dip near zone(11030 to 11050) is a buying opportunity..