1. From January 17 to till this day Nifty is travelling in a channel (Channel 1) with FOUR exeptions:
A. On 19/04 index opened below the low level of this chart and closed inside the channel.
B. On 9/05 index opened in the channel, but cloed below the low level of it. Approximately 220 points away from the lower line.
C. On 9/04 and 10/04 candles were near...
Nifty 50 index created a flag pattern in its weekly timeframe. If index breaks the upper boundary of this pattern, it may move at least 900 points in upward direction . I like to buy the next month nifty futures after this pattern breakout. And will headge with ATM PE.
This is not a trade reccomendation, but for educational purpose only.
And if the market...
