So this is Nifty daily chart guys!!! As all can clearly notice the demand and supply areas on the chart marked with coloured boxes. The nifty will be acting very dramatically now as its trading in an expanded triangle sort of structure and Thursday was an inside day and Friday being a Doji which means a reversal is soon gonna come. Be careful here and trade...
A tight stop at 1515 can be kept in reliance spot levels and futures can be bought here for min. 40rs upmove.
See the chart carefully for simple price action and trendlines.
Pinks are the swings.
Blacks are the trendlines.
Keep on radar.
It will be a flag pattern breakout on 60mins timeframe.
So guys according to 7days CPR relation, its higher value for tomorrow which means buy the dips and the prices have also closed above R1 today. Today there is also a Virgin CPR, a reversal to virgin levels can be expected and a reversal candle can be shot long accordingly. This expiry is going to be exciting.
No corona can stop from getting long in the market. Its...
yesterday's trade I was long in Nifty and booked 20,600 gains.
Developing CPR's for Monday is way above today's CPR and both Nifty and Bank Nifty have managed to close above
R2 and GPZ.Such a formation clearly tells buy the dips. Any opening above Friday's high should be watched,
wait and executed. Even the RT formation is perfect. I execute my...
Nifty CPR is a bit squeezed for tomorrow which means it is weak. Not expecting a massive fall despite the 2 days relation says its a moderate bearish signal. Selling the rips is recommended for tomorrow. Any close between 9080 to 9130 can build a little confidence in buying.
Close below 8790 spot-on can be a bit more bearish.
Bank nifty is also signalling...
These are my few markings on the 15mins chart of Nifty and Banknifty.
Nifty & Bank nifty CPR are squeezed, so a trend day can be expected.
The chart shows some sort of break out is due soon.
Trade well and do keep a stop in such volatile markets.
Bought the 12250PE on Friday as I was confident with the VCPR RVRSL pattern. This pattern is considered very strong reversal pattern. It did work for me. I bought 12250 PE when nifty hit 12232 and booked profit in next 15mins when nifty touched 12210.
12204 and 122078 are weekly and monthly pivots which are again considered very strong reversal levels and the same...
According to the price action and the D CPR formation on Friday, it clearly states that the small correction is over in nifty. If we open higher on monday any pullback till 12210 and 12225 can be bought with a stop of 12142 on spot charts. Put writing is heavy on 12200 and also on 12250(minor plus).
So, basically try to buy the dips and maintain 12142 as a stop...
A wide CPR suggests to Sell the Rips and a Lower value relationship also signals weakness in the index. The width of CPR tells the Monday move can be sideways, Let us see how this simple analysis helps to trade on Monday.
The Dev CPR is super narrow today, which means tomorrow expiry will be interesting. Now today's static CPR is VIRGIN the one in the red box.
Virgin CPR means when the price does not touch the CPR and the next day probability is high to touch the virgin CPR.
The nifty spot has closed 11999.10 and golden pivots are there to support at 11978 and 11971.
Coming to the...