NIFTY 50 ANALYSIS
TIME FRAME - 15M but you can go down to 5M time frame to enter trade. Aggressive traders can enter trade in 5M candle closes with volume above the white trendline and go for green trendline target while safe traders are asked to wait for a retest.
NOTE- If trade is taken after 12pm then trade with next week expiry on delivery because market...
Nifty 50 is making a clear downtrend in 5M, 15M TIMEFRAME. Thrusday being the expiry day, market is more expected to go side ways thus resulting in profit day for option writers. Advice to short ATM PE if breakout+retest as shown above.
Nifty 50 was in a clear uptrend last week and it was shown a clear breakout from the trendline. It has came for a retest. If it falls below the white horizontal trendline, go short on nifty for the red trendline target. Wait for a 15M candle to close below white horizontal trendline and go short. BFL!
GRASIM made a triangular pattern breakout and has formed a flag and pole pattern.
Buy/Sell based on the breakout of the white trendline drawn.
No fixed buy call because of too much news flowing in the market.
TIME FRAME - 1 HOUR