Nifty Bank in Pressure and high chance to touch the channel's support, and if it breaks it will re-test the channel again and come down more
Nifty has formed a HANGING MAN candle stick on the last trading session, ideally we can expect a gap down and have to wait till the candle closes on RED...after the confirmation we can go for a SELL... But if there is a bull candle stick is formed on next session the HANGING MAN will become invalid...
NIFTY is at very crucial level with major monthly trend line, resistance, support, symetrical triangle, fib retracement very intresting trending expiry day or borning sideways.....?????????? MAJOR OI (OPEN INTEREST FOR 16TH APRIL 2020 EXPIRT DAY) OI CALLS = 9000 9300 9500 OI PUTS = 8500 8000
Nifty is stumbled with MONTHLY SUPPORT & RESISTANCE
DOW JONES INDUSTRIAL AVERAGE INDEX Has formed a Evening Star DOJI if the red ink leaks the next day and closes below the doji low the chart can expect major down
SGX broke the 1 Hr trend line and heading towards the re-test
Nifty declined to breakout on monthly support trend line which now acts as Major Resistance and also a retest has made.
Nifty's show off is over with 1.618 Expected a fall from April 8th
SGX NIFTY WAITING TO FALL
NIfty Bank is holding a CUP AND HANDLE pattern all plotted SUPPORT AND RESISTANCE are of monthy chart
Nity 50 is holding a CUP AND HANDLE pattern