pravinmangalam

06:50

pravinmangalam

Today We saw a mixed day, by EOD we saw the rejection from upside and it is reflected on the daily chart. Our levels worked very well today too. What Next? Today it has formed a shooting star kind of candle but not perfect, basically we consider this candle as sign of reversal when market traded near to the resistance zone. But nowadays sentiment is positive...

pravinmangalam Updated 

#NIFTY VIEW @Today Literally I was not expecting this much move, but I was bullish above 11480 and this worked very well and from this level nifty gave a handsome move till 11598 and I drew trend line at this level only. @What Next? After this move buyers has gained the control over sellers and I am expecting this move to continue till 11700 which is a...

pravinmangalam Updated 

LOOKING for long trade.

pravinmangalam Updated 

Today we saw a very good move and long position build up. Today’s resistance point was 11800 and it worked very well today’s high is 11809. What Next? I am bullish and looking for more 170 points of move in tomorrow session and and it will touch 11970, “The market which was already trading with a positive bias picked up momentum after media reports suggested...

pravinmangalam Updated 

Today we saw consolidation at the upper level. And formed a bearish candle with rejection from lower level on daily chart. What Next? Above - 11880 go long for 11967 - I am expecting this to work Below- 11814 go short for 11755

07:39

pravinmangalam

Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926. Now on the daily chart it has formed long upper shadow with little body. @What next? By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly...

pravinmangalam

Expecting to touch 30200.

pravinmangalam

Not clear with the direction yet, but now I am looking it to go down.

pravinmangalam

You can go long from CMP.

07:31

pravinmangalam

@18/OCT/2019 On previous trading session nifty gave a good intraday move. And it made high of near around 11695. @Weekly Analysis Since previous two week we saw a bullish movement. @Tomorrow- Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government. Market may...

pravinmangalam

Bank nifty view

pravinmangalam

As expected, today nifty has moved nowhere, on daily chart it has formed a doji candle, which is a sign of confusion between buyers and sellers. Most important nifty has changed it’s way of movement and gone flattish. After a three days of slow bull move today it took a pause @What next? As nifty has changed market structure then its time to be cautious, My...

09:06

pravinmangalam

As expected, () nifty gave a slow move towards upside and the same we expected. @Today It broke the channel but was not able to sustain above it and came back in channel at the end of the day by forming the upper shadow, this upper shadow shows the sellers strength at the level. one more important point that we can observe here is, almost equal no of sellers and...

08:17

pravinmangalam Updated 

Today it was a range bound day, not much move. On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it. So what next? Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but...

pravinmangalam

Go long above support Line.

pravinmangalam

Bank nifty slowly changing its market structure. as of now trading in range bound and it has travelled nowhere since 1st October.

06:40

pravinmangalam Updated 

Yesterday we witnessed much volatile day, sharp upside and then a sudden fall. while upside most of the trader has trapped but those who were looking on 15 min candle it was clearly indicating a fall but nobody has expected the sharp fall. @MONDAY Now what is going to happen on Monday. Still I am looking for a bullish day, Yesterday we saw a sharp rejection...

pravinmangalam Updated 

#HDFC BANK trading in a channel. On Resistance you can go for Short trade and on support you can go for long trade.