SHORT TERM VIEW BankNifty one hour chart broke the trend line and seems to be on sell mode. If it breaks below 52190, the next level would be 52000. Only when it breaks, Either we can buy at the money put option(can get 50 to 100 points) or sell futures. We should close our position as soon as get the target. How we can trade is given below. The above views will...
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Nifty analysis is based on PEMA and Hull Moving Average. On Friday Nifty had formed a Bearish Engulfing Pattern. The trend or the direction of Nifty seems to be on the down side if it breaks 24500 and closes below it. Then we can see a level of 23200. If it breaks the high of 24860 and closes above it , then the market turns Bullish and we can see new highs in...
DOW HAS BROKEN THE SUPPORT LINE AND IN BEARISH MODE. WHEN EVER IT BREAKS THE SUPPORT LINE IT EASILY GIVE 500 TO 1000 POINTS. sell only if it breaks 39800 with stop loss at 40120 (close of one hour candle).