Nifty 17624 : Has closed above resistance 17620. Support is at 17537. Market data suggests long buildup. Possibilities to move high as day signals are bullish. Consider short / long strictly around these values according to nifty moving direction. Falling down from above resistance / support - short, raising above the resistance/support from bottom - long.
Nifty 17599 - Expecting 17620 as trend decider. If closed above nifty could test 17760. If couldn’t move above 17620, then nifty has support at 17540. Market data suggests long buildup. So more possibilities for nifty moving further high. Consider long or short positions strictly around 17620 ( +/- 20 )
Nifty 17359 - Has traded in the resistance zone in the last session and has closed below the upper resistance trend channel. 17378 will be the trend decider. If trading below the decider we shall expect Nifty touching 17220. Price at upper trend and the indicator also at high sold region add value to bearishness.
Nifty 17080 - Is trading in the resistance zone and resistance is at 17144. Support at 16953 - 16917. Technical Trend is negative.
Nifty 16951- nifty is in falling trend. Resistance at 17017 to 17144. Support around 16480.
Nifty 16985 - Has lost initial gains but successfully closed above 16972. New support is at 16915 - 16972. Resistance at 17042 - 17081. As indicator is bullish we expect nifty to move high and test 17081,17137
Nifty has slipped down 3rd time from the zone 16972-17351. It had tried to stay above 17137 for 2 trading days but failed to hold and has slipped down. Our Trading idea : Will be considering shorts in the resistance zone or below 16972.
Nifty 17107 - Nifty as suggested has given positive signals in yesterday move moving above 16994. Now resistance at 17137. Above this nifty has all possibilities to test 17554.
Nifty 17100 - As signals are diverged, we expect some positive move here with support 16770 and resistance 17554. 16994 is expected to be the trend decider.
nifty 17413- 17490 is immediate resistance and if it trades below then we shall expect it dropping down to 17190
Trade entered : Nifty 16 March 17400 PE @ 145 at 10:33 @ Nifty 17384 - Trade closed at 167 @ 13:35 What favored Our Trade today : • Trend was negative • Nifty fell below 17392 in opening trade. • Shorts were being added in Nifty futures as Price of of 17200,17300 and 17400 CE's were higher. • Position Windup was seen in PE's suggested market players expectation...
Trend is bullish Short covering in Furure - Bullish V pattern - Bullish Inspite of above bullish signs Mistakes for PE buying Overconfidence on Resistance 17439 - Price struggled to breakthrough Negative Bias as FII's were net sellers Rs 4,559.21 crore on 28/2 Trade carried Trade entered : Nifty 16 Marcg 17450 PE @ 160 at 10:32 - Closed at loss 130.
Nifty 17392 - Below are few of the trading rules we followed yesterday before entering the trade 1. Positive Divergence 2. Double bottom pin bar reversal 3. Support 17324 not breached 4. Positive trend in indicator 5. Nifty future is positive Trade entered - March 9 17350 CE @ 159 @ 12:05 - Closed at 199 . (//in.tradingview.com/chart/ NIFTY...
Nifty 17465 - has breakdown 17519. If trades below this ,nifty could test 17220. If could breakout, expecting nifty 17910
Nifty 17511 - nifty support at 17390,17224. Resistance at 17824. Signals are bearish. Last 2 days Market data suggests selling by market players.could there be some short covering. 17519 will be the trend decider.
Nifty 17554 - trend decider 17519. As long as nifty trades above this support we shall expect nifty to test 17824-17877 zone.
Nifty 17826 - Nifty 17826 - Nifty is in support zone 17839-17798 .Support zone 2 is at 17768-17720. Refer Feb 20 Posting (). Expecting Nifty Breakout of 17877 as it has more possibility to retest 18048. Will be looking for long opportunities.
Nifty 17844 - Has break down 17887 and has fallen to first support zone 17839-17798. As Long as it trade below 17887 we shall expect Nifty to test 17667.