subravi

subravi

A simple Outlook suggests Nifty in bearish trend with 18140 resistance. Nifty expected to drop down to 17527 before further upside move.

subravi Updated 

Nifty 17929 - has shown raising wedge pattern. Support is at 17832.Market data suggests long buildup supported with buying. Expecting nifty to be more volatile today.

subravi Updated 

nifty 17770 - nifty 17752 will be the trend decider. As long as it trade below,we shall expect nifty to test 17676-17640 zone. Market data suggests nifty longs with cash buying and call selling.we expect gap up opening to clear the pending longs.

subravi Updated 

Nifty 17856- As we had posted 17862 worked as good resistance and nifty couldn't close above that Market data suggests nifty was held around 17860 by market players to clear long position by cash buying and put selling. we expect until nifty trades below 17862 we shall expect 17740.

subravi Updated 

Nifty 17799 - Grey resistance zone 17894-17932 was mentioned in Feb5 Posting. Nifty exactly resisted at 17898 and has dropped down. We expect 17772 will be the trend decider.

subravi

nifty 17893 - an ascending triangle pattern is visible in charts. Market data suggests shorts covering and longs added. Underlying is bullish with support from 17674. 17862 will be the trend decider. We expect Nifty will be moved down to 17740 to 17674 to close existing positions and will be moved up.

subravi Updated 

Nifty 17721 - Has closed below the descending triangle support 17772. Support is at 17683 to 17632 zone. Market data suggests long buildup. With pcr decrease, we expect nifty will be pushed lower to trap in more sellers.we expect 17772 and 17632 will be the trend deciders.

subravi Updated 

Nifty 17764- could seen descending triangle pattern. Indicators are negatively diverged. Market data suggests huge short buildup. 17894-17931 is the resistance grey zone. Will be Looking for short opportunity around this zone.

subravi Updated 

Nifty 17854 - Has resistance grey zone at 17894-17931 and another grey zone is 17682-17633. Market Data suggests accumulation of long positions and PCR has raised from 0.8 to 1.1 suggests strong support buildup. Last day change in OI @ 0.54 (204638 / 377510 ) suggests short buildup is around twice the long buildup. So we expect some resistance at the resistance...

subravi Updated 

Nifty 17610- Has reversed exactly at the grey zone resistance 17648. Next grey zone is at 17587-17525.

subravi Updated 

Nifty 17616 - Nifty has settled in the grey zone 17608-17647. As signals are positively diverged, we expect nifty will be moving high with support extended from 17540.

subravi

We had mentioned in morning 07:30 post "Expecting Nifty to move to 17770, 17860. Both these targets achieved. The downfall today was not of any technical reason and it was mere luck we got out our PUT positions close in good profits. Nifty also reversed exactly at the trend support 17355 ( Refer the morning post of the trendline ) helped to initiate long...

subravi Updated 

As we had posted 17565 provided good support and Nifty has raised to 17698 to close at 17662, successfully above the grey zone 16644-16608. Support at 17555. Expecting Nifty to move to 17770, 17860. Trading plan : Falling Nifty fall down below 17660 - Go short Raising Nifty raise above 17608 - Go Long.

subravi Updated 

Nifty 17648 has shown bullish divergence. We expect nifty have potential to move to 18070. 17565 will be the support and trend decider. Will be keep going long with this support.

subravi

We had posted 17479 would be the trend decider in the morning post As we had posted 17479 worked as a perfect support for the day. Volume was decreasing with Price falling down. To trap hidden sellers a spring move ( false breakout of support ) had been made and price has been moved higher. What is a spring A Spring is simply a false breakout of the...

subravi Updated 

Nifty 17604 has support at 17479. Trend decider 17479.

subravi Updated 

Nifty 17891- Nifty has uncovered support zone at 17818-17771 zone. We expect Nifty will be dropped to this zone and moved high to clear the resistance zone (18080) before further progress.

subravi Updated 

Nifty 18118 - volume study suggests good buying has came in at 18063 to 18110 zone. Bullish hidden divergence in indicator. We expect nifty will be moved to 18430 zone in coming days.