For tomorrow 11800 to 11820 level is very important. If Nifty will sustain above 11820 then it may test 11900 and if it will able to sustain above 11900 then because of short covering it may test 11940-11950
No trade zone will be 11780 to 11820.
Sustain below 11780 it may test 11750-11700.
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Please see the levels in the chart. For Nifty 11750 is a make or break level. If Nifty will sustain above 11750 then it may test 11860 and 11900. Another side if Nifty will not able to sustain above 11750 then it may test 11700 - 11685.
As per the levels in the chart:-
If Nifty will not sustain above 11750 then it may test 11670.
If Nifty will sustain above 11750 then it may test 11800.
The fresh up move may start if it will sustain above 11800 in this scenario it may test 11870 but if Nifty will not able to sustain above 11800 then supply presure may push NF to 11750 and 11700 levels.
Please see the levels in the chart. Nifty Major Support @ 11770 to 11800. It will be a positive view if Nifty will hold this support and in any case, if Nifty will come to this range it will be the buying opportunity.
Next resistance for nifty is 11860 which is Nifty's 20 DMA on the daily chart. Sustaining above 11860 Nifty may test 11920 which is its...
As you can see in the chart that Nifty is clearly maintaining its downtrend from its top @ 12100.
For the Intraday best way to trade is to buy from the support level and sell from the resistance level.
According to the data, option writers are writing 11700 calls very heavily on the other side put writers doesn't show confidence @ major support 11600 (OI...
Please see the support and resistance in the chart.
The nifty range is 11600 to 11800. PCR is also oversold so expecting one bounce in Nifty.
Support Levels are: 11600 and 11640
Resistance levels are: 11730 and 11800
The trend will be positive if Nifty will close above 11800.
Please refer my Nifty Posts on Friday. As I mentioned in that post-Nifty moved 190 points downside.
For tomorrow also my view is negative but if you are trading in intraday then don't think that you will get one-way fall. There is major support @ 11595 to 11610 and Major resistance @ 11685 to 11700.
Also If Nifty break 11590 level then doesn't think it will...
As you can see in the chart that reliance is in strong downtrend from the 1400 level. Also, there is a gap between 1278 to 1303. It is taking support from 1303 -1307 and show a bounce back. Also, there is a 100 DMA @ 1302. 1335-1340 is a major resistance and there is a huge OI in 1340 call writing. So it is difficult to sustain above 1340.
So now 1340 is major...
AS you can see in the hourly chart this stock is in strong downtrend from 1074 level on the hourly chart. If Ajanta pharma will not sustain above 980 on the hourly chart then it may test lower levels @ 920 and 900.
If it will sustain above 980 then also there is a major resistance @ 1000-1010 level.
In this scenario, the best way to trade is sell 1000 call.
Nifty was taking support @ 11850 which is 18th April high and also its a 20 DMA level.
Yesterday Nifty was not able to sustain above this level and closed below 11850. I think It's a first bearish sign.
If Nifty will not sustain above 11850-11870 then another lower range will open which is 11850 to 11750 (11750 is August 2018 High). If you see the intraday...
Micros and Global markets always impact on Indian stock market.
I am sharing some interesting data for Currency, Crud, DJI and Hang Seng.
USDINR give a breakout on yesterday. It may test 70-70.16-17.36 levels in the short term.
For the Brent Crud, $64 is major resistance. Above $64 it may be strong and below $64 it may test $60 - $58 levels.