dhananjay.d.joshi

Nifty Technical Analysis for coming weeks

NSE:NIFTY   Nifty 50 Index

I have mentioned the important points on zone. In addition to that please keep following things in mind while trading.

1. At current market price we are in no trade zone.
2. Longs created at our time and price bottom can be held for price conformation for exit. As we are approaching the resistance zone just above the price we can experience nice selling pressure.
3. Supply zone above the price can be easily used to design the short trade. :-)
4. One more important thing will happen if price moves to 10126 area. Price will make double top on daily chart which itself is an amazing trading opportunity.
5. If price falls from current point only then Demand zone below the price may offer long opportunity to aggressive traders.
6. Please keep check on dates which i publish in the analysis, these dates give us advantage of time in decision making.
7. Fibonacci levels are also marked on chart.
8. No trade shall be initiated without price conformation. Please take trading calls according to your own trading strategy. I am just trying to highlight the possible points where price may turn the course.

Time analysis...

In last analysis our imp dates were.

"From today following dates may play important role in price trend.

11/8/2017 and 15/8/2017
23/8/2017 and 24/8/2017
1/9/2017 and 4/9/2017"


In coming weeks following dates may play important role in the price trend.

15/9/2017 to 17/9/2017
27/9/2017 to 29/9/2017
9/10/2017 to 11/10/2017


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