PowerTrades

NIFTY Futures Trade Setup and Plan 19 Nov

NSE_EOD:NIFTY   NIFTY 50
29 1 0
NIFTY             Futures: Just yesterday we discussed that 7850 continues be the achillies for NIFTY             and until convincingly taken out we are not going to see aconclusive breakout. On the downside we discussed a break of 7820 can provide a low risk trade and what a trade it was , a trade which yielded nearly 80-100 points with a 30-40 points risk. now that NIFTY             has breached 7800, 7780-7800 range will be the trend decider. If markets sustain above it expect a reversal in trends.Below it markets will continue to trade in the direction that has emerged today. 7850 will be a tough swing hurdle going forward. A break above it will only signal a resumption for the bulls
Comment: Nifty Futures: Seemed to have a more stronger day than the Banknifty futures, this is owing to a strong pull back Reliance charts. NiFTY futures is back to teasing the 7850 zones. A move above 7850 will push it higher to test the 8030-60 zones in the coming sessions. on the downside again contrarian shorts can be taken once NIFTY futures manages to sustain below the 7820-7800 zones. apart from that its pretty much a non action zones. I did rather wait for one of these levels to be taken out and intiate a trade.
O.K.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out