NIFTY INDEX VIEW

NIFTY WEEKLY CHART ANALYSIS
-SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES
-REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE
-WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY
-BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT
-DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS
-BUT EVENTUALLY GAVE IN

FIBO-LEVELS
-CURRENTLY MARKET REVERSED FROM ITS 50% RETRACEMENT LEVELS ON THE INDEX
-ALMOST SAME LEVELS ARE VISIBLE ON DAILY CHARTS

NIFTY DAILY CHART VIEW
-IF ANALYSIS ARE TRUE ON THE FIBO AND PRICE ACTION WE CAN CONFIRM THAT WE MIGHT HAVE SEEN A !!DEAD CAT BOUNCE!!
-DAILY CHART SHOWS NEAR SUPPORT AT 8910-8950 AS SUPPORT ZONE
-BUT SEEING THE MARKET REACTION ON MONDAY MAY CAUSE THIS SUPPORT TO BE A WEAK ONE

NIFTY VIEW
-PLEASE NOTE TRADE WITH CAUTION
-I AM NOT USING ANY INDICATORS E.G MOVING AVG ,RSI,MACD ETC.
-REASON BEING THAT THE VOLATILITY IS SO HIGH AND DAILY MOVEMENT IS CAUSING LOT OF DATA TO BECOME OBSOLETE/MEANINGLESS
-THERE WAS NO ROCKET SCIENCE THAT NIFTY WOULD REVERSE FROM LEVELS OF 9950
-WE ALL KNEW IT WAS A CRUCIAL RESISTANCE TO CRACK WHICH WAS POSSIBLE ONLY BY EXTERNAL FACTORS
-EXTERNAL FACTORS
-NOISE FROM THE MARKET(NEWS)
-DEVELOPMENT OF CURABLE DRUG/VACCINE FOR CORONA-VIRUS
-STIMULUS PACKAGE BY THE GOVT.

-REMEMBER EXTERNAL FACTORS MAY CAUSE THE SHIFT IN THE MARKET DYANMICS BECAUSE AS OF NOW MARKET IS ABSORBING THE NEWS GOOD OR BAD

NIFTY TRADE VIEW
SHORT@9350-9380
STOP@9550
TARGET-1@9120
TARGET-2@8970

PLEASE NOTE:-RATES ARE ACCORDING TO SPOT LEVELS

!!PLEASE WATCH OUT FOR INTRA-DAY TRADE VIEW ON STOCKS AND INDEX FUTURES!!
!!STARTING FROM TUESDAY!!
!!9:30-10:00 A.M!!
!!QUESTIONS ONLY AFTER MARKET HOURS!!
!!HOPE TO START THIS FRESH SEGMENT ON REGULAR BASIS FROM NOW ON!!
!!PLEASE PING ME FOR ANY STOCK RELATED QUERIES WILL BE AVAILABLE!!

Comment:

NIFTY CHART DAILY VIEW

Comment:

SGX IS INDICATING A START ABOVE 9380
I AM LOOKING OPENING NEAR OUR LEVELS
BUT WE NEED NOT CREATE POSITION IN THE OPEN
A RISE TO 9420-9450 IS IDEAL TO CREATE POSITION
STOP WILL INCREASE TO 9600

Comment:

POSITIONAL TRADE ACTIVE
SHORT@9450-9460
STOP@9600
TARGET-1@9120
TARGET-2@8970

Comment:

RATES ARE AS PER SPOT
PLEASE ADJUST FOR FUTURES

Trade closed: target reached:

!!FIRST TARGET WAS HIT!!
!!RISK AVERSE TRADERS BOOK YOUR PROFITS!!
!!TRADERS HOLDING FOR A LOWER LEVEL TRAILING STOP IS @9280!!
!!WAIT FOR FURTHER UPDATES!!