Nifty forming Bull Bat But Bears will Pull down if reaches level
Sorry Guys Had Some work Posting Now.
Since Bears not giving up and bad market news Nifty crawling, Lets analyse what it can do on 6th Sept.
Nifty forming a Bullish Bat, To become active market has to come down to 10696.
Once it comes down, Since FII is pulling out all investment back we may see further down in the market. So be careful.
RSI divergence in Daily time frame. and trying to take support @40.
Nifty probably open gap down around 10800, we will see if it goes up and comes back we can enter in the trade for short side, target 10760, 10730, 10700. hen it reaches 10697 we have to see if any bullish pattern is getting formed, then we can enter for a long trade with a tight SL, of 10680.
sell below 10810
target 10760, 10730, 10700
SL 10840
Buy above 10881
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above
If a gap down happens then wait for pullback then enter for Sell/buy @the levels seeing 5min rule.
Cheers!!
Since Bears not giving up and bad market news Nifty crawling, Lets analyse what it can do on 6th Sept.
Nifty forming a Bullish Bat, To become active market has to come down to 10696.
Once it comes down, Since FII is pulling out all investment back we may see further down in the market. So be careful.
RSI divergence in Daily time frame. and trying to take support @40.
Nifty probably open gap down around 10800, we will see if it goes up and comes back we can enter in the trade for short side, target 10760, 10730, 10700. hen it reaches 10697 we have to see if any bullish pattern is getting formed, then we can enter for a long trade with a tight SL, of 10680.
sell below 10810
target 10760, 10730, 10700
SL 10840
Buy above 10881
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above
If a gap down happens then wait for pullback then enter for Sell/buy @the levels seeing 5min rule.
Cheers!!
Comment:
Not got any entry yet. But scalped for 5 points in option.
Comment:
No clear movement for Intraday, for risky swing our analysis was done way long back. Since intraday we trade we take our steps very cautiously.
Comment:
My target done, don't want to take risk.
Trade closed: target reached
Comment:
sell below 10810(Did not come to this level)
target 10760, 10730, 10700
SL 10840
Buy above 10881 (Activated.)
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above
target 10760, 10730, 10700
SL 10840
Buy above 10881 (Activated.)
target 10920, 10960, 10980
Another Buy option is the Bat pattern D Leg @10696 as described above
Comment:
All Read the Captions- (Subject line) it tell all, and more in Description.
Comment:
And make sure you book profit!!!