InsiderB
Short

Nifty 50 Bearish (Short Term), continues downtrend move

NSE_EOD:NIFTY   NIFTY 50
10 months ago
NSE_EOD:NIFTY             which is traded in NSE,Mumbai & scrip name as Nifty             Futures January is likely to continue its downward move and possibly reach around 7250's.

We know that Gaps act as Resistance/Support and check your trade plans to place stops around that region NSE_EOD:NIFTY             from 7650's to 7750's.

Possible Targets around 7200's to 7250's and its more likely to move there if Bearish Trend Continues.If that suits your risk profile and plan take Nifty             50 [Nifty Futures} short positions to ride the downtrend.

Reasons : We are below our Support turned Resistance, perfect Doji formed and the next candle close is also below our marked resistance level,so potential downtrend move continues.
10 months ago
Comment: Please Leave your Comments/Ideas below...

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pai56kota
10 months ago
Thanks for analysis through chart. After today's down move, the next immediate support I think around 7230.
+1 Reply
InsiderB pai56kota
10 months ago
@pai56kota, Yep ! You are Right, It will be in that region of 7200's
+1 Reply
atri
10 months ago
please send daily news letter about nifty,n.sridharan50@gmail.com
+1 Reply
InsiderB atri
10 months ago
That will be difficult atri..Because in Trading view we can publish only ideas on Daily timeframe and weekly trading Ideas posting is possible. I hope you understand
Cheers...Happy Trading :)
Reply
InsiderB atri
10 months ago
Tradingview doesn't offer intraday time frame for Nifty & Stocks...if its available in future...I can post for Nifty Daily
Well, anyways I can do that in My Twitter account whenever I get into a trade !
Reply
pai56kota
10 months ago
Sir, today Nifty made a low of 7241.50 and closed at 7309.30. Hope, Nifty will take a "U" turn from here. Otherwise, it may fall upto 6600. What is your view?
+1 Reply
InsiderB pai56kota
10 months ago
You're Right ! Probably Expiry 7100-7500...Let's watch...Bcos Market is always Right..
+1 Reply
pai56kota InsiderB
10 months ago
Thanks for the information. In that case, nifty may move down around 7120 in it's channel movement till expiry.
+1 Reply
InsiderB pai56kota
10 months ago
You're Welcome :)
Reply
AMBRISH
10 months ago
Thanks for posting chart with risk/reward, Any Update for expiry.
+1 Reply
InsiderB AMBRISH
10 months ago
Thanks for the Support Ambrish !
Still am expecting Nifty expiry in 7250 - 7500's, but if Daily close happens above 7550's then expiry will be above that.
Let's see what market offers Us :)
Reply
AMBRISH InsiderB
10 months ago
Thanks Bill,
I liked your efforts you have been taking on updating.
+1 Reply
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