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omvats1
Jan 6, 2024 3:09 AM

Aspiring Gift Nifty at test again 

GIFT NIFTY 50 INDEX FUTURESNSEIX

Description

Gift Nifty now at test from 2 monthly trend lines. its moving in a channel with sub zones now at top of that zone and a below a very old trend line

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January 1st

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12M

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day

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how many of visitors are able to understand the channel /this idea ?

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closing this idea, thanks

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nifty 2 important level high of monthly bollinger 26500 (dynamic)

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high of 12M bollinger around 26320 which is the most important level

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red lines are 12M levels here

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21260 but dynamic

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nifty low 21192
yellow line and close grey line

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21453 is an important next month level for the nifty perfectly respected other one quite higher

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not a perfect one but following it

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perfect gap up opening 21894

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don't know how it behaves here 😊

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1st bias it will act as support but above white line is a monthly line

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slight change in pattern

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go through my comment posted 7 hrs ago

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almost closed near weekly line

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took resistance at green level day line

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if not able to hold

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changed its path

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trying to close above the weekly inside bar level , also new possible monthly levels (normal)

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Comments
omvats1
i just show the possible patterns, and, try to match it with a time frame, i'm not a bull or a bear, i let market decides the direction, but, pattern levels are my caution points, i have very little experience compares to most,just completed 3 years of trading, never read any book on trading, paid market heavily for learning ,especially, psychology and determination to follow the rules at any cost, but still have strong believe that "price follows the historical patterns and creates new one for the future, whenever these pattern intersects or when these pattern got intersected with important timelines, it result in some event/news which guides the price further sharply , price always moves in pattern for stability like electrons moves in various shell and try to gain energy to change those shell, there are always many pattern's working in each time frame, price choose one of it, at a same time 1m pattern showing a down pattern while a 4H opposite of it, if price is interested in those pattern it will satisfy both",
hhitusbi
31st Gap Down 200 points ????
arvine11
what is gift?
omvats1
@arvine11, indian index future trade able in dollars
arvine11
@omvats1, thank you sir
omvats1
@arvine11, gift is the name of a city , special zone for financial businesses, its the same index which is traded on Singapore exchange (SGX Nifty) located in Gujarat a state of India
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