Nifty 50 index is still in a range of 8900-9300 for the past 2 weeks. No clear trend is visible for the time being for this week as of now. Any close on 15 min time frame chart this week, looking for these levels Minor Long Above : 9350 Minor Short Below : 8900 Longer term trend remains on downside, so in case we get a close below 8700 on Nifty 50 on hourly...
Nifty at weekly resistance , can retrace to 8664. Rise on Sell for the next week , due to volatility prefer not to carry overnight positions.
Sun Pharma bounced back from the resistance can go further down.
Nifty have high probability to go down after pullback
Trend-lines help identify and decipher the haphazard movements and help us anticipate the possible moves we can see for nifty in the next coming days. There is a probability of Nifty making highs upto 9500 levels in the immediate future. Breakout from the trend lines if any to sustain should be supported by the volume. Long term outlook is bearish, but the descent...
Looks like nifty is going to stay little more time in this consolidation. We can see a leading diagonal in its structure and becomes first leg of a ZigZag. Final leg of the ZigZag can be projected accurately once wave B is completed
Good Morning sir's Hope you all did good in yesterday Trading session. Our Trade setup work perfectly. Yesterday Index closed 2.29% in upside . Remember today is expiry day I called this day as " Writers day" . I Think Index will be trade in a range today if we talk bases on yesterday sentiment then most of you're bullish but as I always said everyday is...
As per nifty strong resistence ,i would suggest take sell only if it break the line , And donot expect a short selling rally
sell for short term but put and earn instant bugs 9100 put
NIFTY - EXPIRY TRADE SCENARIO 1 - WAVES MARKED IN RED - GO SHORT @ CMP WITH A SL OF 9199 AND A TARGET OF 8946. TARGET SHOULD BE REACHED BY 11 AM ON 23 APRIL 2020 SCENARIO 2 - WAVES MARKED IN BLUE - GO SHORT @ 9224 WITH A SL OF 9281 AND A TARGET OF 8946. TARGET SHOULD BE ACHIEVED BY THE END OF EXPIRY. HOWEVER FOR THIS SETUP TO WORK, THE PINK LINE SHOULD BE TOUCHED...
Nothing to add much, in such markets i love to fall back to basic rules. For me the most basic rule of the market is Demand and Supply. Market never turns its back towards this system, price will always respect these zones. Other two systems i will prefer after zones is channel and Fibonacci, have used all three in this chart. Mark these levels on your...
above chart will give you idea how one more ascending chart is formed, it might be possible gap up opening but in particular zone.
Tomorrow expiry will be very energetic, as NIFTY is on it's way to 9425. Let's see the 5th WAVE forming! Do like, Comment and share :)
Impulse Wave Completed . Now It Will Followed By Corrective Wave , It Can Be Zig- Zag Or Flat . Will Try To find Trade Set Up In Corrective Wave . Above Corrective Wave is Just For study , It can be zig zag , flat , Or Incorrect Flat Corrective .
Nifty50 forming Bearish Pennant, the first curve is bigger than the second and the third curve is smallest as nifty is showing threshold and strong resistance above 9300 levels forming a small third wave, will complete the bearish pennant to drop to 7500 level.
Good Morning everyone, Yesterday We has seen a major dump in Nifty Index. Total correction is 280 points in Intraday. Sentiment is negative as per we yesterday Negative but as I always said that everyday is different then others in Intraday so do not come on next day on previous day sentiment... Key Factor ============ SGX is almost 71 Points down atm. Dow...
Nifty has posted a perfect sell setup..As expected this negates the previous TD Buy sequential which was in place earlier. Next level of interest is 8352. All points to revisit the lows again at some point. Absolute Retracement from all time highs are 7682 (0.382 retracement Level) and 4748 ( 0.618 retracement level)
you can notice my earlier study on nifty chart for wedges and now in this chart you can notice same gap and coming down to fill out gap, next support zone and opportunity to enter freshly for investment or trading, if you like and want more chart explanation on equity chart like and follow