Seeing the Sgx nifty, we can expect nifty to opens gap up. Tomorrow, If we see nifty opens gap up by 300 points or so, at 9560 it could take a halt for a while and can move towards 9700 levels. And if it opens above 9770 then it can take support at 9550 levels and then move towards 9700 levels. Major support for gap up opening is around 9400 -9380 levels
Last week candle was a big bullish candle which opened near its low and closed near its high however the said candle looses its importance because its formed at multiple price resistance . Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down opening in our markets. Support levels for coming week 9250, below...
Nifty has done Rising Wedge formation. Rising Wedge is a bearish continutaion pattern. The previous Downtrend + A Rising Wedge = Possible Downside Breakout. Caution: avoid trading until the breakout is confirmed.
Hi Traders, I found an opportunity on Nifty 50, as the market is consolidating from a few trading sessions. Type of position:- 1. Buy Call Option 2. Write Put Option (Sell Put option) 3. Buy Nifty 50 Future Entry:- 8290 Target:- 8500 Stop loss:- 8125 Terms used on the charts are my own a. Fakers:- It means institutional traders are driving the market ahead to...