Hello friends, Hope you guys have done good in the last week and made some good money from the trading. I had seen that lot of peoples want to trade in Nifty and Banknifty Index just because of the volatility. I do agree that Index always has an opportunity for a knowledgable trader but the worst part is Index momentum is very hard to predict in the Intraday and...
Nifty appears to be forming H&S top, with one leg up if we break then might be able to see 10,000 by November towards US election month. 10,000 also align to H&S top target, let see how this play out.
#nifty50 has reached an important level i.e 11200, Why Important - As its a level from where we had seen straight fall in nifty50. Current Price Action Observation Check the size of the candles of the last two rallies, most of them were indecisive candles. Check the difference between the peaks, they are contracting. Currently, price action, suggesting that the...
This Week Nifty Level As per My View is 11200 up side (strong resistance) and 10500 down side (strong support). This idea is sharing only for learning purposes.
The channel here contains all the price action that has happened from March Lows. Currently this channel has enough room on the upside to allow for any major rally. If the worst is over than this channel should continue to hold and we will only witness a breakout on the upside eventually. On the contrary if we see that prices break below the lower trend line it...
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...