Long & Short As Per My Analysis Chart or You Can Also set Own Risk reward. Let see what Will be Next Move on .Risk Warning- I m Not a Financial Advisor This idea Only For Educational Purpose Only. Thank You !! Dragon Club (iNDIA).
Looks like we have formed near term bottom here. My sentimental RSI has turned green. So don't short nifty now , be long.
50 day moving average around 11500 can be big resistance. I wound but Aug 11000 call option and sell 11500 call option.
Going long has high probability on making money.
Happy Trading !!
Avoid going long on Nifty for short term . Long term trend is still bullish, 50 SMA is green, but on short term RSI is moving down and VIX in moving up. Avoid long on Nifty .
Happy Investing !!!
Nifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
Nifty Is in Strong Uptrend since mid march. Expecting Some Profit Booking Near 52 Week high of 11750 in this Week or maybe Next Week.11750 is strong resistance which would be difficult to cross as no fundamental trigger this week.Risk reward in Both trade is 1:2.Risk Only 1% of Your Capital.
NIFTY FORMED A BEARISH CANDLE ON DAILY AND WEEKLY CHART
200 DAY MA ACTING AS A RESISTANCE
MACD ENTERED INTO BEARISH ZONE
10500 ACTING AS SUPPORT
SO GO SHORT FOR THE TARGET OF 10500
NIFTY SUCCESSFULLY BREAKS THE RESISTANCE AND SUSTAINED ABOVE LEVEL FORMED INDECISIVE CANDLE IN DAILY AND WEEKLY CHART.
NOW IT IS TESTING PREVIOUS RESISTANCE ACTING AS A STRONG SUPPORT AT 10930 LEVELS
NIFTY IS ABOVE ALL THE MOVING AVERAGES (50,100,200 DAY)
MACD TURNED INTO BULLISH
IF IT SUSTAIN ABOVE 10930 MARK IT IS GOOD TO STAY LONG....
IT DOESN'T MEAN TO GO...
NIFTY 50 are taking Some Correction after Big impulse.
Trying to makes Falling Wedge which is Reversal Pattern.
if Wedge makes then we can see Nifty 9500 Support Level.
then we can see a Bounce back upto 12500.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only....
Nifty seems to have taken support close to 61.8% retracement level (10526). This rally can extend to 11000/11300. All views expressed for education purposes only.
Nifty in bearish mode.
Nifty making Bear flag pattern as seen in the graph.
Nifty will not touch 11000 anytime soon.
Breaking the flag will take nifty 1000 points downwards within a month.
Please read description on chart.
Please note that this predictions are purely based on technicals so any negative or positive news can overrule this prediction.
NIFTY is showing signs of pullback. Logically macro reasons are the cause of this fall and such falls cannot sustain without strong fundamental reasons. A pullback to 11250 is suspected. Keep holding
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