As per my analysis Nifty in on sell on positional view
Sell at 13770
Stop Loss 13905
Target 13010
Target 12400
Have a happy and prosperous new year 2021
Good Morning friends,
Hope you guys doing good and learned something from our chart analysis. Let's talk about the Friday trading session. We have seen a sharp move in downside at the first trading session and the whole move recovers in the second trading session. which is a clear sign that the Index is not going to correct. We all know that the Index is...
India USD and SGX #nifty give a wild move in upside and break the Range. We are also waiting for this range to break but FIIS never gives to eat a single breakout trade on the buying side since June. Most of up moves come with a gap up and we have nothing left in the Intraday. 13600 is becoming the support now.
today Trade setup :
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We...
Nifty Update
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Index stuck in a range and the momentum is missing for a week. the higher level of this range is 13600 and the lower range is 13390
intraday you guys need to consider 13600 for your long position and 13470 for your short. you have only 70 point room on the downside
Nifty Update
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Yesterday's Range is so Important for today's intraday because This range has come on harmonic PRZ in the Hourly chart.
13300 to 13450 this range is Important and can decide the momentum in Intraday. Index behavior is strange and direction is missing. Sell comes from higher levels and buy come from the support.... in short...
Today's market was range bound due to expiry but but tomorrow we can see a trending market. I'm still positive on the market as this market rally is basically fii's buying and they bought 3500 Cr again today, the option chain has has slightly more put writing than call writing but basically the option chain data is inconclusive. All the world index's are hitting...
Nears to a sub triangle breakout inside the main channel, Looks like reaching an end of a trend
If the market opens With
A gap up there can be a small move uptrend followed by a heavy downtrend
A gap down a retest to the same level is possible followed by a downtrend
Close to prev close, We might see a range market or minor uptrend till channel top
The market is moving into a consolidation range after a trend
Inside a larger channel, a minor triangle pattern is formed
** M pattern formed ending today => Possibility of the good down move
If on Monday market opens
Gap up there will be a possible retest and break out upside
near prev the last close there can still be a ranging market continuing
Gap...
NIFTY REMAINS IN UPTREND TILL IT CLOSES BELOW 12900. ONCE IT WILL CLOSE BELOW 12900 FOR TWO CONSECUTIVE SESSION THEN WE CAN SEE SOME 7% TO 8% CORRECTION IN NIFTY. TILL OUR CONDITION NOT MET WE ARE IN LONG POSITION
Nifty could hold on to the gains of today but couldn't seem to breach and hold previous Highs of 12960.
This could very well mean distribution at higher level for an impending fast correction. Especially when we are already seeing bank nifty getting weak.
Reliance and IT were main contributories to this movement but both the counters look to retreat and take...
Good Morning everyone,
Hope you all doing good and made good money last week. Nifty 50 is Trading on their Phycological resistance and harmonic PRZ, We had seen the same thing on the 12000 Level. The index is following the same thing at this point. The current Index range is 13030 to 12720. This 300 Points range shows that how many indexes strong since Sep month....
Index has been trading sideways for the past 5 trading sessions.
If it has to go further up it should trade above and hold 12730 levels in the coming week.
Any decisive close below these levels can see a free fall in the index.
Major support comes around 11900 levels.
Nifty can change the trend any time sooner.
not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp...
symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
in this manner we can observe a market movement here
12020 is the major resistance
11660 is the major support
till the price is in between these support and resistance nifty cannot b said in a trend..
but we can take some short term trades..
here i have them
Nifty has been bearish for quite some time now but, it is going sideways it, hasn't really fallen through. So it would it would not be prudent to short it now. Until it falls below 11600, and the way it has been finding supports it has been like holding on its own, shorting it seems risky.
And long red candles give high stop loss and near supports give very...
As expected, Nifty pulled back today. But, it could not cross the resistance. So, it's dancing between support created by previous breakout and resistance created by previous support. That's a strong support. But the weak resistance held on to its own. And the bearish engulfing candle from yesterday says bearish chart.
Take trade only when the direction is clear...
Hello everyone,
Last week we had given a short from 12000 with 12030. The index high is 1224.55. The index has fallen like a knife from this level and made 11664.00 Low almost 336 Points in the previous week. Hope you guys have made good money last week. Now the main question is what will be our setup for this week and what position we will be preferred in a...
