The whole month Nifty spend time in this marked range. Holding shorts in Nifty needs a lot of patience and discipline. :) Breaking and closing outside of this range can pay off well. For now Shorts looks more favorable than Longs. The initial analysis link:
Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible dowside rally up to 19280 in today's session. in case nifty trades above 19430 level then the upside target can go up to the 19550 level.
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see! Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see! Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Historically, for the last 10 years, whenever there has been a non confirmation between India VIX and Nifty at new highs or lows, it has been a indication of a change in market direction. So unless the ViX falls to a new low, the last high has not been confirmed. For reference the VIX chart is inverted
Dear All, What a beautiful day it was yesterday, which seemed like a perfect “8 ke thaat”. Wherein Nifty had given a beautiful closing of above 17800. Just as we had stated in our weekly analysis on Monday itself, similarly, perfect Piercing Pattern on the weekly chart can push the index towards the level of 17800 and then further to 18170. Moreover, a...