Today we are discussing ind50usd, because it gives a good clarity on how we shud trade in nifty.
As in50usd is trading in a parallel channel. Consider buying or selling at green trend line when it comes. From that position 300 points straight run will come.
Join my tele channel named banknifty harmonics and price action.
SGX NIFTY which is traded based on our indian NIFTY, will give you an ADVANCED movements before our market opens.
This will give traders an edge to take or quit positions ,sometimes loss of sleep also!
Elliot waves should be drawn as per cash markets(as per Glen neely) But there is nothing wrong since this future is the mainly traded by matured participants unlike...
Nifty Update (08 September 2021)
The market snapped its three-day winning streak after a volatile session.
Here’s the trade setup for today:
17,440 is an important key-level for the day as Index has tested the level multiple times & took resistance.
We going to open a long position only above 17,450 if the price closes and...
Nifty Update (31st August 2021)
Nifty rose 225.85 points or 1.35 percent to its record closing of 16,931.05. It touched an all-time intra-day high of 16,951.50 in the previous trading session on 30, August 2021
According to IND50 data, we are likely to see a flat to a negative opening in the Indian Indices.
Welcome to this analysis about IN50USD, we are looking at daily timeframe perspectives. Nifty in recent times heavily increased with bullishness however it now moved into an overbought condition. Nifty is developing here that will be a decisive factor in the upcoming times. I discovered the main formation Nifty is developing here that will be a decisive...
The Indian Market has seen some an insane frenzy of bullishness in recent weeks. Favourable PMI numbers and overjoy about expanding economies have led the gamblers to go north like nobody's business in the last few days.
Errh.. they forgot about supply chain bottlenecks. 🙄
The interesting thing about this position is what it 'makes'' you think - or is that...
Good morning Traders,
The IN50USD is trading on a crucial level. The index is making a range and also a demand zone at 15,750 to 15,830 level. Here we have two buying ideas First is from 15,740-15,750 levels, Second is above 15,830.
Stoploss or risk is less here and target on the upside is 15,992 (first) & 16,023 (second). If I calculate the risk to reward...
Do take note that I believe the market has been ranging for the IN50.
But as my indicators show it is a long opportunity.
Based on this information, managing the trade is a priority as it would be for any other trade.
If you look back, in July I took a small loss. I should be in this trade a couple of minutes before market close, as time differences will close...
This looks like a channel, so I say it is a channel. The interesting thing about channels is that you will almost never get all price points on the lines. Price can break up and out then return in, or break down and out and come back in, or break totally out and stay out.
But it's an opportunity for those who plan carefully.
Stay safe. Don't get the Indian...