NIFTY INDEX VIEW
Updated
NIFTY WEEKLY CHART ANALYSIS
-SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES
-REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE
-WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY
-BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT
-DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS
-BUT EVENTUALLY GAVE IN
FIBO-LEVELS
-CURRENTLY MARKET REVERSED FROM ITS 50% RETRACEMENT LEVELS ON THE INDEX
-ALMOST SAME LEVELS ARE VISIBLE ON DAILY CHARTS
NIFTY DAILY CHART VIEW
-IF ANALYSIS ARE TRUE ON THE FIBO AND PRICE ACTION WE CAN CONFIRM THAT WE MIGHT HAVE SEEN A !!DEAD CAT BOUNCE!!
-DAILY CHART SHOWS NEAR SUPPORT AT 8910-8950 AS SUPPORT ZONE
-BUT SEEING THE MARKET REACTION ON MONDAY MAY CAUSE THIS SUPPORT TO BE A WEAK ONE
NIFTY VIEW
-PLEASE NOTE TRADE WITH CAUTION
-I AM NOT USING ANY INDICATORS E.G MOVING AVG ,RSI,MACD ETC.
-REASON BEING THAT THE VOLATILITY IS SO HIGH AND DAILY MOVEMENT IS CAUSING LOT OF DATA TO BECOME OBSOLETE/MEANINGLESS
-THERE WAS NO ROCKET SCIENCE THAT NIFTY WOULD REVERSE FROM LEVELS OF 9950
-WE ALL KNEW IT WAS A CRUCIAL RESISTANCE TO CRACK WHICH WAS POSSIBLE ONLY BY EXTERNAL FACTORS
-EXTERNAL FACTORS
-NOISE FROM THE MARKET(NEWS)
-DEVELOPMENT OF CURABLE DRUG/VACCINE FOR CORONA-VIRUS
-STIMULUS PACKAGE BY THE GOVT.
-REMEMBER EXTERNAL FACTORS MAY CAUSE THE SHIFT IN THE MARKET DYANMICS BECAUSE AS OF NOW MARKET IS ABSORBING THE NEWS GOOD OR BAD
NIFTY TRADE VIEW
SHORT@9350-9380
STOP@9550
TARGET-1@9120
TARGET-2@8970
PLEASE NOTE:-RATES ARE ACCORDING TO SPOT LEVELS
!!PLEASE WATCH OUT FOR INTRA-DAY TRADE VIEW ON STOCKS AND INDEX FUTURES!!
!!STARTING FROM TUESDAY!!
!!9:30-10:00 A.M!!
!!QUESTIONS ONLY AFTER MARKET HOURS!!
!!HOPE TO START THIS FRESH SEGMENT ON REGULAR BASIS FROM NOW ON!!
!!PLEASE PING ME FOR ANY STOCK RELATED QUERIES WILL BE AVAILABLE!!
-SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES
-REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE
-WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY
-BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT
-DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS
-BUT EVENTUALLY GAVE IN
FIBO-LEVELS
-CURRENTLY MARKET REVERSED FROM ITS 50% RETRACEMENT LEVELS ON THE INDEX
-ALMOST SAME LEVELS ARE VISIBLE ON DAILY CHARTS
NIFTY DAILY CHART VIEW
-IF ANALYSIS ARE TRUE ON THE FIBO AND PRICE ACTION WE CAN CONFIRM THAT WE MIGHT HAVE SEEN A !!DEAD CAT BOUNCE!!
-DAILY CHART SHOWS NEAR SUPPORT AT 8910-8950 AS SUPPORT ZONE
-BUT SEEING THE MARKET REACTION ON MONDAY MAY CAUSE THIS SUPPORT TO BE A WEAK ONE
NIFTY VIEW
-PLEASE NOTE TRADE WITH CAUTION
-I AM NOT USING ANY INDICATORS E.G MOVING AVG ,RSI,MACD ETC.
-REASON BEING THAT THE VOLATILITY IS SO HIGH AND DAILY MOVEMENT IS CAUSING LOT OF DATA TO BECOME OBSOLETE/MEANINGLESS
-THERE WAS NO ROCKET SCIENCE THAT NIFTY WOULD REVERSE FROM LEVELS OF 9950
-WE ALL KNEW IT WAS A CRUCIAL RESISTANCE TO CRACK WHICH WAS POSSIBLE ONLY BY EXTERNAL FACTORS
-EXTERNAL FACTORS
-NOISE FROM THE MARKET(NEWS)
-DEVELOPMENT OF CURABLE DRUG/VACCINE FOR CORONA-VIRUS
-STIMULUS PACKAGE BY THE GOVT.
-REMEMBER EXTERNAL FACTORS MAY CAUSE THE SHIFT IN THE MARKET DYANMICS BECAUSE AS OF NOW MARKET IS ABSORBING THE NEWS GOOD OR BAD
NIFTY TRADE VIEW
SHORT@9350-9380
STOP@9550
TARGET-1@9120
TARGET-2@8970
PLEASE NOTE:-RATES ARE ACCORDING TO SPOT LEVELS
!!PLEASE WATCH OUT FOR INTRA-DAY TRADE VIEW ON STOCKS AND INDEX FUTURES!!
!!STARTING FROM TUESDAY!!
!!9:30-10:00 A.M!!
!!QUESTIONS ONLY AFTER MARKET HOURS!!
!!HOPE TO START THIS FRESH SEGMENT ON REGULAR BASIS FROM NOW ON!!
!!PLEASE PING ME FOR ANY STOCK RELATED QUERIES WILL BE AVAILABLE!!
Note
NIFTY CHART DAILY VIEW
Note
SGX IS INDICATING A START ABOVE 9380I AM LOOKING OPENING NEAR OUR LEVELS
BUT WE NEED NOT CREATE POSITION IN THE OPEN
A RISE TO 9420-9450 IS IDEAL TO CREATE POSITION
STOP WILL INCREASE TO 9600
Note
POSITIONAL TRADE ACTIVE SHORT@9450-9460
STOP@9600
TARGET-1@9120
TARGET-2@8970
Note
RATES ARE AS PER SPOT PLEASE ADJUST FOR FUTURES
Trade closed: target reached
!!FIRST TARGET WAS HIT!!!!RISK AVERSE TRADERS BOOK YOUR PROFITS!!
!!TRADERS HOLDING FOR A LOWER LEVEL TRAILING STOP IS @9280!!
!!WAIT FOR FURTHER UPDATES!!
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