CAPITALCOM:DE40 Falling Wedge Pattern (Weekly)
The index is testing resistance of the falling wedge once again for 5 weeks in a row.
Weekly candle close above 400 will indicate a breakout from the downward trend with a target of 16,200 if the breakout sustains.
Good Luck!
CAPITALCOM:DE40 trading below support 14110 and testing 14060 support at the moment.
Support Levels: 14110, 14060, 14040, and 14,000
Resistance Levels: 14,110, 14,133, 14,140, 14,150, and 14,160
Seems like a sideways market today!
Possible Options Strategies:
1) Iron Condor
2) Iron Butterfly
3) Short Strangle
4) Short Straddle
Good Luck!
After rejection from resistance at 17,660 Nifty broke below the support of 17,585 and currently trading just above support of 17,500.
Watch the video for full details of Nifty's trading levels derived from Gann Analysis.
S1 500
S2 485
R1 585
R2 660
Good Luck!
Details are in the Video.
WATCH!
Support: 14010, 13950, 13,900
Resistance: 14,080 AND 14,180
Gann Angles from S1, S2 AND R1 Support and Resistance levels. Looks like another sideways market today.
GOOD LUCK!
