" CUT YOUR LOSES, CONTROL YOUR EMOTIONS, PROTECT YOUR CAPITAL DONOT GO ALL IN "
Nifty Outlook – Positive on 5 min Time Frame
NSE:NIFTY & NSE:BANKNIFTY Resistance & Support levels : Provided in the video
THANKS FOR WATCHING.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
This video is only for...
Reverse head and shoulders pattern had depth of 1129 points to the head from base. This meant push of 1129 points from base to further up which comes up to 13297.
Nifty seems to have topped at that level and coincidentally that the level of resistance line Nifty has been following since Covid times.
Any closing below 13297 shall open Nifty up for fall to 12400...
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...
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...
Nifty trading around it's all time high but the reality is Indian Markets are ready to fall.I am expecting nifty to fall till 7000 level.Its time bond itano fall any time be careful my dear friends.This is just my view nothing personal.
Nifty has shrugg off covid blues and is back in its long term channel she has been following since Sept-18. 10-12% move in either direction is due now. I would incline to bearish movement because:
1 No news (positive/negative) expected
2. FTSE Rebalancing and effective pouring of FII money already factored into future data since Nov series beginning
ONLY FOR LEARNING.
WE ALL KNOW THAT THIS RALLY IS BASED ON LIQUIDITY
INFUSED BY GOVERNMENT IN MARKET WHICH IS GIVING RUN
UP TO THIS RALLY. WE CAN SEE THIS
RUN UP TO CONTINUE TILL US ELECTION.
ONLY MY OPINION IT CAN BE WRONG.
IF IT BREAKS SUPPORT LEVEL DUE TO
CURRENT WEAKNESS IN MARKET THAN
WE CAN SEE NIFTY GOING TO LOWER LEVEL.
TODAY'S CANDLE IS A SHORT DAY BEARISH CANDLE. ALTHOUGH TODAY'S CANDLE IS BEARISH BUT STILL NIFTY IS IN UPTREND FORMING HIGHER HIGH AND HIGHER LOW WHICH SUGGEST THE UPTREND IS INTACT IN NIFTY WHICH CAN TAKE IT TO NEXT RESISTANCE OF 11550 -11600.
TODAY'S NIFTY WAS UNABLE TO MAINTAIN THE PSYCHOLOGICAL RESISTANCE OF 11500 AFTER GIVING GAP UP OPENING.
ONLY FOR LEARNING
WE CAN SEE THERE IS CLEAR BREAKOUT IN NIFTY BECAUSE NIFTY MANAGED TO STAY ABOVE 11300 LEVEL. TODAY'S CANDLE SHOWS THAT THE STRENGTH EXIST IN TREND BECAUSE IT SHOWED GOOD RETRACEMENT FROM DAYS LOW.
ONLY EDUCATIONAL PURPOSE.