Nifty Weekly TL break Just keep on eye on this channel break for the upcoming Trading sessions. Might this will be a very crucial point.
Niftyweeklyupdate
Nifty Rising Wedge PatternNifty Is making Rising Wedge pattern and can turn bearish once it broke the support trend line. Keep an eye if it's breaking bottom trend line to exit the trade first major support level is at 15433, and next is at 14755.75. Enter downward trade only if it give strong closing (2 consecutive) below trendline. Short term Pivot Levels are given below.
PIVOT LEVELS Classic
R1 15,812.93 R2 15,942.52 R3 16,123.53
PP 15,631.92
S1 15,502.33 S2 15,321.32 S3 15,191.73
NEVER RUN BEHIND THE TRADE KEEP PATIENCE TO GET PRICE TO YOUR DESIRED SUPPORT/ RESISTANCE LEVLES TO ENTER A TRADE
Disclaimer:
The views provided solely for information purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The information presented is for general information purposes only. Although every attempt has been made to assure accuracy, I assume no responsibility for errors or omissions
NIFTY COMMENTARY by Kiran WEEK 15, ABOVE 13,000-bubble rally?Hi Friends,
NIFTY sustained above 13000, so do we see bubble rally?
Not yet we have uptrend resistance line is there, once brake of this uptrend blue line, WILL give us beautiful rally. I AM EAGERLY WAITING FOR THAT RALLY.
it is like once in decade opportunity.
so this week I will go with option 2 BUY HOLD
Your humble trader
KIRAN
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
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NIFTY COMMENTARY by Kiran WEEK 3Hello friends,
This is third week I am continuing the NIFTY analysis.
Nifty Tried to cross the Volatility stop, but cant able to do so. As we discussed last week, if NIFTY can not able to cross above 11500 level then it signals the weakness. In fact this week it did not move above 11500.
BUT WE DID NOT MAKE THE LOWER LOWS YET. (crossing below 11185 level)
Any lower lows will confirm the direction.
So I keep my position with third option.
Which is " WAIT for trend confirmation"
Your humble trader
Kiran
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The five conditions I watch regularly are.
1. BUYing opportunity
2. BUY hold
3.Wait for trend confirmation
4. SELLing opportunity
5. SELL hold.
NIFTY IS IN RANGE BOUND- CONSOLIDATION HAPPENING IN PAST 3 WEEKS, NIFTY IS IN SMALL RANGE OF 400-450 POINTS.
CONSOLIDATION PHASE GOING ON
NIFTY IS TAKING GOOD SUPPORT NEAR 50 AND 100 DAYS MOVING AVERAGE
SO IN TWO WAYS TRADES CAN BE TAKEN
WAY 1
BUY NIFTY NEAR 10950 SL 10850 TARGET 111200-11240
SELL NIFTY NEAR 11300 SL 11400 TARGET 11000- 10950
WAY 2 (WAIT FOR BREAKOUT OUT )
BUY NIFTY F CLOSE ABOVE 11300 SL 11200 TARGET 100450-11500
SELL NIFTY BELOW 10875 SL 11000 TARGET 10600-10500
VISIT MY YOU TUBE CHANCEL FOR LIVE ANALYSIS AND FNO DATA ANALYSIS (WEEKLY)- LINK IS IN BIO
