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Nifty Trade Setup For Day Or swing Trader !Hello guys, What are you doing? As you saw from last 4-5 days nifty Is riding between 9750-10000 level Consolidation between the same zone, When the price is consolidation between the same zone its means we will see a big move in nifty in upcoming days either its bullish or bearish. Bt According to elliote wave setup currently we are riding on 4 the wave-making Bear flag as you can see in chart I am bearish in nifty for target 9600-9400-9200, You saw an inverse cup and handle pattern, it makes our winning ration more success in trades So what will we do next? Make your view In short sight until Price is not riding above control price, Nifty is weekly support 9720 if it will break in next week we seen Price toward our target. I am shorting nifty below 9820 For Target 9750-9700-9650 ( Day trader ) Short nifty below 9720 for Target 9600-9500-9400 (Swing Trader ) Between this range, you will see up and down moves so book your profit in this market or using trailing stop-loss in trades Please like if you like my analysis Thanks
NSE:NIFTYShort
by Trading_buddy
6
ridethepig | The Revolutionary IdeasA good time to update the chart in Indian Equities (NIFTY) for those following the EM story... If you take a closer look at the below diagram " Top is in for the year.. " you will see that it is above all directed against an arithmetic conception of the 5 wave sequence from the cycle lows. What is crucial is simply the greater or lesser degree of mobility which the Indian currency has possessed from both the monetary and fiscal side; if intervention occurs from the CB it is going to mark the end of the weakness for India, and unlock a new chapter for the next generation! What it boils down to is always the "intrinsic value" of the local economy (deriving from the global skeleton present) which is a cumulative count of productivity, confidence and similar matters of form. There is a strategy which every hypermodern investor should take note of. I mean the continuity of the advance from 8542 support. Once the support began holding, then and only then may we consider the mass as more attractive because only then have the elements been mobilised. The previous swing did not fail to excite lively interest, since the previous update the INR weakness is now starting to show signs of exhaustion and should be treated with extreme caution. In spite of fine play, the INR is protected at the highs and is giving Shaktikanta Das a free hand to play monetary policy on the retrace. How can India mess this up? ... An elegant breakup in Indian Equities over the coming years does not seem too fancy! As usual thanks for keeping your support coming with likes, comments, charts, questions and etc!
NSE:NIFTYLong
by ridethepig