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Indianmarket

NIFTY 50 is testing important resistance now.Hello Everyone, This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are; 1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump. 2) If we continue trend above 16000, (possibilities are slightly high) next strong resistance is between 16150 to 16300 . we should see strong pull back from this levels to 15800 . American market is following the same trend. So trade carefully. #IndianExchange #NIFTY50 #StockMarket
NSE:NIFTY
by Mr_Mainra
Next week is the last ray of hope for the bulls! Last week came like a brain freeze for traders where we saw tremendous volatility on both side but ultimately bears got the final hold. In my last two posts on #Nifty, we predicted a correct Wave C to unfold and that what exactly happen in last week. We are moving towards a near term target of 16100 on indices. But next week is crucial because we MIGHT test 15900 which is a downward trending channel support and also the last ray of hope for the bulls. If we trade below the channel then be ready for a night more on the Nifty... P.S. Just a warning for the bulls !
NSE:NIFTYShort
by KushGhodasara
Indian Market: Killzone for a beautiful controlled loss.I explain what I mean by a beautiful controlled loss. Some traders don't want to hear about losses, though it's about the most important thing in trading. The position shown is a paper-trade. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
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by Captain_Walker
CHANCES FOR NIFTY TO FALL ?Only an illustration of market considering a long term in monthly chart. The big question is will history tend to repeat itself?. The analysis shown here is just a view on the market considering the theory behind the market and also taking into account about the 100ema as well as possible retracements. This is why the market needs to be approached by a completely neutral position. React accordingly, catch the big bull if markets collapse to similar levels
NSE:NIFTY
by ASHIKTRADEBOX