Nifty Intraday Trade setup for 07 February 2020Hello Everyone ,
We had seen a bull run yesterday in Bank nifty index but nifty is steady on their resistance . Remember Nifty decide the market trend and momentum . Bank nifty most of run is trap and setup from manipulators as you can see that Nifty has made a spinning top candle on their resistance area. Yesterday candle high low is very Important for today intraday. Wait for 12160 to build your long and short opportunity can get below 12080
Regards
Viru
Niftyshort
Nifty long term viewNifty is moving down as posted in the previous update (link attached) which also has the short term view. For the long term, it seems that this move could eventually go to 10,000 giving an expanded flat pattern or 10,300 in case of a truncation.
(There's a remote chance that this is the start of a bearish market, but that'll get validated later).
NIFTY50 WAVE ANALYSIS 10 JUN 19Hello Traders,
Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern.
This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and this to again 10000 level on second half of this year.
My Entery Point On Coming Months:
SIDE : SHORT
Sell @ 12230 -- SL @ 13000 -- TP1 @ 10800 -- TP 2 @ 10000
Nifty This Week entry with 1:3 RR RatioNifty has Formed Negative Divergence on Weekly chart and also closed below Monthly Resistance level of 11750. Nifty May Come down to fill the gap near 10700-10680 But entry near 10640-10650 Will provide us good risk reward ratio for 12000 Target.Risk Reward for this trade is 1:3
NIFTY: Correction Will be Continoue upto 9500 !!NIFTY 50 are taking Some Correction after Big impulse.
Trying to makes Falling Wedge which is Reversal Pattern.
if Wedge makes then we can see Nifty 9500 Support Level.
then we can see a Bounce back upto 12500.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NIFTY Approaching Resistance, Potential Drop! NIFTY is approaching our first resistance at 1159.03 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 11292.70 (100% Fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price.
NIFTY may have not had its crashIf you overlay the SPX from its last low on May 3 to the NIFTY chart, there is a very good fit up to the top, and the recoveries are similar to the SPX on Nov 7 and Dec 3. This suggest NIFTY may not have had its crash yet (although optimists would say NIFTY was ahead, fully corrected and recovering).
January will tell, but there is little support before the Sep 16 pre-Trump 8960 support, which is a long way down.