---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TODAY SELL NIFTY AROUND 5317-5304 FOR A TARGET1-5290, TARGET2- 5270 keep SL-5340
TODAY BUY NIFTY AROUND 5263-5277 FOR A TARGET1-5290
TARGET2- 5310 keep SL-5240
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- TREND LEVELS
NIFTY TREND (DAILY)
Nifty day trend support @ 5262-5257
Day trend is UP
NIFTY TREND (WEEKLY)
Nifty weekly resistance @ 5310
Weekly trend is
in consolidation stage or DOWN
NIFTY TREND (MONTHLY)
Monthly trend
is UP
UP move will
come to an end near 5440 in April
------------------------------------------------------------------------------------------------------------------------------------------------------------------
BULL LEVELS
NIFTY
Synthetic swing BULL (daily) chart
If NIFTY
crosses 5311 then non-stop rally till 5336-5365
U-TURN level(daily) @ 5336
NIFTY
Synthetic swing BULL (weekly) chart
Weekly U-TURN
level @ 5221-5379
A weekly close
below 5221 will confirm
BEARISH
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BEAR
LEVELS
(if thursday's high not taken
out)
NIFTY
Synthetic swing BEAR (daily) chart
If NIFTY
breaks 5277-5270 then non-stop slide till 5259-5256-5248
U-TURN level(daily) @ 5231-5212
NIFTY
Synthetic swing BEAR (weekly) chart
NIFTY
weekly swing support @ 5188
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Sir,
ReplyDeleteIn the above analysis, sell around 5317 and also buy around 5317 given (pivot table). Kindly explain the trade,how to do
Thanks
Bala
Bala,
ReplyDelete5317 is the final resistance for Monday.
If crosses 5317 & stay above for 10-15 minutes then go long with SL-5302 (3rd resistance level or reversal confirmation level)
Why resistance4 has more importance in any intraday or 5317 for monday?
1. Thursday's(ie previous day's) range is 49.4(5298.6(high)-5249.2(low)) & close is 5290.5.
2. Most of the global markets has restriction on any move (either UP or DOWN) by 10% from previous day close(ie called upper/lower circuit)
3. Thursday's range is 49.4, so 10% more on 49.4 is 54.3(49.4*1.1)
4. Monday's range could be 54.3 points, so upper major resistance @ 5290.5 + (54.3/2) = 5317.6, similar way major support level can be determined.
Sir,
ReplyDeleteThanks for the explanation. Please add Bank Nifty,if you have time By this way, nifty will reach the target before 12th April,10 as pointed out
Whether by this method , and relation between RSI values etc are there (for example Nifty will be overbought @ this level on daily basis,weekly basis, monthly basis etc)
Thanks