SGX Nifty Crashed trading below 4900 levels

SGX Nifty 5 min Chart

Currently SGX Nifty is down more than 250points from yesterdays levels and the global cues are strongly unsupportive. Nifty EOD Supports are near the zone 5000-5020 levels breaking this on EOD basis could result in more weakness in the system. Traders can wait and go for buy if nifty holds 5000-5020 zone on EOD basis.

Related Readings and Observations

  • Nifty and Bank Nifty Strategy Overview Post Election Results As of now 7500CE and 8000CE has the higher open interest which indicates a possible resistance at 7500 for the current month. As Nifty Responded with a sharp reversal from the high on […]
  • Nifty and Bank Nifty October Futures Overview – III Nifty and Bank Nifty maintains the positional buy mode on the hourly charts. Currently the support zone comes near 5953 and 10097. Reverse your position to sell mode if the support zone […]
  • QuotesOnDesk for Live Intraday Data QuotesOnDesk is a desktop software application to view intraday stock quotes from NSE, India. It downloads Intraday as well as EOD stock quotes and provides basic charts. Runs on […]
  • Shorting J.P Associates Positionally Here is an interesting Daily GANN Chart of J.P Assoicates. Which points to an GANN Resistance of 245. Here the Ideal trade should be short J.P Associates in rise with EOD stop loss […]

Comments

  1. sameer says

    Resp sir,
    i read your post related First Charting software & download it. but after installing it doesn’t connect to server and also there is no presence of Nifty chart and Stock. I am using GCI MT4. So plz give me the solution to operate first charting software with nifty and related stock with MT4 platform.

Leave a Reply

Your email address will not be published. Required fields are marked *