Chart Shows the Last 7 days of Movement in Nifty giving alternate buy and sell signals as per 5 EMA trading system. Look like a consolidation pattern between 2888-3150 only breakout can give direction. So we have to wait for news till the breakout occures
Simply. As the news is gonna decide the breakout.
UPSIDE BREAKOUT WILL LEAD NIFTY TOWARDS 200 WMA OF 3666 IN NEXT 2 WEEKS. HOWEVER FAILING TO CLOSE ABOVE 3100 ON ANY DAY AND SLIPPING DOWN TO CLOSE BELOW 2888 ON ANY DAY CAN SURELY SLIDE NIFTY TO MUCH LOWER CLOSING LEVELS TOWARDS 2800 & THEN TO 2684 DAY CLOSING DURING THE WEEK.A CLOSE BELOW THE CRITICAL CLOSING LEVEL OF 2684 ON ANY DAY CAN THREATEN THE LOWEST CLOSING OF THE YEAR OF 27TH OCT AT 2525 LEVELS.
Related Readings and Observations
Futures and Options Contract Explained The key to understanding options futures is what they are and how the work. By looking at the dynamics these futures contracts you will have a better understanding of the characteristics […]
Extreme Indications in Nifty Futures Nifty futures on the daily timeframe shows extreme indications as it tested the 3 Standard deviation band on Thursday, September expiry day. Sideways to short-term pullbacks are expected […]
Hang Seng Likely to approch GANN Resistance Chart shown here is the long term GANN chart of Hang Seng. From the chart you could observe that Hang Seng is approaching the GANN Resistance region 22300 zone
Modified Nifty Options Tracker Here is a modified Nifty Options Tracker. PCR(OI) for current series had been added
for Nifty and Reliance Charts with auto update feature
Recent Ichimoku Signals in Nifty 50 Stocks Here is a sample exploration done for Nifty 50 stocks using Ichimoku indicator. The exploration is done for the recent two trading days looking for a recent buy/sell signal in nifty 50 […]
Wave of Tsunami in Turkish Lira The Turkish lira fell to an all-time low against the dollar. The lira tumbled 15.63% against the dollar on friday to 6.4323 from the previous close. The currency — which has lost more than […]
Leave a Reply