Niftyoptions
Whipsaw Must Happen.Nifty has entered the supply zones Cluster, it cannot go further no matter what ranges of Dow futures or FTSE openings try to escalate it. CE at this moment would be a disaster. Trendline breakdown would give you a better way out and short the 17200 strike price till it reaches at the end of Wednesday's closing.
IF PRICE ACTION IS WRONG THEN I AM HAPPY TO LOOSE MONEY.Go short, I cannot shout more. A little change of direction does not hurt a trend, a trend takes huge momentum which is missing till now, DJI for instance has just retraced back from risk aversion levels of crisis haphazard, nonetheless they have shifted to uptrend no doubt but India lacks that fundamental support from Foreign Investments and also our Domestic Institutions have filled their belly of buying equities as much as possible. The index has a bit more room in downtrend, smaller up ticks would occur for sure but at the end April is going to be a BEARISH month.
Until there is clarity there is chance of trend reversals.U.S. markets had started to recapitalise with strong volumes and Federal Reserve had yet again thrown the markets into dungeons, sentiments for far ended future is dark but calmness in Traders mind is soothing who do not indulge into straightforward long calls, and have fun with PUTS. Theme of Global Securities and ETFs is increasing at higher ends but Equities have shown bad faith to the Investors at large. Soon there will come another retracing peak and everybody will start to think the Downtrend ends here and Uptrend begins, it could be because it is much required and estimated now, not even now then when? But technical analysis is giving vibes of Shorting the NSE indices each and everyday, but fundamentally speaking going long is always the choice we all like and end up thinking more about it and then ultimately doing the human error. Bots are vitalised well enough to trade in any environment but are they configured to see an end of a trend and signal it to us? No only TA can do that.
NIFTY : Levels for 16th Mar
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
NIFTY : Levels for 15th MarNIFTY level marked on Chart. its already break daily support and we can see bears are in power since two days
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Nifty moves for today & in upcoming days .SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range.
Critical Resistance:
17,545. This is the previous swing high and can change the hourly structure and make a " W" Pattern which is a sign of retracement from the previous trend. Three Patterns will be activated on the breakout of this level.
Critical support
17,200 to 17,250 the whole is a crucial demand zone, and breaking this level can start a new bloodbath
Keep an eye and Trade Accordingly.
NIfty 50 Moves Identification for the Intraday of 21st February Nifty 50 Moves Identification for the Intraday of 21st February
I have marked two Important levels for today's trade setup.
First: Based on the Pull back, the Key resistance for the Intraday (17,920)
Second: Based on yesterday's swing low. Breaking this level is a sign the trend will continue (17,780)
Both levels are sell levels, either on pullback or continuation. The long can be considered above 17,950