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Niftyview

NIFTY--@Trendline Break??The Nifty index is now near its trendline... After taking the support from Right shoulder...it is ready to break the trendline... if price breaks the trendline, we will observe a good upside move... If price breaks the trendline tomorrow might be a trending day for nifty. today price is consolidated in a range... if it breaks upside this time it will finishes bearishgap... If it is unable to break the trendline...will look for short side...until keep on buy side...
NSE:NIFTY
by IIT-Trader
9
NIFTY--@Neckline Support ??price broken the neckline and retested the neckline and closing is given above the neckline. if price opens below neckline look for short side...until bullish gap,if acts as resistance. Look at the bottom side gap is still left, if price wants to fill the gap it opens gap down and fill the gap and moves up again. If neckline pushes the price again up, will be long on break of the zone above neckline. keeping the stop loss below neckline. If opens gap up above, the zone after filling the gap will initiate a long entry. keep track the neckline and bullish gap.
NSE:NIFTY
by IIT-Trader
8
NIFTY-- 20500 or 18500 ??Price created a strong bottom at 19300 level... multiple times the price is taken the support from 19300 level. This level is crucial for Nifty to sustain above 20K. if price again creates a strong bullishness from this zone this will break the 20k zone and Reaches 20500 level easily. the zone @19300 level is the price gives us discount, to enter long for 20500 level. After a strong break from previous strong resistance @18900 levels, this fall is a discounted price, those who wants to ride the trend will go for long side.. so, when to enter in long side.... from which place we have to be on the buy side.... look at these analysis... you will get a clear picture An inverse head and shoulders pattern may form to take the price to reach 20500 levels. so keep watch this levels by keeping an alerts. If this fall continue It may reach 18900 and 18600, before reaching this it has to give some retracement. will see what happens. Thank you guys for your support and Encouragement.
NSE:NIFTY
by IIT-Trader
3
NIFTY--Bullish Gap or Bearish Gap ??Bullish gap left @19200-19250 Bearish Gap left @19670-19700 when this gap be finished....?? if price continuously falls tomorrow it finishes the bullish gap. If price showing us bullishness tomorrow,19500 will again acts as resistance.. so in order to go upside, price must be consolidates and has to create a bullish view and retraces back then only, bearish gap be finished. Note :: If we observe a strong bullishness again price will break the bearish gap..
NSE:NIFTY
by IIT-Trader
10
NIFTY--Liquidity lies @19300 ??The nifty Index, after a strong fall price is given us 50%-60% retracement in Fibonacci. if tomorrow price wants to fall this is the area that can push the price lower. the previous resistance acts as support and price moved up again.. Don't go for short side if price breaks the low.... there is an another zone, that can immediately push the price up to trendline. don't fall in trap here. It gives retracement again then look for sell.. until keep watch the show. mean while price creates a trendline this area.... look for sell at that for proper targets on down side. Look for buy on bottom side...after the break of trendline and retest up to 20K. all the liquidity lies on these lows...that will break and reverses immediately. Tomorrow again price enters into the consolidation zone....it will not gives us any movement.. slowly moves up and down. No proper direction. option sellers have a chance to grab this. so keep safe. Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
10