NIFTY--Trending Expiry View
Updated
Observations::
price is exactly closed in the supply zone....where price strongly fall from these levels.
we have to wait before sell...
price is again fall below,19410 level,and this level has to reject for more fall.
yesterday price broken the trendline and retested...now we have to check fall happens are not.
the area of value at 19380 level will push the price up...to test the supply one more time...
be on the bearish side from these levels...
On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels.
If price wants to go up, it has to break and retest of supply and then only bullish...
fake out will also be happens at this level.
Keep track this level...key level 19410 level.
price is exactly closed in the supply zone....where price strongly fall from these levels.
we have to wait before sell...
price is again fall below,19410 level,and this level has to reject for more fall.
yesterday price broken the trendline and retested...now we have to check fall happens are not.
the area of value at 19380 level will push the price up...to test the supply one more time...
be on the bearish side from these levels...
On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels.
If price wants to go up, it has to break and retest of supply and then only bullish...
fake out will also be happens at this level.
Keep track this level...key level 19410 level.
Note
pullback is done...but wait until it breaks...Note
price broken high, will wait for retest, if retest failed will go short side.Note
while retesting sellers are strong...not buyers...no entry on long.Note
no momentum in 1 min as well....its not good for buy side...Note
while retesting....clearly observe...buyers are strong or sellers are strong.when there is a weak bias then only initiate a trade....price is moving but option price is lagging. results in no gain.
Note
Don't initiate short....without confirmation as well.wait.Note
price enters into the consolidation...wait for momentum...Note
weak momentum towards downside...it may becomes strong...anyside...will wait for confirmation.Note
if price creates a strong supply here will enter on short side....until no short thinking.
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