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Indianmarket

Nifty: Cyclical short opportunity.Nifty has just been rejected on the 11,760 1M Resistance after a relentless bullish run since mid February. It appears that since March 2018 the index follows an identical repetitive pattern, within the 11,760 1M Resistance and the 9,960 1M Support. Every time the index has rebounded on the 9,960 1M Support, a 1D Channel Up follows, which practically gives way to the aggressive bull run towards the 11,760 1M Resistance. We expect a similar price action and our first target is the Gap Fill (eclipse) at 11,180. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NSE:NIFTYShort
by InvestingScope
NIFTY 50, Head And Shoulder formation is in Process.Hi Guys, The current scenario for NIFTY 50 doesn't look good at all. 1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart. 2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December. 3. If you look at the Retracement Levels, You can see that it can't even touch the 50% level which is clearly the sign of weakness. Targets: If it is able to complete the head and shoulder and breaks below 9950 then the key levels to watch for: 1: 9050(Fibonacci Extension level 1) 2: 8000(1.618 extension level)
NSE:NIFTYShort
by aman12
Bank Nifty updates for next 5-6 monthsHi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break that level which will open the door for the upside trades. Looking at the recent weekly candle, which is quite bearish it can easily fall around the 23500-23800 where it has some support.
NSE:BANKNIFTYShort
by aman12