Nfityindia
Nifty has taken support at 50 Hours EMANifty has plunged as expected but during the last hour of the day took fantastic support at 50 Hours EMA. This support will again help Nifty to have another go at the resistance range of 19450 to 19525 zone. Before reaching this zone Nifty has to cross important resistance of 19419. Supports at 19359 and 19296 are strong ones.
Nifty daily analysis26 JUNE ANALYSIS:
Nifty opens:
side: if market give downside breakout after consolidation around 18650 then sell (PS-100% )
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20% for upside and 30% for downside)
gapdown: wait for further price-action and sell if breaks lower support (PS-50%)
buy if hammer candle is formed and breaks high of first 5 min candle [PS-100%)
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full
2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it
3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by
taking support of 18320.
4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout
5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
Nifty daily analysis16200 was strong resistance and market closes above it. Around 16300, there is another resistance, so market could be sideways on monday
A) if market opens sideways then we could buy if it makes 5 min positive candle
B) if market opens gap up and breaks lower resistance then after looking at price-action we could sell for small target