Look at the Frist 30M Candle in Nifty, This is going to decide the trend today, cutting below low, will attract lot of selling, If you interest in Long - first 30m Candle low is your stop. If you are look to short , try to sell in part, 5 lots can be done on each rise around 40 points. This is intra day analysis.
Expiry Day today. NSE:NIFTY trended nicely for the day. But I could not make most of it. 1. I had a trade from yesterday, which I had to manage to minimise the loss. 2. I was not very sure about NIFTY having very strong move post 9265.
Today NIFTY's move retraced 200 points after initial flat opening. After move down tomorrow, I was expecting range bound action. NIFTY kept on moving up. 1. Overall Advance Decline ratio is near 1 to 1. 2. NIFTY gains largely due to Reliance and Zee Entertainment. Tomorrow is expiry day. It is interesting to see how NIFTY reacts to level of 9250.
NIFTY Gaped up. Since the breakout of 9250 was held for 15 Mins , I entered PUT 9200. This was aggressive because the level for stop loss was 9040 , which is way below the opening level. 1. 9200 PUT sold at 152 Rs Then NIFTY touched 9220, which I though was a pullback. 2. 9100 PUT sold at 152 Rs NIFTY crashed and consolidated around 9130. Then there was sharp...
NIFTY opened gap up. But There was no momentum on the upside. Then the fall was sudden. This is possible change of trend. NIFTY is back in the range now.
Here is my Intraday Trade setup for HDFC...
Good morning guys, yesterday I have not got the enough time to make daily index videos on our youtube channel. So giving today intraday levels on my trading view account. Consider to check the levels.
Hourly chart shows mild double top formation at 932 formed on 6th March, little weakness in nifty can drag it down to 925-926 levels. Stop loss should be 938 breaking which would confirm a further upward movement.
sell nifty for day or two for targets 8650 8620
Nifty Futures: NIFTY while it managed to hold on to to the 7580 levels and staged some sort of a pull back, weak global cues will mean we may now crack that level and open below it. It will be importanat to see if NIFTY futures manages to stay and trade below 7550 in that can the levels of 7580-50 now can be used as a stop for a fresh trade on the downside with...