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Niftyoutlook

Learn how to trade Nifty 50 Indian Index, locate turning pointsI am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on a chart, the basic characteristics of candlesticks patterns that will help you locate turning points in the market.It's very important to trade these strong impulse in the context of a bigger picture trend and avoid trading counter trend scenarios. How can you buy Nifty 50 futures index or Nifty 50 related stocks in an uptrend? First of all you must look for impulses strong enough to create a series of wide candlestick bodies in the direction the of the long term trend. The chart attached shows a few impulses drawn on Nifty 50 futures weekly timeframe, that means that every candlestick represents a week if time. By simply comparing the strength of those moves you will be able to locate potential turning points in the Nifty 50 futures index and related Nifty 50 Indian stocks. Trading impulses against the trend is not the best strategy since you will be going against the long term bias of the underlying asset or stock. How to buy Nifty 50 futures index? Well, locate these impulses and do a top down technical analysis before making a decision to buy or sell at these impulses. A single timeframe technical analysis is not enough to make a trading decision.
NSE:NIFTYEducation
by AlfonsoMoreno
Nifty 50 view for Monday 25 March 2019Nifty Spot closed at 11456 and Nifty futures at 11478 A fall of 460 points was witnessed in Dow on Friday, Dow futures closed at -474 SGX Nifty closed -63 points at 11407, which is a rough indicative of the Nifty futures level. It loosely translates to Nifty spot at 11385-11395. Support for Nifty spot is at 11380 followed by a gap support at 11350. 11350-11380 could act as a good support zone on Monday. If somehow the opening is not as negative or not what what SGX indicates, Nifty spot could take support at 11410. Resistance is currently at 11520-11530.
NSE:NIFTYShort
by IamAStudentOfTheMarket