AMGO_Markets

AMGO_Markets

As disclosed in the chart drawing, I will be cautious to further short the index as it is without confirmation. Frank opinion is to wait for the time being, if nothing is working out. Aggression can indicate to go long. And regression will indicate to go short. But, one should wait. I feel strongly.

AMGO_Markets

As disclosed on chart, in continuation with my earlier post.

AMGO_Markets

As disclosed, in the chart drawing, I feel strongly, that Nifty 50 is still having fundamentally bearish structure. Budget is a big event. So, I am guessing 2 probable structures and one is bearish and one is countering the bearish. Weightage, still is as of now on bearish side, as present data suggests the same.

AMGO_Markets

As disclosed in chart drawing, inference is bit more on bearish side.

AMGO_Markets

Nifty looks like positive to range bound as of now I have marked areas with zones on daily chart. Sectors are getting aligned on positive side is one major clue. I hope it may help.

AMGO_Markets

After volume activity Indusindbank looks interesting at pivot.

AMGO_Markets

As described in the chart drawing. I feel these are the major ranges in Nifty 50.

AMGO_Markets

As denoted in the chart drawing, I am trying to see BMI broader range and it is available in the chart drawing.

AMGO_Markets

Based on my observations, I am posting today's trading range

AMGO_Markets

As described in the chart drawing, I feel range between intermediate support level and highest resistance should be active.

AMGO_Markets

As disclosed in chart drawing, nifty need to cross 16630 to develop upper range for trading. Lower ranges are as per drawing.

AMGO_Markets

Gapping up almost every day, range still is the same.

AMGO_Markets

As the volumes have now started coming in index, I am attempting to use anchored VWAP on monthly time frame. Historically major support appears to be have come around significant levels of anchored VWAP. If this is a coincidence or technicality, I am not sure. At the same time this module if it is true, is useful for investment decisions for very long term. Any...

AMGO_Markets

As described in the chart chart drawing, I have marked present support and target zone. I feel this should be the range for Nifty 50.

AMGO_Markets

It was long awaited, volumes for index spot. It may help volume price traders.

AMGO_Markets

Nifty is likely to hit levels of 16250 before taking future course of action.

AMGO_Markets

Yesterday was watching a support and was breached in the end. So, wondering if nifty can slide down to 15550 from nearest resistance soon in coming sessions.

AMGO_Markets

Nifty is fast approaching support without breach of historical resistance. It would be interesting to watch the price action tomorrow or whenever it manages to hit or breach support.