AMGO_Markets

AMGO_Markets Updated 

As far as my understanding, instrument is bullish. Will have to grab it from daily support to look for an entry.

AMGO_Markets Updated 

My View

AMGO_Markets Updated 

Gold View

AMGO_Markets Updated 

Look good to go on upside

AMGO_Markets

Same range is having 4 volatile and 4 inside candles, denotes indecisive structure to analyze and to trade also consequently.

AMGO_Markets

Its a time to be little cautious: Candles in black box are showing early signs of distribution. But distribution will be confirmed factually only after it starts breaking supports. So, I will avoid being assumptive bearish or bullish for the time being. Trading bullish will be a lot of waiting now, as best way is to skip one up leg and allow it to blow of some...

AMGO_Markets

As, on Friday nifty closed without breaching the value area I had marked in my live update, I had a strong bias of nifty continuing its up trend. But, market had other ideas which I could not anticipate in advance, only experience can teach me that. After having flattish opening today, nifty was giving me a hope to protect the value area, but soon it breached it...

AMGO_Markets

Nifty is in last possible weekly resistance zone. It has come now 2nd time in this area. Normally zone trading is messy and one needs lot of clarity and focus. My overall approach will be to trade bullish prepositions. Lets us see what follow-up we get in coming weeks.

AMGO_Markets

Bank nifty reacted from weekly resistance zone once and retraced till weekly support once, and as it found liquidity in support again is back to weekly resistance. Sooner or later I feel this weekly resistance will be blown off based on facts and data which I look at. But this is just the hypothesis. I will watch the further follow-up and data to be aligned to...

AMGO_Markets

Likely to blow of resistance.

AMGO_Markets

Nifty value area shown on chart.

AMGO_Markets Updated 

After studying post market data points, I have come to conclusion that there was a 2nd test of liquidity which have had happened as shown in the original source of liquidity. In a volatile environment like yesterday after hitting a trailing stop loss, it was too much for my capabilities. So just decided to wait and watch. But now, preposition is fairly simple and...

AMGO_Markets

I feel gold should come deep in support which will be good for long run.

AMGO_Markets Updated 

Today we got follow up HH/LL with non significant candle. It did break on resistance on up side 11939. I was not expecting an insignificant candle , but, now its a fact. Stop Loss for longs is still intact. and if the low is protected then we may see a rally for 3 to 5 days of HH/LL structure. I feel making a hypothesis and looking for clues to match hypothesis...

AMGO_Markets Updated 

It will be interesting to watch data points as reliance is approaching support zone. Energy sector is also finding liquidity deep in support. As its major stock of Nifty 50, will watch closely the data for next 3 to 4 days.

AMGO_Markets Updated 

Bank nifty does had a positive follow up from earlier weekly support. In the process it might have shifted weekly support up as shown on chart and also tried to give daily support line in weekly zone. Will see what follow up we get coming week.

AMGO_Markets Updated 

I think its worth looking at creating a demat holding of best nifty reality stocks

AMGO_Markets Updated 

Finally we got some thing to work with on long side. Low of the today's candle will be important stop loss for those who are positionally long. As far as I understand the structure of the nifty 50, its better stop loss than 11629 now which is so deep inside.... I feel if todays low is protected then nifty is going up....