AMGO_Markets

AMGO_Markets Updated 

Nifty 50 instead blowing off 12031 levels decided to come back sharply. I traded short trade which is USP trade set up of my mentor. All credit goes to him. Trade was nearing 230 points. I was discussing Case A : a bullish case when I was imagining a blow of 12031 levels before breaching a support. But for the time being it proved invalid. Case B: would be...

AMGO_Markets

Please keep an eye on it

AMGO_Markets

Came Across a video on you tube recently which describes the important treats of a successful wealthy traders and he has discussed in all 30 points, after researching and talking to successful traders. I tried to write it down, maybe it will help our community. Again intention is not to hurt any one. 1. Wealthy traders are patient with winning trades. And...

AMGO_Markets

I have committed mistake of overlooking one in between support on daily time frame. Today, as the open was above 11728,I have booked loss in overnight hedged shorts. Loss was 0.4% of the capital deployed. Presently, I am clueless as far as direction is concerned, only sure about the range of 11905 and 11629 for near term. Was not really up to the standard of...

AMGO_Markets Updated 

nifty trade update. As it was slightly pre mature taken on smaller time frame only 1/3 capital was used.

AMGO_Markets Updated 

As disclosed earlier, I am not having any trading position in nifty as of now... This is the best time for visualization of probable hypothesis. Case A: Bullish medium term Imagining index wants to be bullish medium term, I have shown a probable path, Nifty 50 will have in coming days based on structural understanding suggested by facts and data available as on...

AMGO_Markets

Will be on fence strictly till I get further clarity and clues to trade... Time duration is not known as of now.. Will update when I will have certain view now.

AMGO_Markets

Teachings from my Mentor: True mentor always gives pointers based on facts and data. My mentor gave me a freedom to formulate own system based on his suggested pointers. Some important thoughts which motivated me are as follows: 1. Markets are always structured, effort to understand structure is the key. 2. Do not dream to be a billionaire overnight. 3. Do not...

AMGO_Markets

We are entering life time high weekly resistance zone. Such incidences are rear in our trading and analysis life span. So, I am excited to experience this. Will the resistance break or will it push the index down, how will it give us trade confirmation on smaller time frames... Everything will be exciting.

AMGO_Markets Updated 

As far as I understand the structure of Nifty, which finally broke the resistance and managed to close above broken resistance. Before that, as nifty approached 11650 levels, cautiously, I closed my straight longs which I have created from 11180 levels and was hoping a possibility of minor retracement, which eventually did not happen. Today, at the opening I came...

AMGO_Markets

After analyzing NSE data, I am adding 1 more Liquidity support to previous chart I published and its probably the zone of 11590 to 11490. Much above last published.

AMGO_Markets

Normally I wait for NSE data EOD to be published before I express my views. But today I felt it's not necessary to wait. Story is as follows.... Nifty had bounced straight from last daily support having confluence in weekly support as I have been mentioning in my last all posts. Today, Nifty 50 showed courage to brake Daily long Trapped Resistance placed on 11617...

AMGO_Markets Updated 

Nifty Managed to close above 11460 and now the battle will be interesting between daily resistance and a conquered weekly level. Expecting strength in the nifty. 5/10/2020 daily low will be important, for short term decisions.

AMGO_Markets

Chart explains all, will try to find confirmation on long side rather than short side as of now.

AMGO_Markets

As the week ended on 1/10/2020, nifty had decent follow-up till weekly important levels. As far as I understand the structure of Nifty 50, 11460 level will be key weekly level, above which there is highest probability of nifty ending its bearish phase. Nifty 500 which is larger domain index has been always been leading indicator through out this rally. Nifty 500...

AMGO_Markets Updated 

As far as I can understand the structure of Nifty 50, after bouncing from lowest possible daily support(confluence Candle) in weekly zone, for last 4 days, follow up on upside was satisfactory. 25th, 28th and 29th were clean HH LL candles. 30th was Consolidation and was expected not to breach low of 29th as being a significant candle. Even 30th being inside...

AMGO_Markets

Similar historical pattern is in the making. One can remember when 1st stimulus in India was announced we have had same situation for Nifty. Though it would be interesting post.

AMGO_Markets

After respecting conferencing weekly and daily support zone nifty has managed to clear 1st resistance 11112 the consequently 11259 and then 11302. If we try to club the events, then one support had a enough strength of removing 3 resistances in last 3 days of up move. Now considering the volume activity today’s low will be important. After a while from March end...