AMGO_Markets

AMGO_Markets

As, revealed in my last post, nifty is reacting well to quarterly, zones. I guess the bearish to sideways target for the Nifty 50 will be around 16750. There is zone, below that, but after breaching the zone, we may take efforts to observe it ...............

AMGO_Markets

Nifty, as it gave a long target towards quarterly resistance levels, retraced back at quarterly support levels quite sharply and ferociously nearly in just last 2 trading sessions. As of now nifty happens to be range bound between 2 quarterly zones. For further bearish confirmation we need to get a bearish breakout of support and follow up also. Till then,...

AMGO_Markets

todays was as a sharp drop back to quarterly levels of daily, and then after opening it was a ferocious drop back till certain micro levels. Market did not had fresh levels near by so it tried to negotiate old zones with less precision.

AMGO_Markets

Just a chart representation based on homework based on EOD. It worked exactly as per EOD markings. Question is when it will not work?

AMGO_Markets

As, I was having a sideways to bullish view during my last post, nifty achieved it immediately. I am obliged by market to prove my view correct. Now, the close of yesterday is within the zone of quarterly levels, and the million dollar question is what will be next? We have already dented last quarter resistance and present quarter is still ongoing, which...

AMGO_Markets Updated 

watching silver closely. based on the zone shown in the chart.

AMGO_Markets Updated 

As disclosed in the chart drawing and reference from my earlier post, based on slightly bigger time frame, which is quarterly, nifty showed significant interest bouncing from those levels as of now, now getting side ways to bullish in quarterly zones.

AMGO_Markets

As disclosed in the chart drawing, I feel disclosed levels are imp levels as far as the quarter levels are concerned. This appears to be a boring levels as such as they are quarterly. But the fact is these are also significant levels, we must not ignore them while taking investment decisions.

AMGO_Markets

As disclosed in chart drawing, I was not expecting a close below this level, but the market is supreme, and let us take the analysis forward from here. I have marked side ways and bearish and bullish zones, as per my understanding. Will further track it my best of abilities.

AMGO_Markets

May be a illusion or truth, but price action suggesting silver is trying hard to change its course. will be good range if it's a truth.

AMGO_Markets

As explained yesterday, it was not a easy short trade today or a long trade also. Nifty has managed hit back the imp daily candle again and as far as the intra day movement and important levels are concerned, nifty has managed to reduce the margin of it's daily range compared last 2 to 3 days. It is still wait and watch as far as short trade is concerned.

AMGO_Markets

As disclosed in the chart drawing based on my views, Let's wait to further short it without confirmation

AMGO_Markets

As disclosed in the chart drawing based on higher time frame and the lower time frame, I am shorting silver in mxx india ...

AMGO_Markets

I was insisting on 16/9/2022 day candle for reference, below which nifty was unable give a closing price. Today nifty successfully closed above the imp resistance level of last month. To, me nifty looks positive based on fundamental observation. As, disclosed in chart drawing, I am expecting more positive movement in Nifty 50

AMGO_Markets

As explained on the chart drawing, it's too tough to grasp what exactly happening in Nifty 50. As trends on higher and shorter time frames are misleading. Wait and watch is the only approach as of now.

AMGO_Markets

As explained in the chart drawing, I am watching a close above or below an imp candle and till now close appears to have failed below lower limit. As of now things are bearish, if we would take effort to compare monthly and weekly time frames. But, still considering the important candle, I am restricted to short without confirmation.

AMGO_Markets

As disclosed in chart drawing OBV 1: budget day low is intact OBV2: sideways action giving support to nifty OBV3: shorts are not working as of now

AMGO_Markets

As disclosed in my earlier post, I was looking at not to short the index further without confirmation. Today, is a most happening day, as far as index is concerned. It opened above lowest range and then tried to fail it but, in the end, managed to close above the lowest range. Still odds are difficult for me to predict. But answer is the same, I am abstaining...