chaitu50c

chaitu50c

If Markets are being influenced by News, analysing market's next move becomes tough. only relief we will have are, our Support/Resistance Levels. if we Follow proper Risk to reward and Stoploss, we can make money in any situation. Following 1:2 strictly can only save us from surprise moves. Nobody would have expected this much gapdown and that huge sell off....

chaitu50c

Such a fantastic Gapdown and the down move. nifty ranged between previous potential support zones whole day. We have seen the selling pressure & volatility in the last 45 min. Finally Nifty formed an important zone to look for Monday. That zone acts as DO or DIE for nifty. If that zone broken, there is no support upto 24500. (nearly 200 points) Also I have...

chaitu50c

We have clearly discussed yesterday in the third scenario (what if Nifty opened in gapup). i discussed some points. and exactly happened what i anticipated. i said that the resistance, we are seeing will become support. As we expected it supported Nifty multiple times. Bears tried hard to push Nifty below 25000. but they failed. now my view for tomorrow is very...

chaitu50c

As we can see today Nifty opened slight Gapup and continued its upmove by making higher lows and higher highs, which indicated Bullish Momentum. But Nifty is exactly at Resistance level. I can Explain this with 3 possible Scenarios. 1. If Nifty opened Flat, i will be very cautious. Nifty should sustain above this resistance zone we are currently observing. If...

chaitu50c

As we discussed in the last Idea today it was rangebound. but new support has been formed. i am expecting market to break either side for a big momentum. Still i am Bullish on Market. I am still expecting market to break the resistance in upcoming 2 trading sessions. if crash happens, there are multiple supports for us to react accordingly.