neeshalr1993

neeshalr1993

We could see a good move downside if nifty sustains below 24500 level. Smart money will sell lot of calls at 24500 ,we could see good open interest at this level. Breach of 24500 could see the market again stuck between 24700 and 24500 for coming expiry ,which i think could be highly unlikely . GOOD LUCK !!

neeshalr1993

I am expecting nifty to have a sideways expiry within this range .A direction move could be expected once the levels are breached . good luck guys !!

neeshalr1993

NIFTY Took good support on the trend line on hourly chat . I am expecting Nifty to be in a volatile non directional move unless the trend line or fridays high is broken . I think non directional strategy could work well here till any of the level is breached .

neeshalr1993

Nifty moved in this bearish channel for few days and made a break-out on the upside ,stayed sideways for few days and made the down move to test the channel .I don't see a significant move in Nifty unless the resistance and support 1% either side is broken .Nifty could be sideways in this range . I would prefer a non-directional strategy within this range .

neeshalr1993

Nifty is forming a triangle in 15 min chart .I am expecting a possible breakout of this triangle which could give us a one way rally of 200+ points . The set up could work if there is a flat opening in Nifty . If the triangle is broken by a gap outside then this set up will not work .

neeshalr1993

Has mentioned in precious post nifty is respecting the bearish channel .A bearish trap was made and nifty 338 Pts today .I am expecting a upside move upto 24000 from here .

neeshalr1993

There is a bearish channel forming in Nifty in hourly timeframe . It has multiple touches it has respected .From the low made on Friday we could see a bullish move of 500 points upside . The trend of Nifty will be bearish until it respects this channel