pradeepvee

pradeepvee

Seems Nifty will hit another low within 3-6 weeks, weekly chart present indicating upside limited to max 16400-16500 and low will be in the range of 14500. Moving average 20 and 50 on weekly charts also indicating cross over about to happen in coming weeks which will further confirm to the bearish mode. Sell on rise should be strategy for coming weeks with...

pradeepvee

Monthly Charts and indicators are justifying the correction in the markets. Target should be 14500-600 range by mid of April.

pradeepvee Updated 

Yesterday daily charts candle broke thru supports 17350, 17285, 17170. Now nifty daily support resting on 16800 range will not hold as the daily candle yesterday completely pierced thru the body of previous support candle in that zone. Buy zone will be shifted to 16300 zone as per weekly charts. Nifty even if opened above from yesterday close may break thru the...

pradeepvee Updated 

after yesterday fall getting - ve signal thru MACD and RSI on nifty last three four days market recovered from initial lows on daily and now the 4h charts are not suggesting the same. to have a clear short call and clear signal have to wait till 17400 -450 levels

pradeepvee Updated 

Daily Charts indicate upside movement till 75.50 & 75.6 area immediate possible MACD indicating upside move Bottom Support @ 75.00, 74.90, 74.83 areas

pradeepvee Updated 

200 DMA should be be the target with SL 17350 today move is very big and seems like taken a support but not yet fully.

pradeepvee Updated 

Overall picture trending downwards. trade with Sl of 17300 and adopt trailing SL. MACD on daily and 4 h indicating short. target may be reached by next week mid

pradeepvee Updated 

extended target. On daily MACD cross over happening RSI weak and may not comeback due week end nearing. on 1 hr RSI over sold may come back only little if any upside. Same trend may continue till Monday

pradeepvee Updated 

Sell Nifty @ around 18000 range or after surpassing the 20 day moving average with SL of 18100. MACD and RSI also indicating slowness in market

pradeepvee Updated 

RSI on 1 hr chart is oversold may be some buying may happen till levels of 17050/17100 before going down. Still overall weekly and monthly charts doesnt look good and remains as bearish- target 16700 and 16000 respectively.

pradeepvee

Nifty Target 16700 seems possible this week. Short Nifty @ 17000 range

pradeepvee Updated 

Target 16976/17050 likely on Monday downtrend continues.

pradeepvee

Nifty seems in undefined zone for the moment short at lower levels for today shorting seems more likely in coming session after 01:30pm and 17169/17221 seems good support for today.