Nifty Correction – 4th Sep’ 2020

 

Hi Friends,

 

Good Morning,

If Nifty Future starts to trade below 11419 then next support is 11253.

At this scenario 11658.55 is looking quite impossible. From last 3 days writing about this hurdle.

And calculate that from this hurdle Nifty Future will start to fall again.

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

Nifty Trading – 1st Sep’ 2020

 

Hi Friends,

 

Good Morning,

If Nifty Future able to sustain above yesterday’s low 11350.50,

Then Nifty Future will face resistance at 11511---11562/11566.

 

First support (if there is not any gap-down opening) 11368.

Below yesterday’s low Nifty Future will take support at 11218----11117.

 

Disclaimer: This level is only for watch the market, not to trade. Before investment/trading please consult your advisor.

 

Note: We will meet on my YouTube channel within a very short period.

 

Nifty Fall May Cont.

Good Evening, wish you happy trading session tomorrow..

Key Support-Resistance level of Nifty Future

§  First support of the day is 9371.85,

§  Below this next vital support is 9318.40.

§  Next resistance of Nifty Future is 9709.

07:00 pm, 12^th March, 2020

Nifty – Another Round of PANIC

Good morning, wish you happy trading session.

Key Support-Resistance level of Nifty Future

·         First support of the day is 12083.77;

·        From the mentioned support NF may reverse 54-55 points. A great opportunity to go fresh short.

·        Crucial support of the week is 11732.

05:55 am, 28^th January, 2020

Nifty Week-end Trade

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

·         First resistance of the day is 12239.40.

·        Very vital resistance is 12258.85;

·        Once Nifty Future breaks recent low 12110, then next support may be 11947.75 or 11934.45.

·        Crucial support of this down-move may be 11882.70.

08:04 pm, 23^rd January, 2020

Nifty Future Correction

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

·        Today I have written about the vital resistance 12187.75, Nifty Future made low 12188 and reverse to 12244 and at 2^nd half the index made low 12181.25.

·        Below today's low the index may melt to take support at 12059 to 12053.

·        From several days I am alarming to be cautious at higher level……

10:22 pm, 21^st January, 2020

Nifty Correction Mantra

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  First resistance is 12197;

§  Above this next hurdle is 12203.15 or 12208.50.

§  Vital resistance is 12224.60.

§  From day’s high chance of sharp correction is quite positive.

§  Don’t be trapped at higher level.

09:05 pm, 7^th January, 2020

Nifty Trade Mantra

Good evening, wish you happy trading session tomorrow.

Key Support-Resistance level of Nifty Future

§  Vital support is 12023.50;

§  First resistance of the day is 12199.80.

§  Above this tough hurdle is 12215.

§  Nifty Future may touch 11667.20 within this week.

06:56 pm, 6^th January, 2020

Nifty Correction

Good Evening and Wish You a Happy Trading Session Tomorrow ….

Market Outlook

Correction may continue till Friday to Monday.

Key Support-Resistance level of Nifty Future

§  First resistance of Nifty Future is 11621.50;

§  Below 11383 next supports are 11298 or 11291.

§  Closing below this level crucial support is 11148/11138.

§  Around Friday or Monday may take support around 11148 or 11138 and try to reverse.

Nifty Future Analysis

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Above 11380.60 tough hurdles to cross are 11397;

Below 11215.35 crucial support zone is 11197.50—11182.90;

Today’s Overview

From day’s high another round of panic selling may be start.

Nifty Future Trade

Good Morning and Wish You a Happy Trading Session ….

Key Support-Resistance level of Nifty Future

Vital resistance of the day is 11592—11596.

Below 11514 next vital supports are 11460.50. Crucial support of Nifty Future is 11426.

But correction may continue. Any bounce back is good opportunity of create fresh short positions.

Nifty Trading Tips

Nifty Future Traded

                                                         

Good Morning and Wish You a Happy Trading Session ….

After opening at gap-down Nifty Future continue its red journey to more deep red. Nifty Future made first low at 11486, lower by 1.39% from previous day’s high 11648.

stock-chart

Have tried a small recover but failed and made low. I have written several time continuous increase of volatility is a symbol of coming fall. Closing near new intraday low indicated more correction is pending.

WOW…..Indian VIX is 15.3150, increasing strongly. Means more low is due to be show. Index increased by 10.25% then yesterday’s high 13.8900.

Just look at Institutional Investor’s yesterday trade value. FII have bitten the market heavily, their net trade value was -841.68 CR, and DII have followed FII by selling by -289.66 Cr.

Sentiment of USA-China trade war and dramatic fall of rupee at 72.45 were the main cause of this fall. INR issue is more critical, no sign of recovery. Small investors don’t panic and wait at side line for a while, and wait for a good bottom to enter.

Strike 11400 PE made maximum Open Interest, contacts was 44, 29,575. Is very meaningful, Nifty future may break down below 11400 levels.

Key Support-Resistance level of Nifty future

At first couple of hours Nifty Future may take support at 11436. Below that vital support is 11416.Single closing below 11408 Nifty Future may meltdown to 11290.

analysis

Will try to take a reverse from any support level and in that case vital resistance is 11493/94. After crossing above 11533 Nifty Future will gain its strength.

Today’s Overview:

Intraday traders trade with strict stop losses, never average any losing trade with hope one day it will recover. If you do this mistake, then definitely one day market will recover, but you will be not capable to trade then.