What a strong up move, huge opened short probably closed today.
NF cmp is 5673.
Now what next --
Currently NF is at OB zone.
A strong up side Chanel resistance is at 5702 - 5706 level.
Above this level If NF sustain then can move higher level up to 5757 and 5783 level.
But due to highly OB condition, probably NF will not sustain above 5702 - 5706 level, If can cross 5692 ( Today's high ) .
And If trade below 5690 , then NF can fall down side up to these level's -----
5601 , if break then 5591, if break then 5577.
All levels are for my own trading target levels and support, resistance level. Others can use it for educational purpose.
I am really appreciate your level What a perfect judgement you have. If possible how can I start chart reading. I am really your fan.
ReplyDeleteDear Operator,
ReplyDeleteThank u.....
OMG...fan... ha ha..my dear, i am a small reader of stock market and trying to find out some targets, resistance and support for nifty future.
U can also do it.
watch the movement of NF in various time frame(TF) like minutes, hourly , day weekly, monthly in charts.
and use some moving averages, use some indicators in various TF charts.
calculate some fibbo level.
draw some chanels in charts for possible support and resistance.
learn some basic theory for charting.
keep in mind some pivot levels for various TF.
and most important always try to learn some thing new and add that in tools segment.
always keep learning from market and always try to fix some good stop loss area.
Try all and develop some habits of it.
Good luck and Best wishes
With best Regards
Siddhart Dhar.