Great effort by Bull and Bear.Almost 200 points fall from day high.
As i said in previous post, that Bears are now more powerful than bulls,and
bears group will drive the show.
Great fighting by Bears and it seems that
we entered into the bear rally.
The weekly chart is also turned to bearish and its a sell on every rise weekly basis.
Now due to strong down side rally, Nifty Future is at over sold zone in hourly chart,
and ready to give a bounce back.
Now just see the daily chart -----
Nifty Future breached almost all vital Chanel supports today itself.Now due to over sold zone, Nifty Future definitely will to go up towards Chanel resistances.
And if you look at Dow future, its also falling.
Hang Seng Index is also fall today and is trying to fill up its previous down side gap.
So due to these world indices , a gap down opening is also expecting, but not sure just expecting.
Whatever the opening will be, NF can go up side after opening.
Nearest up side resistances are at -
1> 5759-5763.
2> 5782-5793-5797-5800.
Its a sell on rise. After few up side momentum after opening, expecting NF will be ready for next fall.
Down side target levels i am expecting ---
1> 5664-5627.
2> 5619-5606.
Lets see..
If any new thing starts happening tomorrow , then will post, or any thing left today then also will post tomorrow morning.
All levels are for my own trading targets and supports and resistances. Others can use it for educational purpose.
I really thankful to you I bought 5700 Put and I am caring Pl advice when to cover @ 5665 or blw
ReplyDeletemy yahoo id jatin717
Once again you r genius.
Dear Siddharth,
ReplyDeleteAll the best... as you have resume the journey again.I shall definitely visit here as the time permits to "Just Trying To Find Out Some Important Levels"
Basically I appreciate your views ...and above all Blogging is nothing but trying to finding out the hidden potential of oneself by himself,& the comments there after is nothing but sometimes second opinion or other side of the coin ....!!is my definition...so all the best.
Dear mynac sir,
ReplyDeleteThanks for your visit and comments.
Compliments from a senior person with great knowledge of trading like you will always help us to grow up, and your presence will always help me to work hard more.
Thanking you again.
With Best Regards
Siddharth.
Dear operator,
ReplyDeleteThanks for ur compliment.
U can hold your position up to 5664 or up to 5619.
Though its a sell on rise, but i will post again after 2.30pm today if require.
With Best Regards
Siddharth.