I Will Be Sharing Analysis Of Nifty For The Coming Weeks.
.
Presently, Nifty Is In A Strong Down Trend. The High Made On 05 April Was 18,190 Levels. If You See From There On We Have Started Making Lower Highs and Lower Lows.
Now, If You See Carefully, Nifty Is CONTINOUSLY Forming Lower Clusters. These CLUSTERS I Have Marked ON THE CHART As Cluster One , Cluster 2 And So On. As per technical analysis This Lower Highs And Lower Lows formation, Is An Indication and confirmation Of A Bearish Trend. Therefore, I Feel, Nifty Is Bearish For the Levels of 16,800 on The Lower Side.
Point To Note Here Is That only If We Break 16,800 On Daily Closing Basis We Will Hit 16,200 Levels and reach a level in Cluster 6, Which Is Marked With Red Line On The Chart And This Will Be MORE Bearish For Nifty. As Per the Trend Analysis, If We Break 16,000 Levels again, Which Is A Very Strong Support Zone.
Still, If We Sustain 16,800 Levels On Daily Time Frame, We Will BOUNCE Back To 17,400 Levels.
THIS LEVEL OF 17,400, Bulls Need To Sustain On Weekly Basis For Any EXPECTED Uptrend IN NIFTY. Once This Uptrend STARTS Nifty Is Expected To Hit 18,100 Levels OR MAYBE AN ALL TIME HIGH.
So To Summarize It All, I Will Share the Levels Again – Please Note & Remember These Levels
Bearish View – ONLY If We Break Below 16,800, YES REMEMBER 16,800 LEVELS, THEN BEARS WILL TAKE CONTROL AND Then My Target Will Be 16,200 and 15,600 Levels.
Bullish View – Only If We Break and Close above 17,400. Then My Target IN NIFTY WILL BE 17,900 and 18,100. THEN
SIDEWAYS VIEW – IF WE KEEP ROTATING BETWEEN 17,000 TO 17,400 LEVELS – THEN YOU SELL OPTIONS BETWEEN THESE LEVELS AND CAN MAKE MONEY.
thanks - please comment and ask questions
עסקה פעילה:
we are exactly rotating between the levels marked and the same was explained on the you ube channel. u can find out
עסקה סגורה: היעד הושג:
WE HOPE our followers made some money buy holding puts