NIFTY INDEX VIEW FOR THE MONTH

6 thg 1, 2019

NOTE:-
Traders,viewers and other analyst are free to express their opinion and suggestions regarding this article.
View on the Index

NIfty has formed an sysmmetrical triangle on a daily chart and it is confirmed!!.
*So a break above 10930 on closing basis shall confirm the uptrend towards 11080.
*If i am wrong then we shall use the upward sloping trendline as to exit the trade.
Reasons for a upside breakout
*Note that i had given a long trade on banknifty on thursday on the basis of crucial support nearing and the
"GOLDEN CROSS".
*10700 nifty put option has seen great amount of put writing and call unwinding.
*Although 10800 call option has seen some writing but the initial opening of the index above 10830 shall
spook them.
*That will be confirmed once market sustains above 10774-10830 for inital hour that will lead to some
serious short covering.
*If you notice the small picture you can see a clear trend emerging for e.g the 20-dma is about to cross the
200-dma but the bigger picture is where the 50-dma is evenutally rising and will finally cross the 200-dma in
fews days time(15-20 days period) giving as a "Golden Cross".
*Shorts might get trap,Symmetrical triangle breakout can be expected on the upside and moving averages
showing us a picture.
PLEASE NOTE
"I MIGHT BE WRONG TRADE WITH YOUR OWN DISCRETION WITH STRICT STOPLOSSES"

7 thg 1, 2019

Giao dịch đang hoạt động

One can create longs with stop below 10725
as expected index will move between 10774-10830
If these levels are sustained in inital hours we will see a breakout above 10845
Target for the longs positions are 10930-10980-11035-11080
Note levels are according to cash levels
please adjust for futures and options

7 thg 1, 2019

Ghi chú

Added fresh longs with the above given stop
please note markets are volatile trade with caution

8 thg 1, 2019

Ghi chú

Please hold your longs with the above given stop
"One can add new longs once the market crosses 10830 on closing basis"

9 thg 1, 2019

Ghi chú

!!INCREASE YOUR STOPLOSSES T 10825!!
!!EXIT IF BREACHES THE LEVEL!!
!!NIFTY CAN BREAK THE LEVELS OF 10930 THIS WEEK!!
!!PATTERN BREAKOUT NEAR!!

9 thg 1, 2019

Ghi chú

!!EXIT TRADE VOLATILE MARKETS!!
!!WE EXITED WITH A STOP OF 10825!!

!!NOW WE WAIT AND SEE IF IT BREACHES 10725 IF NOT WE ARE ADDING LONGS BEFORE CLOSE!!

9 thg 1, 2019

Ghi chú

DID NOT BREAK BELOW 10725 ADDITIONALLY DID NIFTY AND BANKNIFTY GIVE A FALSE BREAKOUT ON THE DOWNSIDE??????
WAS THERE A TRAP!!