Nifty

Volatile year end expected

Nifty has witnessed almost 900 points rally from the low this expiry to the high of today. Rally was uninterrupted by bears at any day but it seems game was all over for bulls today. 7720 was my strong resistance on closing basis which has been intact even today but we also have witnessed a strong red …

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Nifty

Nifty filled up the gap and closed with a Spinning top!

Nifty has been in pretty positive mood these days compared to global peers where we are witnessing profit booking. Nifty opened up almost flat and remained in the tight range with a derivative resistance of 7700 through the first half of the day but than we did witness some fierce intraday sell-off which did not …

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Nifty

Closing above 100 Day Average after 4 Months

Nifty has given outstanding performance for this series which was not really expected from the bulls. Though its very difficult to pick up the lowest and highest price but still we did get enough part of the rally in our pockets. As i had mentioned in earlier post that Nifty has entered resistance cluster so …

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Nifty

Closing above 7600 wins back confidence

Nifty finally breaks the trap line at 7580 and we closed above 7600 above first time in last two months. My stop loss 7600 on closing basis have been triggered today. Technically, still the road is not clear to take a fresh longs as many resistance points are hitching around same levels. While todays high had triggered Double bottom target …

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Nifty

Trap Line getting stronger on Nifty charts

Nifty traders are victim of a trap line near 7580, which has been engulfing bulls since January’16. Today to we made high exactly at around 7580 which is a coinciding resistance of many studies. On the other side even the 7600CE has been witnessing continuous call writing since the start of expiry. Currently indicators are flat on daily …

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Nifty

Evening Star formed!

After a weeks Non-decisiveness on Nifty charts, today we have finally got a bearish reversal pattern. Though for a confirmation we need to get one more close below the same candle. Nifty was unable to trade above 7560 since a week and today Options data win which were continuously suggesting sell on rise. Though Reliance and SBIN which remained strong in …

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Nifty

Nifty ends with a bearish mood

Nifty had opened up near the resistance level as i mentioned in the morning near 7560 and we did trade above the same for few mins but we could not sustain above the same for much time. Markets had stuck in the strict range after opening hours and we ended with a Dragon fly Doji  …

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Nifty

7560 a trigger point level!

May be traders and analyst are busy with Daily charts of Nifty, but i guess many of them have missed last weeks closing on weekly chart. As you all can notice on the chart, last weeks candle has been a Spinning top or may be even doji resisting near to 7560 which is a crossing resistance level of a recent tops …

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Nifty

Nifty ends up with No clue!

Today was the most boring day for positional traders as we end up nowhere by the end of the day. We can call it a trap day for intraday traders as both bulls and bears were trapped at least once during the session. Traders are in confused state of mind for near term while expiry …

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Nifty

“Dark Cloud” almost covering Nifty

I may be sounding biased since last few days but i am still sticking with Sell on Rise strategy on Nifty as i have recommended on the post “Nifty in Reserve” Today to fuel more on my view, we have notice a possible “Dark Cloud Cover” candle stick pattern which is a bearish reversal pattern. Conditions of pattern are 1. First candle should be …

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