My Picks
- Thread starter padiyaraa
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Nifty : 8625
Resistance: 8646
Support: 8588_ 8538_ 8495 & 8451
All above values are pivot levels only. Res: 8646 is monthly pivot and sup: are weekly pivot supports.
Nifty at the falling trend line resistance show hesitance to follow up move, will come down to lower level.
8451 is also a 50 % retracement level from 7927 to 8969 top, precisely 8448
A bullish view will start on a closing above 8646 only.
Resistance: 8646
Support: 8588_ 8538_ 8495 & 8451
All above values are pivot levels only. Res: 8646 is monthly pivot and sup: are weekly pivot supports.
Nifty at the falling trend line resistance show hesitance to follow up move, will come down to lower level.
8451 is also a 50 % retracement level from 7927 to 8969 top, precisely 8448
A bullish view will start on a closing above 8646 only.
Last edited:
This post is to generate caution among
my viewers and not to frighten anybody.
Nifty is about to fall from a descending triangle,
and the pattern identification if correct, the target could be around 8045.
For the levels, to find, no other way than going steps by steps,
Hopes 8450 will have strong support.
so watch care fully, and do not catch falling knife.
I was thinking of buying 24NOV2016 8800 CE near 8450 .
But a straddle, pair with same 8300 PE (approx. Rs:35+ Rs:55= 90 now)
seems to be ideal in that situation.
See the close below the Gann angle
my viewers and not to frighten anybody.
Nifty is about to fall from a descending triangle,
and the pattern identification if correct, the target could be around 8045.
For the levels, to find, no other way than going steps by steps,
Hopes 8450 will have strong support.
so watch care fully, and do not catch falling knife.
I was thinking of buying 24NOV2016 8800 CE near 8450 .
But a straddle, pair with same 8300 PE (approx. Rs:35+ Rs:55= 90 now)
seems to be ideal in that situation.
See the close below the Gann angle
Last edited:
Nifty: 8434
Broken from the descending triangle,
the falling trend line support also broken,
but closed above the trend line having a support at 8430.
Now nifty is irresolute, waiting for and eventful day,
so any guessumpion will go futile. Levels to follow is definitely
8400 at bottom and 8504 is the new weekly pivot.
Entering back to 8504 the descending triangle is invalid ,
and above 8556 no worries for long, we will see new highs.
So luck start from 8504 for bulls. Good LUCK everyone.
Broken from the descending triangle,
the falling trend line support also broken,
but closed above the trend line having a support at 8430.
Now nifty is irresolute, waiting for and eventful day,
so any guessumpion
will go futile. Levels to follow is definitely 8400 at bottom and 8504 is the new weekly pivot.
Entering back to 8504 the descending triangle is invalid ,
and above 8556 no worries for long, we will see new highs.
So luck start from 8504 for bulls. Good LUCK everyone.
Nifty:8497 (3month Daily chart for a closer look) on crossing above 8556 minimum target is 8670
A firm closing above 8556 is important. It is a confluence resistance. Watch the gap, the high5 EMA all etc. near 8550,
and never nifty successful to close firmly above the high5 EMA in all these fall from top. Contrarians says, So itt iss moving average
A firm closing above 8556 is important. It is a confluence resistance. Watch the gap, the high5 EMA all etc. near 8550,
and never nifty successful to close firmly above the high5 EMA in all these fall from top. Contrarians says, So itt iss moving average
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