Nifty option trading
- Thread starter Stock trendy
- Start date
DEAR FRIENDS I AM POSTING WEEKLY CHART OF DOW FROM 2010(IT MAY SHOW 2012 BUT THE HORIZONTAL SUP. LINE AT 14250 IS THE PEEK ATTAINED DURING 2012 IT'S AT THE VERGE OF COLLAPSE
THERE IS SOMETHING BREWING HOT BE CARE FULL FOLKS ON LONG SIDE
THOUGH WE DISCONNECTED WITH US N UK MARKET IF THERE IS SIMILAR TO THAT OF GOLDMAN SACHS IT WOULD DEFIANTLY IMPACT OUR MARKET TOO..
KEEP YOUR STOP LOSS IN PLACE.. TAKE CARE POSITIONAL TRADERS
WATCH CLOSING BELOW 17000 ON WEEKLY BASIS..
image sharing
THERE IS SOMETHING BREWING HOT BE CARE FULL FOLKS ON LONG SIDE
THOUGH WE DISCONNECTED WITH US N UK MARKET IF THERE IS SIMILAR TO THAT OF GOLDMAN SACHS IT WOULD DEFIANTLY IMPACT OUR MARKET TOO..
KEEP YOUR STOP LOSS IN PLACE.. TAKE CARE POSITIONAL TRADERS
WATCH CLOSING BELOW 17000 ON WEEKLY BASIS..
image sharing
Spot nifty weekly (FALLING WEDGE) TL sup..7780 fibo 38.2..7580
weekly cross down ...
upload jpg
COVERED SHORTS AT 7920.:thumb:
weekly cross down ...
upload jpg
COVERED SHORTS AT 7920.:thumb:
Nifty (7,655)
The Nifty could not get past 8,060 last week and instead fell to close at an 11-month low.
The week ahead: The base of the gap at 8,090 thwarted the Nifty last week and the index reversed to close near its previous trough.
As explained last week, the targets of the third wave, down from the 9,119 peak, are 7,925 and 7,475. Since the index is unable to hold the first target, a gradual move towards the second now appears possible.
In the week ahead, rallies will face resistances at 7,809 and 7,917. Reversal from either of these levels will be the cue for traders to initiate fresh short positions.
The zone between 8,000 and 8,100 is now a formidable resistance that needs to be crossed to signal that the short-term trend is turning positive.
Short-term targets downward are 7,584 and 7,423.
thehindubusinessline
The Nifty could not get past 8,060 last week and instead fell to close at an 11-month low.
The week ahead: The base of the gap at 8,090 thwarted the Nifty last week and the index reversed to close near its previous trough.
As explained last week, the targets of the third wave, down from the 9,119 peak, are 7,925 and 7,475. Since the index is unable to hold the first target, a gradual move towards the second now appears possible.
In the week ahead, rallies will face resistances at 7,809 and 7,917. Reversal from either of these levels will be the cue for traders to initiate fresh short positions.
The zone between 8,000 and 8,100 is now a formidable resistance that needs to be crossed to signal that the short-term trend is turning positive.
Short-term targets downward are 7,584 and 7,423.
thehindubusinessline
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