Hi Friends, Hope you all enjoying our nifty weekly review and expect some feedback from the you please let me know anything which you want to know about don’t scare I will not charge for it.
Note: For new reader long means buying and short means selling
Nifty Review For 24th Jan to 29th Jan
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Once More As per our prediction nifty behave similarly and As I had mention in my
last week nifty review once 5170 gone remember to sort the nifty and index can drag
till 5050 without much effort and see the target achived.
Now we will see what ahead what it next .
Friends we have seen fall in index as an when nifty spot could not hold 5170 mark quest question is can nifty once again clime to the high?
Answer is no not in near term if it does then friends its opportunity to get out from the
from the market where you are in profit.
Reasons--
Nifty is looking weak on weakly chart clear sign of weakness.
Nifty is not a single index which got hammered last week, we have seen sharp fall in dow
that is my concern dow took almost more than 3 months to clime the high but within 3 day
index fall like playing cards, Friday I was hoping dow will at least hold 10284 level which was
strong support for dow but I could not.
So, Frankly friends we are expecting sharp fall in nifty once dow break 10k level be cautious
don’t do any delivery base trading even we have stop all our del base calls .
levels for next week-
1) we suggest to go short if nifty reach toward 5075 mark
2) we suggest to go short if nifty could not hold 5003 mark(broadly 5K)
3) if gap down opening then dont try to jump in morning wait for index to come around 5k mark
then short remember.
4) if nifty can’t hold 4940 level then again go short.
Note -> Don’t go long it better to stay out of market than regret
Happy Trading!
Nifty Review For 10th JAn to 15th JAN
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Last week we have seen nifty behave same as we have written in our nifty review section.
So, same question what next what can happen.
We have seen 5300 acting as resistance level while 5180 acting as an good support .
Start of next week I am expecting nifty try to test 5180 level once again so, we are
Recommending to go long around this level remember to maintain 5170 as an stop loss
to the position because if 5170 does not hold the n nifty will test 5130 then 5080 mark.
One can go short around 5270 mark with sl 5300 for the target of 5180 remember to go
Short once again if nifty could not hold 5170 spot level.
Nifty Review For 4th JAn to 8th JAN
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We have seen last week was sort of range bound after nse change timing for trading session
with nifty is facing resistance around 5300 mark. So , Question is what can happen next week will nifty start drifting down of will it cross 5300 mark ?
Today we will see what we are looking on the nifty chart with help of Image I have posted
After every run up nifty is taking rest by consolidating around higher band of nifty which is good sign and showing strength in market.
For upcoming week we feel trend of nifty is still positive stay on long side with caution nature.
We feel nifty will consolidate some more time in the range of 5180 to 5300 so for next week we suggest.
1. Trader to buy any deep around 5200 mark with stop of 5180 closing basis sell around 5300 or buy the nifty closing above 5300 level nifty with a target 5500 mark .
2. Go short below 5180 closing basis with the stop 5230 level which can drag nifty till 5050 mark.
