Today’s 14-ATR is at 110 & Pre Closed 11445
11445 – 110p
Suppose to break breakdown today this 11335 level, then ATR can raise.
Conclusion: Don’t believe Nifty has started downtrend.
Below level are for NIFTY Future:
Intraday resistance 11534-11557 for targets 11429-11400 (support)
Shorter seller should keep stop loss 11580 above
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If you know how to find volume and how to evaluate it, almost nothing be hidden from you- not even FII/DII, neither bullish or bearish market, not the likely direction of future price.
Everything seems to be evaluating and its seen here that is clearly a break-up. There is no worry after cross above 358.
For considering another scenario, Price interval is possible.
Safe buyers can put alert to buy 338-345 and, short term investors can enter 348 nearby for the target as mentioned in the chart.
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LockThis is research on CASH Nifty
Resistance line of the previous trend can stop for a short time.
This both levels are the targets for who has sold Nifty .
Profit booking can possible for short seller.
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LockWe have update 3 charts here,
BYKE(NSE), looking to push through resistance right here. Find out why we could see new highs this afternoon if close or moved above 35.
Looking at the trough it seems that there is no blockage of any kind to move the price up.
Buyers are increasing from 33, if price move 35 above is no worry for Investors or Swimming traders too.
Past Resistance has been broken today.
on the daily chart , 200MA is at 89.2 and 50MA is at 40.
first targets is Rs . 39.6 and suppose to cross this price in gap up then, wait for targets Rs 79-82
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Lock
Today, Nifty made strong bullish candle but, it’s having final and strong trend line resistance.
Generally, Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223 points is 2% Penetration of LEFT SHOULDER. 11176 + 223 = 11400
For the H & S pattern, 11400 may be a maximum value of RIGHT should with penetration of 2%.
I will update here tomorrow exact trade…
updated after opened market.
here profit booking can start on NF, between 11287-11308
Active PUT 11200 march, buyers expected 18-22.
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These three major points are very important to understand, which have played the role of resistance in the past.
94 points(11185-11091 = 94) of area are crucial for up move.
Keeping in mind both side move;
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