MoneyMunch

Rpower, is great opportunity for investor and short term holders

Rpower, is great opportunity for investor and short term holders. Actually this is great to buy in steps… for example, if you are going to trade 1000 shares,
First steps should be @13.6 (500shares)
And another steps should be Rs. 12.1 nearby…

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nifty

NF: Question is, what is up or down breaking points.

Since last few days, NF is trading in narrow range and fighting against triangle. As per researched, We might see big move while breaking it. Most of factors are favorable to up side breaking. Question is, what is up or down breaking points.

nifty

The answer is, Up break out facing 11020-45. & downward break point is 10867 below it.

Any side breaking with volume or Gap breaking Or closing base are possible.

Due to breaking Triangle, is not much reliable but option trading would give huge profit.

nifty-future-update

NIFTY future with Ascending Triangle Pattern

nifty-future-update

When this pattern occurs within a prevailing uptrend, it can signal a very reliable continuation of the uptrend. But NF can also break down here because, volume not increase as expected. We are thinking to target 11000 and then possible to break down 400-600 points.

Nifty future, something is bigger than expected.

We have updated NF with daily chart. Plotted both side move and range break out level on chart. This typed move will result you very big price move. Traders should be very careful during the break out any side.

There are important levels, 10974 and 10775. Breakout any side result you with bigger move. This bigger move can give huge amount of profit in option trade.

nifty-chart-intraday

This is current short term trend for NF

We have found the short term trend over the NF which is intraday between 10878 to 10988 as per chart. Look at the chart.

nifty-chart-intraday

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The support at 10876 nearby, what can keep NF around this level. after breaking. We might see more fall and increase volume to buy PUT 10800 NF strike.

And, another scenario is to act at resistance 10988.

NF has support @10500 nearby

Last update was trading in option of NF 10900 put @46 and now its traded 340 above.

Look at the chart, We did not update too much thing now. But we are waiting for clear picture of direction.

NF has support 10489 to 10511 but, as per current fall, it can break this support.
After breaking and closing below this support, NF can fall up to 300-450 points

We can see buying in option and NF at this support.