TORRENT PHARM Intraday + positonal. (15min dips research)

Due to falling the price, there is very low volume -> (not interested sellers)
After strong price rotation, up spike has been seen -> (buyers wining)

Buy above 1544 is not bad idea VS buying at the dips in support is accurate trade.

This call given to SUBSCRIBERS 29th, May 2019 in last hrs.

BUY TORNTPHARMA EQ stoploss 1508 and buy 1514-1518 and targets 1574

for the more accurate of profit booking level will update soon.

Stop taking long position on TCS…! reason behind it?

  • The left side to the right, each excess have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal the trend.
  • With TimeCycle analysis, 1st-phase has 43bars and 2nd-phase and 3rd phase till continue.
  • Turn on your eye on volume , it’s reducing.

Prev. Resistance is at 2194.5, so seller and profit booking can be seen that time with a TAIL.
Short sellers have two points of target, one Control Price target 2117 nearby and prev. strong support at 2051.

Words for nifty: choppy, range, side-way and break up-down…

In last update, We have book good amount of profit from the option trade:

Comment: BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
Comment: start booking on NIFTY PUT… CMP 102

Click here for last update:

nifty-spot-choppy

From the daily chart view, is signaling a sideways range movement in the market. Short term trend of Nifty is choppy and will expect to trade in the range of 11547-11636 intraday. after breaking, up-side will require a new update and downside breaking will lead to attracting target 11476-11489.

Intraday resistance at 11636 nearby where sellers can start taking thier steps for target 11476-11489 if breaking down 11545.

  • The general trend, however, is expected to remain bullish. General elections on April 11.

Nifty view for BJT or NOT BJP with intraday trade.

Overview for NF on Fundamentally basis, if BJP for 2019 election, Nifty can move to 15150-15878. Other scenario would be on loss for the BJP. Nifty can be highly volatile and nifty can be see 7900-8600.

We’ll find soon exact direct and level soon with chart.


Yesterday, We have written that NF is weak and can fall more… you know what happened today!

nifty-future

Look at the chart, there’re more things happened.

  1. Engulfing Candle-stick (Bearish single).
  2. Last hours seen selling over the NF.
  3. Support 10466 (which can perform nicely)
  4. below this support NF can fall much and more.

Selling will be continue below this 10566 level, and we will also keep selling below this.

Nifty’s down trend has been started?

Yesterday Nifty high was 11504 and started to move down at 11322. It was big move over the single.
We have clearly updated that 11450 is the support and its was broken then, Nifty future moved to 120 points from this support as EXPECTED by us.

Intraday 11304 is the support, if break this support then, we can see more 40-78 points down. till there is not any single for up-trend but…, we have seen parallel flag pattern trend where nifty trading closely with downtrend line.

Intraday Resistance is 11384 where selling pressure can start again only intraday.