Free Stock market / Nifty intraday tips

Next week: correction in nifty will be possible 8450 around

nifty-daily-chart

last friday we had updated for your nifty future have resistance, and you can use 8200 put for trading. Click here to see full update. This update is also till good for you in trading.

Look at the chart (This chart is updated for coming week)

nifty-daily-chart

This chart is telling us that this nifty future is very close to crashing. Trouble is coming to world markets, and it may start in Europe. The is already recovered much therefore, The market is overbought.

Swimming trader can start profit booking 8450 level around. Nifty sleep to 8300. Don’t advisable to take long position at this time. If market move up then, be silence until 8450.

8200 Put of nifty is good for trading as per previous analysis.

Coming Points to be considerable:

  1. GST Bill in the next parliament session that will begin on July 18
  2. Equity markets will remain shut on July 6 for Ramzan Id holiday

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5 Comments

  1. Yes 100% agree with Correction around 8450.00 and nifty slip minimum 8200.00 level soon if able to sustain above 8200.00 level closing basis again 8500.00 possible …

    MAJOR SUPPORT JULY MONTH CLOSE 1-2 DAYS BELOW 8070 LEVEL FOR DECLINE TILL 7870-7590 SUPPORT 7500

    THANKS & REGARDS,
    SAYYED MIR AKBAR ALI

    1. sir i bought 8200 put at 67 rs at market closing time .can i hold or exit.or wait to short at 8450 level only pl guide me sir
      cell 9865***01

  2. sir i had long position in the aban offshore had1000 at 234 if i continue to hold or exit??? please advise

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