NIFTY: If not breakdown, then price will bounce

  • NIFTY is fighting with control price and value low.
  • previous support 11836.

If not breakdown then, the price will back from the support.

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Footprint with a further prediction for JUBLFOOD.

  • An excess detected at the value high with price rejection, and another is at a value low.
  • During the fall from value high found the surging volume and broad volume at the value low.
  • The price is trading at value low with already formed TAIL, therefore stop loss should below support 1295 and target will be at control price 1335 above. If volume generates higher, a trader can start entering at dip price.

I have also plotted buy zone for long traders.

NOTE: we might see spike up side after small fall.

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Performance Chart

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Nifty Is At Support But Still Not Good For Long

  • We are seeing clearly (c) wave is our target but where is the correct short level…!
  • Presently, NIFTY is at perfect support.

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Buyers Are Waiting With Tight Patience For TECHM

See the rectangle in the chart “It can be called as excess” because it did not spend much time in these price areas.

Buyers still not ready to buy this stock. Therefore, wait for trade. We did not trigger still.

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NSE Reliance: Bearish Setup

Short Reliance 1366 nearby
Stop loss 1373
Target 1351 And 1344

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Intimidating spike seen on CIPLA but try

Just try to trade in buy range and keep stop-loss.
try two times with stop-loss. Here is a good ratio of reward than risk.

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PERFORANCE CHART.

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