There has been a lot of profit booking by Fund-Managers on NIFTY

Suppose to close below or trade below 11760 nifty, then hold position for our mentioned targets… selling pressure are seen.

nifty-cash

As we saw yesterday, there has been a lot of profit booking by Fund-Managers. Although daily candle appears technically DOGI, this is a single of change trend.

Nifty price is still above 50MA and 200MA as plotted in chart also, which indicating positive bias in the short term.

Cash Nifty:
selling expected is 11729 to 11748 and below 11580 below is confirmation of changing trend.

Nifty Future:
Selling are not suggested 11786-11796 if you are not acted yesterday.
below to 11715, it can more and selling pressure expected to continue.

ATR is till normal which means not started downtrend.

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Nifty can open gap up 45-60 points up.

Last Analysis, ATR is till in its own range. Stop loss was triggered at 11585 and lost 35-45 points lost.

Nifty can open the gap up 45-60 points up.

Profit booking expected 11724-11734 by Fund-Managers. Short seller and short term down trend direct will predict after 108 -ve points on the nifty only.

Gap up opening and selling pressure can be expected in 30 mints of opening.

Trialing stop loss for short seller 11748 and 11777
targets can be 11510-11479

BUY put of Nifty Future 11700 between 48 – 66,

Trade steps,
For example, if i want to trade 10-lots,

  • First trade setup @ Rs.66 with 3 lots
  • Second trade setup @ 52 with 4 lots
  • Last trade setup @44 with 3 lots

Targets are 122 first and then 178-196

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Sell Nifty Future Between 11534-11557

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.

nifty-spot-chart

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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Downward Visible Targets For NIFTY

This is research on CASH Nifty

nifty-spot

Resistance line of the previous trend can stop for a short time.

  • First, is at 11294 and second, is at 11240.

This both levels are the targets for who has sold Nifty .

Profit booking can possible for short seller.

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11500 or 11000 below? last Resistance is for NIFTY

spot-nifty

Today, Nifty made strong bullish candle but, it’s having final and strong trend line resistance.

  • Trendline Resistance 12000-50
  • H & S pattern,

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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Trend changing viewed on NIFTY fut with chart

nifty-future-weekly-view

WEEKLY VIEW:

When you look carefully plotted all things on chart, you will find more important as mentioned below;

  • Short term trend is up.
  • All those which are original resistance will start from 10974 to 11142.
  • A good idea is that we should look for selling when short term trend change.
  • It can be speculated that on/after date 6th mar. 2019
  • ATR is at 125 pnts on daily based.

Starting to sell stocks or index are a better way between 10974 and 11142 while volume is raising compared normal. We will also provide some those stocks which are good to sell them.

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