Nifty Outlook for 9 July 2018

Nifty is now trading near the resistance and presently all technical indicators are also in positive direction. But we are waiting for selling zone ie. (resistance) 10,915 to 10,930 and support is 10,755 to 10,737. 

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Nifty Future is near the Resistance

We are seeing that resistance is near and planing to sell in between 10840-10947.Our target is 10600 and 10511.

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Triple/Double your PUT on Nifty, Ready?

There are big chance for you to Double and Triple your money over the NIFTY put but, we are waiting for exact time with ATR alert. Look at the chart, you can get some hit…

Yes, We’re waiting for PUT and choose Strike price If time …. then, We will alert you to trade… ! Remember Strike price also important when your target is Double and Triple in Option trading.

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NIFTY: This bounce can extend to 10326 to 10409.

We’re seeing bounce from low of 10148. This bounce can extend to 10326 to 10409.

They’re two scenario to take action on nifty:

Act with trend  Or wait for enough bounce and sell it on raise. And another is, buy with trend.

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Upcoming Points:

  • Political situation given the election schedule this year.
  • FOMC Meeting due later on Wednesday.
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The fascinating interplay between traders and Nifty50

Since many days we didn’t applaud any chart, we regret  for your inconvenience.

The nifty will  set up a shallow up-trend channel over the in coming  few sessions. The nifty has fall down as 10276, as it was relatively weaker than the last few session stock market again, and now it says that it may take support as 10276 and nearby that it will go up and resistance may take as 10,552.

 The Nearest important level of resistance of the Nifty50  index is at around 10631, marked by previous consolidation. The next resistance level may  remain at 10,552, marked by short-term local highs. On the other hand, support level remains at 10323 is near, marked by local low. “If the market continues lower, the potential level of support would be at 10323, marked by previous short-term consolidation”. So in traders mind it  may advise buying at 10323or near to that support  and go for the target 10,552 and more high.

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nifty-daily-chart
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Sellers have high probability on nifty index as per technical indications

Sellers have high probability on nifty index as per technical indications, therefore PUT of nifty jan. 2018 can buy 21-25 for targets 37 to 41 and after possibility for positional targets as 66-79 in 3-5 tradings days.

nifty-cycle-analysis

concluded by cycle analysis, it may come 180-300 points fall nifty in period short of time. In the above chart, “measured broad cycle size” is showing that it can fall and also observed all recently fall are same size as mentioned by box. Fall is not far so, be careful if you’re in long side.

  • All below “Moving Averages” are positive but ATR (average true value have strong support which can indicated big move on a day) ATR is at 84 points and today low is 10665 and high is 10754. The result of ATR tells us intraday bulls are over at, 10765.

MA 10
MA 30
MA 50

  • RSI (relative strength index) is representing at overbought.
  • World markets are negative

On 18th January 2018, China will declare quarterly GDP which historical GDP of china plotted on nifty for understanding affect of it.

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