Intraday update for a nifty spot with breakout point

After “Price Rotation” on daily chart in last nifty update, we have completely 400 points upward moved. Now uploaded Intraday 30minitues chart for spot nifty.

11900 nearby support as per channel and time-cycle, break this or closing below it with volume at 2 clocks today can see downward move. There is a chance to create (5th) wave of upward from channel support. Buyers will continue above 11900 buying yet, sellers can be active below this level.

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Identify the direction of nifty of 400 points will fill your pocket.

The switch between supply and demand is started at an excess point of the channel which means, its fight between bear and bulls called price rotation. I already predicted this excess earlier. In the recent day, we have a high spot nifty 11714 which is an investor’s memory level.

There is this kind of price rotation which forces the spot nifty to move either 11918 otherwise 11200 can force. Which direction will our is important for traders, Volume of the future will perform great to identify a certain direction.

We’re going to spike over nifty shortly will 1x to 5x your portfolio in an options trade.

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What About U-turn For Nifty?

still, nothing changes, spot nifty is trading at a value high with an excess formed already.

We have published the last Free article for Nifty is following;
Where is U-turn for NIFTY?
When we published this article, we claimed an excess(orange circle) which seen.

There is not confirm about U-turn(reversal) but there are many opportunities for this to happen.

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Where is U-trun for NIFTY?

Nifty walk as per our projected chart steps:

first update

second update

third update

Expecting tail our of channel area (out of Value High). The range of this area is between 11635-11700 for U-turn.

Therefore, a trader who is buying need to be careful.

If tail is found at the top of the value high, we will create a short position, otherwise not. As per this statement, the message for short seller is keep patience and trade with stoploss.

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Intraday chart and setup with option trade on NIFTY

If remember our 3 days before, then spot nifty exactly following it. Let me add here link of that.

Following link updated daily:

first update

second update

third update

Observer project in a chart.

Nifty is going to open 35-45 points positive, Resistance can be 11490 nearby and support 11428 nearby.

Trade-in options can generate a good amount of profit.

Positional side:
Price not far from 11560-11625 which is the long term channel resistance. The controlled price is too far from it. You can check the daily chart updated by us for clarification about this.

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Intraday trade plan for NIFTY

Yesterday, We have predicted Resistance 11395 (high made 11420) and reversed to the level 11312 after this resistance. It was closed 11331.

Above 11292 is good for (5) wave, therefore support 11297 nearby for up move. Break this support intraday will new downward move can start.

Note: (5th) is not confirm wave.

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