New Trade Setup For Spot Nifty

If we ignore the RESPONSIVE result and initiative move, We get the Channel. As per channel, Final support 70 points far from current trading value. But in the meantime, two supports have existed, which are 10938 previous acted and 10916.

Trade SETUP from this channel,

  • PLAN A: Buy Nifty 10917 nearby with stop loss of 10900 below for targets will update after executed level.
  • PLAN B: Nifty 10875-55 with protective stop 10840 below is 10900 for targets will update after executed level.

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Doji, Demand & Supply for Nifty

The price is attracting toward the Gravitating Value side, which is already drawn by “a”, “b” and “c”. In the short time of period, how and why price again coming(“d”)?

At the “d” point, we’ve got DOJI(price rejection).

x, y, and z are the demand area from where price bounce to the upside.

The following scenario can be considerable,

  • 1) If a price is moving more up, it will not close above, 11150 above. 11181 is the last rejection area.
  • 2) For downward move, targets 10925-10950 in short term if “d” point confirm.

Expected opening flat and, Intraday R 11148 to 11181 and support 11065-55

Trade setup for NIFTY FUTURE will be for subscribers.

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Exactly Seen Seller Action On Banknifty

Detected Tail: price rejection with sellers activities.

A box which was drawn after the tail is sellers area. If price surge with above it and we see the again tail will confirm of selling 28310 nearby.

I ll update later accurate target.

BANKNIFTY target updated on 2:00 PM 28th, AUG 2019

In the last update written to sell banknifty 28310 nearby but, I did not mention target and told you that will update shortly.

Banknifty made high 28245 and started fall down.

Target banknifty 27743(trendline support) and breaking / staying below it will be a target at 27605.

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Where To Sell BANKNIFTY?

Banknifty resistance starting from 27777 to 28073 as per channel.
Last update was for paid customers at 27777 for sell which was below (4).

 

  • Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. We have created a sell strategy for NIFTY
  • Wall Street opened lower on Friday.
  • Oil prices fell on Monday.
  • Moody’s Investors Service on Friday cut India’s GDP growth forecast for 2019 calendar year to 6.2
  • percent from the previous estimation of 6.8 percent.

 

Let’s look at a higher timeframe chart.

 

As per the daily chart, fall is still left but the question is where to sell?
Detected tail in the last secession.

BANKNIFTY target updated on 2:00 PM 28th, AUG 2019

In the last update written to sell banknifty 28310 nearby but, I did not mention target and told you that will update shortly.

Banknifty made high 28245 and started to fall down.

Target banknifty 27743(trendline support) and breaking / staying below it will be a target at 27605.

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The spot NIFTY : Trade Setup for Monday

There’s two PLAN for trade.

  • PLAN A: (Trade with Risk) Short Sell 11028-11057 with stop loss of 11067 for the targets 10911 and 10822
  • PLAN B: short 11100-11125 nearby with stop loss 11158 for same targets 10955 and 10822

Only above 11195 above, Positiveness expected, otherwise, the possibility to move 10800-10650 (New low).

NOTE: actually, alway buy at excess when it at value low, but presently we have created short plan because resistance.

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Report Of NIFTY With Daily Chart And Intraday Chart

The spot nifty is following channel of 15 minutes chart.

Reference of timeCycle(i), We have projected timeCycle(ii) for the target (4rth wave) at 11280 expected 20th AUG 2019.

The control price also can gravitate the price toward 11280, if this 3rd wave is clear.

Worry about long traders 10923 below. Suppose to break this level will create heavy short position.

An excess(iii) has been found value high, therefore expected excess(iv) at value low which is still not created. As per this statement, the Fall is still left.

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