Trade Picture For Tomorrow NIFTY, Sold@11797

Yesterday we sent to subscribers: Sell NF 11789-11798 with stop loss of 11824 targets 11724 and 11611-11578

First target has been achieved.

nifty-spot-intraday-chart

Nifty closed at S. 11624 which give it move.
Short trader should keep stop-loss 11679 above as trial.

Intraday R. 11659 nearby (seller can come to this point intraday) with intraday support @ 11575 nearby.

NIFTY FUTURE:

Pivot S 11702,
Intraday targets 11668-11676 and this is support also.
Suppose to not break 11670 below, then it can bounce upto 11724-11748 and upto resistance 11770.
Below to 11670, NF is not can fall 100-130 points.
Resistance is too far at 11776.

daily-chart-nifty-future

Nifty ATR is at 111 which means if short term downtrend started, then 11635 -111 = 11524 below.
Double Top is not clear still.

  • RBI monetary policy on April 4.
  • The selling in the last hour.
  • Forming ‘Bearish Engulfing’ pattern on daily chart.
  • The short term trend of Nifty is weak.

NOTE: Both charts are for SPOT NIFTY.

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Outlook For Intraday: With Projected Levels To Speculate.

In the last update, We have suggested buying PUT 11700 @40 -64 and it was not achieve the targets (high was made 88)

nifty-intraday-output

SPOT NIFTY: 11660 below, Nifty require to update new projection. Projected prediction for intraday with R 11778 nearby and S 11712.

Nifty future: Resistance is 11827-11841 and below to 11750, Nifty can fall more…

  • World markets are mixed and flat.
  • Don’t suggest to take any long position, R 11760 spot nifty.
  • No real need to panic buy in advance because, anything can happen (no reason to act in a panic either in buying or in selling)

Nifty follow exactly followed our projection:

Below call given to subscribers:

sell NF 11789-11798 with stoploss of 11824 targets 11724 and 11611-11578

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nifty-updated
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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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