Free Stock market / Nifty intraday tips

Trade picture for tomorrow NIFTY, [email protected]

nifty-spot-intraday-chart

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 its can bounce uptp 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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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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