1. Supports are at about 6100,
6072, 6063, 6053 and 6046 while resistances are at about 6137, 6171 and 6225.
Two +WWs give about 6194 (once above 6097) and 6260 (once above 6068) (+WWs with
higher targets are not mentioned as of now). Four -WWs give about 6084 (once
below 6135, which is yet to be reached), 6050 (once below 6124), 6042 (once
below 6113) and 6008 (once below 6063) (-WWs with lower targets are not
mentioned presently). A rising wedge BD can give about 5936 unless nifty
remains above 6153. A falling channel has broken out and can give 6138 unless
nifty goes down again. A complex HnS can give 5928/5867 if nifty goes down and
remains below 6079.
Nifty rose again and closed above 6100.
However, it is still not bullish unless it closes above 6170 to begin with. If
it closes below 5900 then next level can be 200 sma, which is at about 5760+. A
high value of VIX and PCR can cause sharp and sudden movements. Only a
noticeable drop in them along with global cues and/or liquidity can take nifty
up further. Trade carefully as expiry is near.
2. PCR up at 1.25 and VIX up at 17.12.
Pre-open data suggests a +ve nifty after a slight gap up open unless it remains
below 6120 by afternoon.
3. AS PER 9.30 STRATEGY, SELL ABOVE
6127NF, TARGET 6067, SL 6157.
4. Target of first -ww met.
5. Target met without giving chance of an
entry.
6. Nifty opened up with a slight gap and
quickly reacted. However, it recovered late in the day to make a lower high and
a higher low than those yesterday before closing -ve and also below yesterday's
close. The target of first -ww of the first post was met as also the target of
9.30 strategy trade but without giving chance of an entry. The daily candle is
a hanging man.
The intraday
chart of nifty spot values with 5 min candles is shown below.
No comments:
Post a Comment