Nifty Key levels for day traders

[sumitdasjoshi]

Hey what is a support level for today

 

[findvikas]

last support from me is 4770... below that free fall ...

actually its taking support at 4780-4775... FUTURES...

 

[linkon7]

intraday
4808 level : above this, we can go long...

 

[linkon7]

Weekly timeframe

TCCI crossed the CCI and CCI made a hook. We are 57 points above the EMA-34 and CZI is blue.

We can safely assume that if the low of the last 2 weeks (4687 and 4668) are not tested then we are on our way to break the 5160 mark...

For this, we have to close above the bear channel (4836) by the end of this week...

P.S. : this is a weekly chart, it does not mean we will hit 5160 tomorrow... Bar will complete only on friday and next bar will add some more dimension to the chart...

 

[findvikas]

Below 4808-4805... once again back to 4770? In futures?

 

[findvikas]

P.S. : this is a weekly chart, it does not mean we will hit 5160 tomorrow...

here your signature applies... assumption is the mother of ...

 

[findvikas]

Below 4808-4805... once again back to 4770? In futures?

I was just typing it and it broke 4808... ahh... lets go test 4770

 

[linkon7]

On a daily TF,

As of now, we are getting a ZLR signal, but the diff in cci is just less than -1.
we are still 150 points below the ema 34, so our next big resistance should be 4950...

4751 is the entry into the bear channel and till we give a closing below that level... We can safely assume that we are on our way to touch the ema-34 or we'll pause here till ema-34 comes to us...

Either ways, there are no reason to go short, we cant build aggressive longs either... so a bull spread seems to be the best solution.

 

[findvikas]

I had almost free puts and now they have become negative puts... 4500PE cost me just -7Rs... so I should hold onto

 

[findvikas]

Reliance can drag nifty alone ... 1007...