Nifty - Trade Intraday

[paras_123]

today could be interestin pattern, where i am expecting market to test near to its pevious close, closing previous gap downs and continue its downtrend, it may give you chance to long traders to exit around 5660 and 5680..... when it breaches 5650 after that, take short positions and continue with it.

Although still waiting for confirmation in the graph expecting volatility to increase around 11.20 till 1.30 in case of a similar pattern

 

[paras_123]

5650 holds a strong resistance from ORB and Fib levels.
today is bull reversal, tomorrow we may see higher levels... around 5680-5700

 

[paras_123]

two line break up happened at 5570.... martin pring wave analysis, now holds SL for bulls at 5580 as of today.

 

[paras_123]

short term rally is complete,,, i believe so.
One should see a test of 5600 in case we are heading higher.

breaching 5580 would let us see, 5490 targets.
fundamentals are not strong enough to take nifty up 6000 plus l

let's SEE

 

[paras_123]

initiate a short at a breach 5790,,, with a SL at 5835,,, with a expected targets 5720 and 5667 levels

 

[paras_123]

i am holding put at around 22.7 5500 PE may expiry.....
let's see wt happens

 

[paras_123]

today's Levels;

camarilla; 5865- 5804.
EOD pattern buying above 5865, as well Fib retracement at 5865.
HI Swing at 5894-97 levels
Support at 5812-10, 5800, 5784
ORB stands resitance at 5900, so as the Hi Swing
Go Long above 5865, look for selling below 5830.

Expectaiton is consolidation and selling pressure today.

 

[paras_123]

if we close below 5790, we will see more selling pressure,. and weekly downward targets

 

[paras_123]

SBIN - 2327 could be tested, above it 2336 is first target and it may fly further

 

[paras_123]

sbin - achieved