Friday, August 28, 2020

Nifty Chart




 issued following statement earlier before 2 months, close above resistance 628 will be good for 11800+

Levels for positional :[ two days closed above 11200 will be good.  To confirm 11200 is good support Monday maintain above this level is must, almost matched with Target

predicted 11595-611] Closed above 11200 will be good for  11310 , 11377-390,  11510-525,

11595-611[11561 on 26/8/2020, 27/8/2020 high 11617] , good case 11823

Tuesday, July 21, 2020

Nifty chart



booking profits then and there




Book profit range 11198-11377+ and away from huge longs
Levels for retracement :
As per Fibonacci Nifty sustained 10555 will be good for 10827-850 [261.8% of 10046-9544]  max 10969-999, good case  11194 with sl 10800 [trailing from 10470 to 10400 then 10800]
 levels for positional :

Closed above 11200 will be good for  11310, 10377-390,  11510-595 good case 11823

Saturday, July 11, 2020

Nifty chart



 why 10827-845 was strong resistance? hit 10811 on 06/7/2020
hit 10813 on 07/7/2020
hit 10847 on 08/7/2020

hit 10836 on 09/7/2020
hit 10819 on 10/7/2020




 Why nifty struggline to close above 10827
because7511-9889 swings 138.2% at 10797
10046-9544 swings 261.8% at 10858

extension of same swing's 138.2% at 10843
swings 8806 10238 swings 138.2% at 10909




why 10550 was strong support?. because 12430-7511 swings 61.8% at 10555 [that is why strong selling from here to 10194, and breakout done on 3/7/2020 with gap above this number and low maintained 10562 , past 5 days [whole week] sideways and range bound from 10676-10847