Nifty

Position : long

Intra Day Trade S 5663-5660 R 5738-5742
Positional Trade S 5625-5617 R 5777-5780


38.2% of 6111-5477 is @ 5719
Negative breakout TL at 5727 . So, Trading resistance itself stiff resistance

So Stiff Resistance breakout always initiate short squeezed..


Keep the sl 5617 positional on closing basis for all longs
Keep the sl 5650 for Intra Day.

Trend +ve

Expectation : breakout above the yesterdays high again one more short covering

Nifty

Bounce Back and Break the Closing basis Resistance 5650

Trade S 5663-5660 R 5710-5717
Trend S 5625-5617 R 5742-5750

Intra Day Trend : +ve
Day trend Trend : +ve

Buy around 5650-5640 with sl 5616(C) if it is a gap up then
Buy above 5727 with sl 5665(C)

above 5727 closing is the +ve sign for Nifty to get the lower tops trend line 5850+

Nifty

The swing 5971-5663 's 161.8% 5473 reached and now its around 127% of the same.

Trade S 5555-5550, Trade R 5576-5581
Trend S 5507-5498, Trend R 5607-5617
Closing Basis S 5470 R 5650

Intra Negative to Sideways
Daily Trend Negative
CMP-5568

regds/kumar

Nifty

Weekly Chart of Nifty


23.60% of 2252-6338 is @ 5373
161.8% of 6111-5663 is @ 5386
212 points Bear Gap from the trend line 6357-6338.

In the previous post i explained the same in hourly chart,  We are in the middle,
so wait and watch the for entry.

Trade Resistance 5546-5555    Trend Resistance 5606-5617

Trade Support 5470 Trend Support 5373

Cmp-5528

Daily Trend : Negative
Intraday Trend : Negative to Sideways