Monday, February 18, 2019

Nifty Chart

Banknifty Cash -  O-27017 H-27029 L-26635 C-26794(-394 points volatility)
Short term trend line 26700 EXACTLY bounced and closed above from the low 26635.
Swings 27589-26441 78.6% at 26686 . So range 26686-26635 will took major support on hourly chart. Todays close must be positive for further bullish. Folded resistance 27097-27148-27252,
Nifty cash - O-10780 H-10785 L-10620 C-10424(-165 Volatility)
10004-11118 swing’s 38.2% at 10692,
10583-11118 swing’s 78.6% at 10698.
As per EMA’s of RSI still bullish, range 10692-698 Hold on closing basis with complete bounce back from 620 on closing basis from 61.8% of the swing 11118-10333
4th Wave of the swing holds 38.2% then 11322. Multi-level support maintain for 2019.
Short covering above negative breakout trend line 10855©

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