NIFTY day chart analysis - Channel and 200 day SMA

8 mag 2019

200 day SMA and channel bottom support coinciding as shown.
A crucial level hence a bounce or break could be highly decisive in determining the direction of NIFTY in days to come.

For now we are on wait and watch mode.

14 mag 2019

Nota

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Moving towards the channel bottom as plotted.
Lets wait and watch to see what happens here before we take any position.

15 mag 2019

Nota

Moving as plotted

17 mag 2019

Nota

So far Nifty moved exactly as per our previous analysis. Finding support at the channel bottom. The bounce could be a temporary one and it could come and re-test the channel bottom again.
Currently on wait and watch mode.

22 mag 2019

Trade attivo

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NIFTY is still trading within the channel.

11050-10950 is going to be a crucial support. IF this support is broken then there could be a huge sell off towards 10450-10030

STAY AWAY FROM TRADING for next couple of days!

22 mag 2019

Nota

"Trading active" selected by mistake. Please ignore

23 mag 2019

Nota

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Channel top going to offer string resistance. Watch out!

23 mag 2019

Nota

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Channel top going to offer strong resistance. Watch out!
Retail traders enjoy the show by not trading for couple of days :)

23 mag 2019

Nota

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Nifty facing strong resistance exactly at the channel top as mentioned above!

4 giu 2019

Nota

Facing strong resistance t the channel top.

11 lug 2019

Nota

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