So as we studied,
NIFTY gave a chance to Sell-on-Rise. The index went up to the day high and then dropped.
But here’s the interesting part – even though price fell, the candle closed red, and it ended below Friday’s low, the buyers’ volume was still higher by 60 million.
That’s a classic sign of accumulation!
So yes, I’ve entered the first batch of index longs. Even if it dips further, I’ll be accumulating more.
Now let’s check the data for tomorrow:
- Pivot is now at 24677, and PP is 0.17
- Retail index down but buyers’ volume up = classic sign of institutional accumulation!
My plan for tomorrow is simple – I’ll add more to the longs I bought today if Nifty opens above the pivot.
The upside target is resistance at 24850.
Support is at 24580.
On the equity side – yes, we saw a sell-off on Friday and swing supports were broken. But today, stocks didn’t get any strong follow-up. I see this as manipulation and liquidity grabbing.
That’s why I didn’t sell anything yet. In fact, I’ve added more to my holdings –
KROSS and
HINDZINC .
For tomorrow, I’ll be focusing on #Commodity sector. And from now on, I’ll also start hunting for my Earning Pivot setups since quarterly results are here.
That’s all for the day. Take care and have a profitable tomorrow.
---
📊 Levels at a glance:
Pivot: 24677
Support: 24580
Resistance: 24850
Pivot Percentile: 0.17 (supports accumulation view)
Bias: Long buildup, add more if above pivot
Sectors to watch: Commodities, Earnings Pivot setups
But here’s the interesting part – even though price fell, the candle closed red, and it ended below Friday’s low, the buyers’ volume was still higher by 60 million.
That’s a classic sign of accumulation!
So yes, I’ve entered the first batch of index longs. Even if it dips further, I’ll be accumulating more.
Now let’s check the data for tomorrow:
- Pivot is now at 24677, and PP is 0.17
- Retail index down but buyers’ volume up = classic sign of institutional accumulation!
My plan for tomorrow is simple – I’ll add more to the longs I bought today if Nifty opens above the pivot.
The upside target is resistance at 24850.
Support is at 24580.
On the equity side – yes, we saw a sell-off on Friday and swing supports were broken. But today, stocks didn’t get any strong follow-up. I see this as manipulation and liquidity grabbing.
That’s why I didn’t sell anything yet. In fact, I’ve added more to my holdings –
For tomorrow, I’ll be focusing on #Commodity sector. And from now on, I’ll also start hunting for my Earning Pivot setups since quarterly results are here.
That’s all for the day. Take care and have a profitable tomorrow.
---
📊 Levels at a glance:
Pivot: 24677
Support: 24580
Resistance: 24850
Pivot Percentile: 0.17 (supports accumulation view)
Bias: Long buildup, add more if above pivot
Sectors to watch: Commodities, Earnings Pivot setups
TrendX INC
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TrendX INC
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.