Nifty
Observations
- Nifty trading in yellow channel from April 2021
- Since May 31, 2021, Nifty has been sideways (trading mostly in a 300 point range)
- the orange line has acted as a road block
- the lower side of the yellow channel has provided support on 4 occasions so far
- if Nifty comes to lower end now of the yellow channel, it could be it's 5th attempt and that may not be a good sign in the short term
Nifty likely to change gear and shift to red channel.
Important levels on the lower side 15780 / 15628 / 15450
Important levels on the upside 15960 / 16030
I would be writing another post on F&O Data analysis. Some interesting stats are coming up... So keep watching
If you don't want to miss an update from me
Like & Follow...
But don't just follow me blindly....
I encourage you to learn to identify opportunities independently
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observations
- Nifty trading in yellow channel from April 2021
- Since May 31, 2021, Nifty has been sideways (trading mostly in a 300 point range)
- the orange line has acted as a road block
- the lower side of the yellow channel has provided support on 4 occasions so far
- if Nifty comes to lower end now of the yellow channel, it could be it's 5th attempt and that may not be a good sign in the short term
Nifty likely to change gear and shift to red channel.
Important levels on the lower side 15780 / 15628 / 15450
Important levels on the upside 15960 / 16030
I would be writing another post on F&O Data analysis. Some interesting stats are coming up... So keep watching
If you don't want to miss an update from me
Like & Follow...
But don't just follow me blindly....
I encourage you to learn to identify opportunities independently
Disclaimer:
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.