Tag Archives: nifty next week target
Last trading day Nifty have finally closed above its short term resistance mark of 8820. Last Friday Nifty opened close to 8900 and tested 8820 from there on the downside, bounced up and retested 8820 again and finally managed to close at 8821.70. Now where is Nifty headed? Is it a breakout from the range?
Aparently it looks like a breakout from the range, still last day’s bear candle does not support a bull run either. The inherent bias is still UP, so buy on dips may be the strategy but
So, it is weekend again and we are here to analyze the last week’s trades and next weeks profit making trades. Now, next week is not a normal week. Tuesday is the Vallentine’s Day, so next week is the Vallentine Week. Everyone is looking for some bucks to make so that he can present his vallentine some precious gift.
Nifty next week: In the last week there was no much movement in the Nifty index and it almost hovered in the same area confined within 110 points range
Last 2 days Nifty ran wildly to end 3% higher last week. Even on the expiry day it has moved up sharply and closed above 8600. Now what can be the trading strategy in Nifty? The last short signal proved false as Nifty crossed 8461. Once again the market has entered a fresh bull orbit and it looks like some more steam is left before this rally ends. So now its time to decide what is the next target of Nifty?
GANN analysis shows that this rally will at least hit close to 8700 before any significant
After 26th December 2016 India’s Nifty index is continuously on a upward bias and the index has shown a strong rally of more than 550 points within less than a month. Now last trading day’s move denoted that the uptrend is in a hault. So its time to analyse Nifty next move.
In an upward rally we try to find out where are the resistances and similarly in a downtrend we need to analyse the support levels. For immediate trading we suggest to add to puts to our readers. If you want to know
Budget offer on trading systems at bottom of this page.
Before analyzing Nifty on Budget Day 2015 and readers first to remind you what I have written in my last analysis of Monday. If you have missed the post please read it here.
I have clearly written aggressive traders may try shorts in sudden intraday rallies, with SL above 19th February’s high, i.e. 8913.45 and go for targets 8744-8692-8640. YES, 8744-8692 got achieved. Could you short it or just watched from the sidelines.
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