Nifty :: Scenario Thinking :: Practical Approaches to the Future
09 Jul 2017 :: Nifty
Recent Higher High: 9709.30 Recent Higher Low: 9448.75 30 Days MA: 9613.27 50 Days MA: 9524.24 150 Days MA: 8963.57 200 Days MA: 8449.54
Resistance level: 9698-9701 Support level: 9560-9639-9701
Hourly Chart :: Triple Top, weak volume but still following up trend
1) First top: on Jun 06, 2016 which was made High 9709.30, low 9652.55 and supporting zone 9560.80 but maintain Higher low 9448.75
2)Second top: On Jun 22, 2016, which was made High 9698.85, Low 9681.30 and supporting zone 9448.75 but didn't break 9448.75
3)Third top: On Jul 06, 2017, which was made High 9700.70, Low 9684.85 and supporting zone 9639.95 but maintain 9560. Continue watching, retrace level 9448-9639
Weekly chart :: Near breakout with strong volume
1) On Jun 02, 2017 which was made high 9673.70 low 9547.70, once breakdown 9639.95, kissed low 9448.75
2)On Jun 09, 2017 which was made high 9709.30, low 9608.15, once breakdown 9639.95, kissed low 9448.75
3) On Jul 07, 2017, which was made High 9700.70 low 9543.55, still supporting zone 9639.95 & 9448.75
Monthly Chart:: Important zone for breakdown 9639.95 & 9448.75
1) On May 31, 2017 which was made high High 9649.60 Low 9269.90, supporting zone 9220.60
2) On Jun 30, 2017 which was made high 9709.30 low 9448.75, supporting zone 9269.90
3) On Jul 07, 2017 which was made high 9700.70, low 9543.55, supporting zone 9448.75
Waiting for breakout: Continue accumulate qty between 9448-9639 for next target 500-700 points with strict stop loss 9425 & timely take small profit because retrace levels are 9448-9639, still hold higher low & trend line.
Best wishes
" More relax, more money comes into your life"
Recent Higher High: 9709.30 Recent Higher Low: 9448.75 30 Days MA: 9613.27 50 Days MA: 9524.24 150 Days MA: 8963.57 200 Days MA: 8449.54
Resistance level: 9698-9701 Support level: 9560-9639-9701
Hourly Chart :: Triple Top, weak volume but still following up trend
1) First top: on Jun 06, 2016 which was made High 9709.30, low 9652.55 and supporting zone 9560.80 but maintain Higher low 9448.75
2)Second top: On Jun 22, 2016, which was made High 9698.85, Low 9681.30 and supporting zone 9448.75 but didn't break 9448.75
3)Third top: On Jul 06, 2017, which was made High 9700.70, Low 9684.85 and supporting zone 9639.95 but maintain 9560. Continue watching, retrace level 9448-9639
Weekly chart :: Near breakout with strong volume
1) On Jun 02, 2017 which was made high 9673.70 low 9547.70, once breakdown 9639.95, kissed low 9448.75
2)On Jun 09, 2017 which was made high 9709.30, low 9608.15, once breakdown 9639.95, kissed low 9448.75
3) On Jul 07, 2017, which was made High 9700.70 low 9543.55, still supporting zone 9639.95 & 9448.75
Monthly Chart:: Important zone for breakdown 9639.95 & 9448.75
1) On May 31, 2017 which was made high High 9649.60 Low 9269.90, supporting zone 9220.60
2) On Jun 30, 2017 which was made high 9709.30 low 9448.75, supporting zone 9269.90
3) On Jul 07, 2017 which was made high 9700.70, low 9543.55, supporting zone 9448.75
Waiting for breakout: Continue accumulate qty between 9448-9639 for next target 500-700 points with strict stop loss 9425 & timely take small profit because retrace levels are 9448-9639, still hold higher low & trend line.
Best wishes
" More relax, more money comes into your life"
코멘트:
If gap down wait and watch, never jump for small profit & huge loss.
코멘트:
Nifty made new high 9765.90
코멘트:
accumulate qty@9725-9738
코멘트:
continue long when nifty & banknifty comes to retrace level
코멘트:
250 points up from 9639-650 -9900. Here we alert. Starts reducing position....@9896-9900+