S&P CNX NIFTY INDEX FUTURESAtualizado Nifty_08APR_Weekly_Expiry_Outlook
#Nifty a quick technical outlook in different time frames.
On weekly charts it closed above PWH with a bullish Marubozu kind of candle formation. And last week it had a longer lower weak indicating price was rejected at lower levels when bears had all their chances to push prices down. But if you look at RSIStairs its forming LH-LH indicating divergence. But on 31st it had an NR7IB and yesterday it has broken out on upside indicating, bulls have more strength and price may try to move higher.
On daily RSIStairs trading near breakout level of 55. Price closed above 14765 which was a major inflection point. Nifty future may try to breakout above 15000. Trading and sustaining above 15000 it may revisit 15082/15175/15375 levels on upside.
On 75M/25M it has already broken out above 14881 which was an major inflection point. Now one can hold the CallBackSpread with SL below 14746.
For initiating bearish trades would wait for a breakdown below 14745/14522 on DCB. Until then bias is sideways to bullish. And the way the global markets are hitting new ATH everyday, bears need to wait and save their weapons till they get their turn.
On weekly charts it closed above PWH with a bullish Marubozu kind of candle formation. And last week it had a longer lower weak indicating price was rejected at lower levels when bears had all their chances to push prices down. But if you look at RSIStairs its forming LH-LH indicating divergence. But on 31st it had an NR7IB and yesterday it has broken out on upside indicating, bulls have more strength and price may try to move higher.
On daily RSIStairs trading near breakout level of 55. Price closed above 14765 which was a major inflection point. Nifty future may try to breakout above 15000. Trading and sustaining above 15000 it may revisit 15082/15175/15375 levels on upside.
On 75M/25M it has already broken out above 14881 which was an major inflection point. Now one can hold the CallBackSpread with SL below 14746.
For initiating bearish trades would wait for a breakdown below 14745/14522 on DCB. Until then bias is sideways to bullish. And the way the global markets are hitting new ATH everyday, bears need to wait and save their weapons till they get their turn.
Nota
Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
I am reachable on below social handles.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
I am reachable on below social handles.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
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