NIFTY 50 TRADING STRATEGY INTRADAY AS ON 5-DEC-2018

PREVIOUS SESSION: In previous session during trading hours we updated that 10868 is a crucial support level for  Nifty 50 and as we predicted Nifty 50 closed a tad above 10868 at 10869.5 . As the market was flat yesterday , today market is likely to be bearish. As per technical analysis there can be gap down opening of the market today..

TODAY'S SESSION: Nifty if opens above or starts trading above 10870 level then will go up to 10882 levels. Crossover above this with volumes and also if sustains above this for at least 15 minutes then will move ahead towards 10904 levels. If sustains above this then will soar up to 10912/10921 levels. More updates will be available during the trading session once the market achieve those levels.

Now what if Nifty 50 opens or starts trading below 10868 levels then? Market will slide down to 10856/10846 levels, the same crucial levels bears are facing for last few days. Now again if it starts trading below 10846 level with volumes and sustains below 10846 levels without bouncing up higher then will go down to 10833/10820/10812/10798 levels. If market breaks 10798 level and sustains below  10798 level then will go down to 10781/10774 levels.  If market breaks 10774 level  and that also with heavy volumes and sustains below this for at least 15 to 20   minutes then will go down to more  lower levels. However a bloodbath expected today as per the global market situation. A minimum of 200 to 300 points downfall expected in the trading session. Please trade accordingly. At this stage any kind of call or going long may be harmful. 
Beware...... a vertical downfall  is expected if market opens negative .Trade cautiously if any call position is open  or  square of all your longs.It is always advisable to go short in opening bell  as there is a high possibility of  bloodbath in the market. 
Disclaimer: This is Nifty 50 trading strategy as per  our analytical point of view and is subjected to change due to global market situation, sentiment and fundamental analysis. Investment and trading in index and equity has its own risk. This material is solely for educational purpose and the authors are not responsible for any profit or loss incurred based upon the analysis.


Comments

  1. We are expecting a minimum retracement of 10000 which can also extend till 9333. Approximate period to complete those levels are 2 to 3 months... However for short term we are expecting 10480 which can also go to lower level that will be updated later.. please follow our blog... and we apologize for the delay in response... Hope you followed our morning strategy.... you are always welcome to provide feedback...

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