Nifty analysis for 31/01/19

As expected nifty opened gap up but could not sustain higher level and came down to close near yesterday's close. It took resistance on green line but posted higher low. So today's candle is very important as it is 3rd day after breakout. If today nifty closes below green line and posts lower low then downward breakout will be confirmed. Lets us watch for the same.

Nifty analysis for 30/01/19

Nifty closed below green line for 2nd day but with long lower leg dojji at considerable intermediate bottom. This can reverse nifty to move again upward. But if today's low is broken then downward move will continue. Lets see.

Nifty analysis for 29/1/19

Yesterday nifty crossed green line and closed below it. This can be downward breakout. But to confirm that nifty has to close 2 more days below green line. If not then it may again start moving towards red line which it did for last 2 times as per above chart. Lets us watch for that.

Nifty analysis for 28/01/19

I am writing after a gap of a week as I was busy in developing modified version of #intraday #live #buy #sell #signal #software. Now the development is completed and in last week I tasted it for BN future and all trades were successful. This week I will taste it for BN option before I release that version. Looking at the above chart for nifty, it is still in correction mode. But its range has become narrow. Right now it is going towards green line. So let us watch for that today.

Nifty analysis for 17/01/19

Nifty posted very small dojji above yesterday's candle. Also its upper leg is larger than the lower leg. This indicates indecision. But it has closed 2nd day above red line. So lets wait for today's close.

Nifty analysis for 16/01/19

Nifty opened gap up and closed above red line. Now this can be upward breakout but for that nifty has to close 2 more days above red line. Else it may again fall back in triangle. But now if you see there is very less body is remaining for tingle as candles are very close to apex where we can expect either side breakout. In our #share #analysis #software nifty has given 5 DMA buy signal and is in best buy. 34 DMA that is long term profit from last buy is 258. So it is always better to hold your position as per long term trend. As catching this frequent buy / sell signal in short term is not so easy.

Nifty analysis for 15/01/19

As expected nifty posted low below green line but manage to close on green line. Now there is again possibility that it may go to red line as downward breakout is yet to confirm. But BankNifty has closed below green line. This point to be noted. Also in our #share #analysis #software both nifty and BankNifty have given 5 DMA sell signal. 34 DMA trend is still UP for both. In such situation intraday trading is best option than carrying your position. For that our #Intraday #Live #Buy #Sell #signal #software can be used.

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