Evaluating NIFTY 50.

[shakeel ahmed]

A new thread is being started.:clap:

 

[shakeel ahmed]

Tradind in NIFTY50 with the intention of Long is good.One should buy near 7850 for tgt 8250.

 

[shakeel ahmed]

Description-Wkly cls-7942,Pvs wkly cls-7856,a rise of 86 points.In daily chart,RSI near 50,%D(slow)=30, MACD=below trigger line.In hourly chart,indicators are in overbought position.Idea,book profit for long position and re-inter near pvs wkly closing of 7856.

 

[shakeel ahmed]

Today is 30/11/2015.Nifty has closed 7 points down to 7935.Though through the day,the mkt has been flat.But in 15 minutes chart,it has attempted two times to touch 7960 making a double bottom,indicating a clear distribution.A small dip is expected for re-entry near 7850.

 

[shakeel ahmed]

Trading in NIFTY50 with the intention of Long is good.One should buy near 7850 for tgt 8250.

:clap:

 

[shakeel ahmed]

A side correction near 7900 is likely,thereafter an upmove is expected.

 

[shakeel ahmed]

Buying opportunity at around 7650/7675 is expected for the tgt of 7950.