Trade setup for Wednesday 12, February 2020

Trade setup for Wednesday 12, February 2020

Trade setup for Wednesday 12, February 2020 All you need to know as a trader or Investor A ‘Shooting Star’ was formed on the daily charts. Such a formation occurs when an index opens higher, gets stronger, close near lower levels and that indicates bearish sentiment but we need to wait next candle for the confirmation. RSI stood at above 51 on daily chart which creates some confusion in making a confirmed view for nifty so we need to rely on next candle to be formed. So one should wait nifty to cross 12140 for any upside conformation and if nifty breaches 12,100 nifty may continue to be in bearish trend. Today's possible trade range for nifty can be 12,060 to 12,160. Over all sentiment for today is seems to be negative as per the chart analysis but as mentioned above wait for next candle to be formed for any confirmation. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app [https://anchor.fm/app]

Trade setup for Tuesday 11, February 2020

Trade setup for Tuesday 11, February 2020 Today also we  an see slow start like yesterday and nifty is likely to be in consolidation phase and volatility is expected. The Relative Strength Index (RSI) on the daily chart show below 50 which means nifty is in bearish trend however if we look on hourly chart we see some pull back from this level but that wont sustain for long as over all trend seem to be negative. There are possibility nifty start in positive as global market data is positive today but we have to closely watch nifty to close above 12,070 for making any upside view. If nifty manage to close above this level we can see nifty remain above this and trade in green through out the session. But if nifty goes further down and give closing below 11,990 then nifty my continue to be in down and will close in red in consecutive third session.

Trade setup for Friday 07, February 2020

This is today nifty view.vNifty has formed a spinning top candle on Daily/hourly chart after a big rally which means there is possibility that consolidation can start from this level and the most important thing is to be noticed that RSI is also somewhere at its over sold zone on hourly chart and we have noticed in back testing that whenever RSI is in oversold zone index or stock gives some correction.

Trade setup for Thursday 06, February 2020

In this Podcast you will get know the today possibilities for nifty trading and possible range of nifty.

Trade setup for Wednesday 05, February 2020

In this podcast we have discussed today nifty view, What are the possibilities for nifty.