As mentioned in my previous post the exact movement happened in Nifty 50 on 9th Aug, which was shared on 8th Aug.
You can check in my previous idea shared on 8th.
Please like share and comment to encourage, so that i will keep sharing my ideas on day to day basis.
In some Weeks i will share learning posts in my Idea board as well. All these analysis should be used for educational and learning purpose.
Probable gap up will happen and if opens above 11185,
Expect a retrace up to 11150-60, from there a one way push in the market till 1st target - 11170 2nd target - 11260-80. Then a fall of 70,90 points to bring Nifty to 11185-70, as a Bearish Bat Pattern is observed in 4 hour time frame. Check the Chart for clarity.
If any case it comes down breaking 11050 with a lower low lower close can eye for 11015. If it falls below 11000 expect the market will touch 10970-10930 Mark
So what should be the strategy for Intraday on 13th Aug?
For an Intraday perspective the first 5-20 min is a must wait and watch for 13th Aug.
Market must take support near 11170-40-10 and start upwards movement
and on the rise intraday traders should look for opportunity.
If missed to enter in the 1st half for long wait till it reches 11260-80 and wait for a bearish structure(Lower low and lower break and close) in 5 min.for a 50 points retracement.
If Nifty Opens Gap down. the levels are same and still upward movement will be seen from those levels.
Cheers!!
You can check in my previous idea shared on 8th.
Please like share and comment to encourage, so that i will keep sharing my ideas on day to day basis.
In some Weeks i will share learning posts in my Idea board as well. All these analysis should be used for educational and learning purpose.
Probable gap up will happen and if opens above 11185,
Expect a retrace up to 11150-60, from there a one way push in the market till 1st target - 11170 2nd target - 11260-80. Then a fall of 70,90 points to bring Nifty to 11185-70, as a Bearish Bat Pattern is observed in 4 hour time frame. Check the Chart for clarity.
If any case it comes down breaking 11050 with a lower low lower close can eye for 11015. If it falls below 11000 expect the market will touch 10970-10930 Mark
So what should be the strategy for Intraday on 13th Aug?
For an Intraday perspective the first 5-20 min is a must wait and watch for 13th Aug.
Market must take support near 11170-40-10 and start upwards movement
and on the rise intraday traders should look for opportunity.
If missed to enter in the 1st half for long wait till it reches 11260-80 and wait for a bearish structure(Lower low and lower break and close) in 5 min.for a 50 points retracement.
If Nifty Opens Gap down. the levels are same and still upward movement will be seen from those levels.
Cheers!!
