NIFTY PRE MARKET ANALYSIS 18/10/2022 E4
Good Morning Everyone,
-->Nifty continued to maintain higher levels and given a good closing
-->As I said in Nifty short term view We have to change view once Nifty give closing above 17450
-->Strong Sgx gap up indication & there will be a short covering move possible to the upside.
-->From the opening look for buying opportunities 5 min candle range breakout or 15min candle range breakout should work today
-->17600 and 17650 Flag upper trendline will act as a resistance now.
Trade Ideas;
-->Look for Buying opportunities at 17450 and 17350 levels.
-->Look for shorting opportunities at 17600 and 17650 levels.
Note: All this pattern looks like a Big Inverse Pole & Flag Pattern .Again pattern changing everyday :)
This weeks expiry is crucial for the direction.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
-->Nifty continued to maintain higher levels and given a good closing
-->As I said in Nifty short term view We have to change view once Nifty give closing above 17450
-->Strong Sgx gap up indication & there will be a short covering move possible to the upside.
-->From the opening look for buying opportunities 5 min candle range breakout or 15min candle range breakout should work today
-->17600 and 17650 Flag upper trendline will act as a resistance now.
Trade Ideas;
-->Look for Buying opportunities at 17450 and 17350 levels.
-->Look for shorting opportunities at 17600 and 17650 levels.
Note: All this pattern looks like a Big Inverse Pole & Flag Pattern .Again pattern changing everyday :)
This weeks expiry is crucial for the direction.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
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