Nifty rallies 282 points from 26 Nov Time Cycle

By | November 29, 2018
  • As Discussed in Last Analysis High made today was 10757 and we continue to trade higher  so we did our target of 10300.Tomorrow is important time cycle date good move should be seen in Nifty in next 2 days. Bullish till we are holding 10700 for the upmove to continue towards 10800/10882. Range of 10800-10816 very important supply zone Bearish below 10692 for a move back to 10666/10610. Nifty closed above 10700 yestreday and we got a big gap up today and did all our target on upside High made was 10883 near our final target of 10882. We got the big move as we anticipated and nifty did our target so time cycle again worked perfectly and we were able to capture a 282 points from low of 26 Dec our time cycle date till today. Now Bulls need a close above 10885 for the rally to continue till 10944/11000/11100. Bears will get active below 10840 for a move back to 1777/10721.Important intraday time for reversal can be at 11:14/12:18/2:16.  Bank Nifty rallies 1000 points from 26 Nov Time Cycle

 

 

  • Nifty Dec Future Open Interest Volume is at 1.93 core with addition of 70 Lakh with increase in  cost of carry suggesting long position were closed today, NF Rollover cost @10727 and rollover %@ 70.1

 

  • Total Future & Option trading volume at1 18.84 Lakh core with total contract traded at 1.79 lakh , PCR @0.96

 

 

Buy above 10890 Tgt 10910,10932 and 10950 (Nifty Spot Levels)

Sell below 10840 Tgt 10820,10800 and 10777 (Nifty Spot Levels)

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Follow on Twitter:https://twitter.com/brahmesh

3 thoughts on “Nifty rallies 282 points from 26 Nov Time Cycle

  1. Ankhi

    same TC level for Nifty today and for tomorrow……. it is OK or mistake

Leave a Reply