A TECHNICAL VIEW ON CNX-NIFTY FOR-13.4.2021

 

CNX-NIFTY

 Open—14644.65--High—14652.50—Low—14248.70---Close-14310.80 on 12.4.2021.

Support:14264.40/14222.80/14024.85/13996.11/13981.75/13777.50/13596.75/13399.30/13145.85/13131.45.                                                                                                                     

Resistance:14350.10/14459.50/14467.75/14653.35/14753.55/14883.20/14984.15/15051.60/15176.50/15257.10/15273.15/15336.30/15431.75/15471.                                                                                                                

 (Bold and underlined figures are most important)

It tried for the last 15 days to move and close above its 3rd key point of 14888.80 it did move above it twice but could not close above it, therefore as envisaged it moved down sharply today and closed with a huge loss of 524.05 points. It exhibited tremendous weakness so further fall from here looks imminent in coming days. Its most critical points for the year 2021 are 14024.85---13996.11 & 13981.75 and it is way above these points now and as long as it holds these points on the closing basis uptrend will remain intact. Its other key points are at 15131.35---14998.70---14888.80---14336.34---13562.48---12430.50(except for 12430.50 other figures can change). It is below its first 3 key points of15131.35---14998.70 &14888.80 for the last few days, therefore it is already  into  deep short term correction mode and despite desperate attempt in last 15 days to move above at least its 3^rd key point of 14888.80 on the closing basis but it failed, therefore resulted in sharp fall today. Please note that it has broken its 4^th key point of 14336.34 today pushing it into medium term correction mode and if it sustains below it then the correction could last even longer and could be painful too and most importantly sustained break below 13562.48 on the closing basis can push it into long term correction mode and will potentially threaten the uptrend and finally sustained break below 12430.50 on the closing basis will further dampen the uptrend for sure, which may please be noted.

It was into deep short term correction mode and today it has slipped into medium term correction mode, which is further bad sign. It has decisively broken its short and medium term moving averages again today, furthermore it is well below some of its long term parameters and some technical indicators are showing very weak sign on the weekly chart also, which gives potential indication that further fall from here looks inevitable in coming days off course with in between short relief rallies from time to time. Please note that it has decisively broken the pullback rally threshold point of 14528(it can change)so the up rally has ended for now and if it moves above it again and sustain then only it could stage some recovery else down move will continue. Going up it will face resistance at-14336.34---14467.75---14653---14753.55--14888.80---14998.70---14985---15131.32---15156.30---15176.50---15198.30---15273.15---15336.35---15431.75---15471 levels. Please note that looking at today’s fall chances of a significant up move from here looks slim at this point of time. It is important to mention here that that if it sustains below 14336.34 it could hit 13600---13500 levels on the downside in the coming days. Going down it can find support at-14264.10---14222.80---14024.85---13996.11---13981.75---13953.75---13777.50---13596.75---13562.50---13399---13131. Kindly, note that the short term technical setup looks very weak. Therefore short term bias is negative as of now, but the long term setup is still holding up as of now.

In view of the above observation, it is in medium term correction mode and the overall technical setup as of now is badly placed therefore for safe trader or otherwise long trade in general should be avoided till it gives visible indication of correction completion or till it closes above 14528 level. However aggressive traders can try long trade if it holds 14264 but not below it. I once again caution you that long trade in medium term corrective mode could be risky propositions and particularly buying on decline. Since it is still in corrective mode therefore adopt sell on the rise strategy or sell on the price breakdown for taking advantage of the down move till clarity on correction completion emerges.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY(Suggested)

1. Buy if it holds 14264 level for some time with a stop loss of 14210. It is for aggressive traders and could be a highly risky trade.  

2. Sell on the rise near or within the range 14470---14530 with a stop loss of 14555. It could be a risky trade but worth trying in a corrective market for intraday gain.

Or

Sell if it moves below 14264 and maintain for some time with a stop loss of 14320. It could be a risky trade but worth trying for intraday gain in corrective market.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR—13.4.2021

 

CNX--BANK NIFTY

Open-31637.90--High-31698.05--Low—30520.30--Close-30792 on 12.4.2021

Support:30669/30648/30520/30338.35/30220.20/29687.70/29612.55/29156/28976.75/28525.45/28388.65/27652/26641—560/26441/25598.

Resistance;30870/31264.05/31297.30/31649.45/31661/31783.60/32157.05/32347.20/32415.15/32465.45/32613.10/32842.30/33306.80/33990.80/34360/34430/34658.70.

(Bold and underlined figures are most important)

It is exhibiting tremendous weakness with each passing day and today it plunged down sharply and close with a massive loss of 1656.05 points. It is below all its critical and most important points for the year 2021 which are placed at- 32613.10---32465.45---31297.30 & 31264.05 and also way below all its key points which are placed at-36063.50---35815.75---35648---33625---32612.92(figures can change) which is hugely negative sign. Please note that it slipped into long term correction mode on 9-4-2021 and it could only come out of it if it moves above 32613.10 and sustain on the closing basis else it will drift downward in coming days and down move could be very painful pricewise and time wise both and most importantly it can potentially threaten the long term uptrend, which may please be noted. 

It slipped into long term correction mode on 9-4-2021. It is well below its short and medium term moving averages on daily and weekly chart which indicate extreme weakness, furthermore it is below some of its long term averages and other parameters and some technical indicators are showing very weak sign on the weekly chart also and most importantly it has decisively broken its long term rising trend line way back on 24-3-2021, which indicates even greater weakness therefore  further fall looks inevitable but with intermittent short relief rallies in coming days. Please note that its pullback threshold point is now at 32217(figure can change), so if it moves above it and sustain on the closing basis then only it could continue with some up move else it will drift down, chances for crossing this mark seems less likely at this point of time. Going up it will face resistance at-31264.05---31297.30---32465---32613.10---32842.30---33303.90---33455.50---33588---33625---33991---34268---34438---34658.70---35062---35687---35815.75---36460---36650levels. Please note that if it remains below 33625 & 32613.10 then it is very likely to hit 30500—30000 level or much below on the downside in coming days, it did made a low of 30520.30 today and likely to make new lows in coming days. Going down it can find support at-30520---30220---29687.7---29612.55---29156---28976.75---28525.45---28388---27652. Kindly, note that the short term technical setup and parameters are tremendously weak. So short term bias is negative as of now and the long term setup has also got a jolt today and has potentially threatened the uptrend, therefore its movement has to be watched that how it pans out in next 3-4 days to judge the long term direction.

In view of the above observation, it is into long term correction mode, therefore for safe trader or otherwise long trade in general should be avoided till it gives visible indication of correction completion. It is suggested to try long trade only once it closes above 31300 & 32218(pullback threshold point) and sustain. However the traders who wish to take advantage of the in between up rally can try long trade if it holds 30520 for some time or can try if it moves above 31300 and sustain for some time. Please note that long trade in long term corrective mode could be a very risky propositions, particularly buying on decline. Since it is into corrective mode therefore adopt sell on the rise strategy  or sell on the price breakdown for taking advantage of the down move till clarity on correction completion emerges. Short trade should be tried but with extreme alertness and caution because the long term technical setup still seems o.k. as of now.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY(Suggested)

1. Buy if it holds 30520 for some time with a stop loss of 30400. It is for aggressive traders and could be a highly risky trade.  

Or

Buy if it moves above 31300 and sustain for some time with a stop loss of 31200. It is for aggressive traders and could be a highly risky trade. 

2. Sell on the rise near or within the range of 31650---31750 with a stop loss of 31850. It could be a risky trade but worth trying for intraday gain in weak market.

Or

Sell if it moves below 30520 and sustain for some time with a stop loss of 30800. It could be a risky trade but worth trying for intraday gain in weak market.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX--BANK NIFTY FOR—12.4.2021

 

CNX--BANK NIFTY

Open-32636.90--High-32972.15--Low—32329.95--Close-32448.05 on 9.4.2021

Support:32415/32329/32141/31725.85/31650.90/31510.25/31297/31264/30945.20/30893.65/30197.85/29687.70

Resistance;32465/32613.10/32718.75/32842.30/33361/33600/33625/34360.05/34568/34658.70/34803.60/34893.25/34973/35428.15/35584.60/35648/35815.75/35884/36086/36397/36455/36466/36477/36615.20/36647/36897/37170/37284/37708.25/38286/38520.

(Bold and underlined figures are most important)

It is exhibiting tremendous weakness and today it closed with a loss of 334.80 points. It seems that down move will continue with in between short relief rallies because, it is on a very weak technical footing as of now. Please note that its critical and most important points for the year 2021 are 32613.10---32465.45---31297.30 & 31264.05 and it has broken its 1^st & 2nd point of 32613.10 & 32465.45, which is a bad sign, please note that to remain in the uptrend it has to sustain above all these points. Its other key points are placed at 36063.50---35815.75---35648---33625---32612.92(figures can change). It is decisively below its first 3 key points of 36063.50---35815.75 & 35648 for the last so many days so it is already into deep short term corrective mode, it has decisively broken its 4^th key point of 33625 on 5.4.2021 so, it is into medium term correction mode now and today it broke its last key point of 32612.92 so it has slipped into long term correction mode, which is very concerning. It is important to mention here that sustained close below 32612.92 could see an accelerated down move in coming days, which can last much longer and could be painful too and most importantly can potentially threaten the uptrend also which may please be noted. 

It was into deep short term correction mode, it slipped into medium term correction mode on 5.4.2021 and finally it slipped into long term correction mode today again which is a very bad sign. Furthermore it is well below its short and medium term moving averages and some long term parameters and some technical indicators are showing very weak sign on the weekly chart also and most importantly it has decisively broken its long term rising trend line on 24-3-2021, which indicates that further fall looks inevitable but with intermittent short relief rallies in coming days, provided it does not bounce back sharply and move above some of its key points in next few days, chances of it happening seems less likely at this point of time. Please note that its pullback threshold point is at 33455.50(figure can change), so if it moves above it and sustain on the closing basis then only it could continue with some up move else it will drift down. Going up it will face resistance at-32465---32842.30---32613.10---33303.90---33455.50---33588---33625---33991---34268---34438---34658.70---35062---35687---35815.75---36460---36650levels. Please note that if it remains below 33625 & 32613.10 then it is very likely to hit 30500—30000 level on the downside in coming days. Similarly going down it can find support at-32415.25---32329---32141.55---31725---31650---31297---31264---30565. Kindly, note that the short term technical setup and parameters are tremendously weak. Therefore short term bias is negative as of now, but the long term bias is still up as of now.

In view of the above observation, it is into medium term correction mode and slipped into long term correction mode today, therefore for safe trader or otherwise long trade in general should be avoided till it gives visible indication of correction completion. It is suggested to try long trade only once it closes above 33455.50 and sustain for the pullback gains. However the traders who wish to take advantage of the in between up rally can try long trade on decline if it holds 32415 or near 32141 or can try if it moves and sustain above 32613.10 for some time. Please note that long trade in medium and long term corrective mode could be a very risky propositions, particularly buying on decline. Since it is into deep corrective mode therefore adopt sell on the rise strategy  or sell on the price breakdown for taking advantage of the down move till clarity on correction completion emerges. Short trade should be tried but with extreme alertness and caution because the long term technical setup still seems o.k. as of now.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY(Suggested)

1. Buy if it holds 32415 for some time with a stop loss of 32300. It is for aggressive traders and could be a highly risky trade.  

Or

Buy on decline near 32141 but not below it with a stop loss of 32000. It is for aggressive traders and could be a highly risky trade. 

Or

Buy if it moves and maintain above 32613.10 for some time with a stop loss of 32400. It is for aggressive traders and could be a risky trade. 

2. Sell if it remains below 32613 for some time with a stop loss of 32700. It could be a risky trade but worth trying for intraday gain in weak market.

Or

Sell on the rise near or within the range of 32950---33170 with a stop loss of 33270. It could be a risky trade but worth trying for intraday gain in weak market.

Or

Sell if it moves below 32415 and sustain for some time with a stop loss of 32620. It could be a risky trade but worth trying for intraday gain in weak market.

Or

Sell if it moves below 32141 and sustain for some time with a stop loss of 32250. It could be a risky trade but worth trying for intraday gain in weak market.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX-NIFTY FOR-12.4.2021

 

CNX-NIFTY

 Open—14882.65--High—14918.45—Low—14785.65---Close-14834.85 on 9.4.2021.

Support:14753.55/14653.35/14635.05/14540/14467.75/14350.10/14264.40/14222.80/14024.85/13996.11/13981.75/13777.50/13596.75/13399.30/13145.85/13131.45.                                                                                                                     

Resistance:14883.20/14888.80/14977.20/15051.60/15176.50/15257.10/15273.15/15336.30/15431.75/15471/15615/15694/15800/16028/16323/16991.50/17470.                                                                                                                

 (Bold and underlined figures are most important)

It is exhibiting wild swing both ways and it crossed its 3^rd key point of 14888.80 intraday in last two days, but could not close above it, which indicates weakness. It is into correction mode and needs to cross the key points mentioned below and sustain on the closing basis to get into the up grove again else it may drift down. Its most critical points for the year 2021 are 14024.85---13996.11 & 13981.75 and it is way above these points now and as long as it holds these points on the closing basis uptrend will remain intact. Its other key points are at 15131.35---14998.70---14888.80---14336.34---13562.48---12430.50(except for 12430.50 other figures can change). It is below its first 3 key points of15131.35---14998.70 &14888.80 for the last few days, therefore it is already  into  deep short term correction mode and despite desperate attempt in last two days to move above at least its 3^rd key point of 14888.80 on the closing basis but it failed, which is concerning, sustained break below 14336.34 can push it into medium term correction mode, which could last even longer and most importantly sustained break below 13562.48 on the closing basis can push it into long term correction mode and will potentially threaten the uptrend and finally sustained break below 12430.50 on the closing basis will further dampen the uptrend for sure, which may please be noted.

It is into deep short term correction mode. It is doing whip-saw around its short and medium term moving averages but now above it, which is a positive sign, but how long it will remain above the averages has to be seen because every now and then it is breaking it, but it is well below some of its long term parameters and furthermore some technical indicators are showing very weak sign on the weekly chart also, which gives potential indication that fall from here looks imminent in coming days , if it does not move up sharply in next 3-4 days. However it is well above its pullback threshold point of 14540(figure can change) therefore as long as it hold this level chances are that it could move up in coming days. It is important to mention here that, it has bed of strong support from the short and medium term moving averages in the range of 14770---14700 and if moves below it and sustain then it could go in for a sharp fall. Going up it will face resistance at-14888.80---14998.70---14985---15131.32---15156.30---15176.50---15198.30---15273.15---15336.35---15431.75---15471 levels. Please note that the on-going up move is a pullback rally and it can fizzle out at any of these points, but if it closes above 14888.80 at least and sustain then chances are that it could move up further (it did move above it in last two days intraday but could not close above it) and if it moves and sustain above 15198.30 on the closing basis then it could retest its all-time high of 15431.75 or may go beyond also, chances of crossing 15198.30 level looks very slim at this point of time. Similarly going down it can find support at-14753.55---14710---14653---14540---14467.75---14350---14264.10---14222.80---14024.85---13996.11---13981.75---13953.75---13777.50---13596.75---13562.50. Kindly, note that the short term technical setup still looks weak. Therefore short term bias is negative as of now, but the long term bias is still up as of now.

In view of the above observation, it is still into deep short term correction mode but well above its pullback threshold point of 14540, but for safe trader or otherwise long trade in general should be avoided till it gives visible indication of correction completion or till it closes above 14888.80 level, because in last 15 days it came very close to 14888.80 level for 5 times and crossed it intraday for 2 times in last two days but could not close above it, which gives a very weak indication. However aggressive traders can try long trade if it moves and sustain above 14888.80 for some time or can try buy on decline in the range of 14770---14700 but not below it. I once again caution you that long trade in deep corrective mode and for pullback gains could be risky propositions and particularly buying on decline. Since it is still in corrective mode therefore short trade can also be attempted after reasonable rise or on the price breakdown for taking advantage of the down move till clarity on correction completion emerges. Short trade should be tried but with extreme alertness and caution because the long term technical setup still seems o.k. as of now.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY(Suggested)

1. Buy on decline in the range of 14770---14700 but not below it, with a stop loss 14670. It is for aggressive traders and could be a risky trade.

Or

Buy if it moves and maintain above 14889for some time with a stop loss of 14830. It could be a risky trade.

2. Sell on the rise near or within the range 14985---15050 with a stop loss of 15080. It could be a risky trade but worth trying in a corrective market for intraday gain.

Or

Sell if it moves below 14690 and maintain for some time with a stop loss of 14730. It could be a risky trade but worth trying for intraday gain in corrective market.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON CNX-NIFTY FOR-8.4.2021

 

CNX-NIFTY

 Open—14716.45--High—14879.80—Low—14649.85---Close-14819.05 on 7.4.2021.

Support:14753.55/14653.35/14635.05/14540/14467.75/14350.10/14264.40/14222.80/14024.85/13996.11/13981.75/13777.50/13596.75/13399.30/13145.85/13131.45.                                                                                                                     

Resistance:14883.20/14888.80/14977.20/15051.60/15176.50/15257.10/15273.15/15336.30/15431.75/15471/15615/15694/15800/16028/16323/16991.50/17470.                                                                                                                

 (Bold and underlined figures are most important)

It continued the up move today also and closed with a decent gain of 125.10 points.  But it is still into correction mode and needs to cross the key points mentioned below and sustain on the closing basis to get into the up grove again. Its most critical points for the year 2021 are 14024.85---13996.11 & 13981.75 and it is way above these points now and as long as it holds these points on the closing basis uptrend will remain intact. Its other key points are at 15131.35---14998.70---14888.80---14336.34---13562.48---12430.50(except for 12430.50 other figures can change). It is below its first 3 key points of15131.35---14998.70 &14888.80 for the last few days, therefore it is already  into  deep short term correction mode and not moving above its key points, which is slightly concerning, sustained break below 14336.34 can push it into medium term correction mode, which could last even longer and most importantly sustained break below 13562.48 on the closing basis can push it into long term correction mode and will potentially threaten the uptrend and finally sustained break below 12430.50 on the closing basis will further dampen the uptrend for sure, which may please be noted.

It is into deep short term correction mode. It is doing whip-saw around its short and medium term moving averages, it was below it for the last two days, but moved above some of it again today, which is positive sign, but how long it will remain above the averages has to be seen because every now and then it is breaking it, but it is well below some of its long term technical parameters, which is concerning. However it is well above its pullback threshold point of 14540(figure can change) therefore as long as it hold this level chances are that it could move up in coming days. Going up it will face resistance at-14888.80---14998.70---14985---15131.32---15156.30---15176.50---15198.30---15273.15---15336.35---15431.75---15471 levels. Please note that the on-going up move is a pullback rally and it can fizzle out at any of these points, but if it closes above 14888.80 at least and sustain then chances are that it could move up further (it did came near it today also but could not cross the mark and slipped down) and if it moves and sustain above 15198.30 on the closing basis then it could retest its all-time high of 15431.75 or may go beyond also, chances of crossing 15198.30 level looks slim at this point of time. Similarly going down it can find support at-14753.55---14710---14653---14540---14467.75---14350---14264.10---14222.80---14024.85---13996.11---13981.75---13953.75---13777.50---13596.75---13562.50. Kindly, note that the short term technical setup still looks weak. Therefore short term bias is negative as of now, but the long term bias is still up as of now.

In view of the above observation, it is still into deep short term correction but well above pullback threshold point of 14540, but for safe trader or otherwise long trade in general should be avoided till it gives visible indication of correction completion or till it closes above 14888.80 level, because in last ten days it came very close to 14888.80 level for 3 times but could not cross it, in fact slipped down from there. Therefore long trade can only be tried if it moves and sustain above 14888.80 for some time. It is suggested to avoid buy on decline for the day but aggressive traders can still try it near 14690 but not below it. I once again caution you that long trade in deep corrective mode and for pullback gains could be risky propositions and particularly buying on decline. Since it is still in corrective mode therefore short trade can also be attempted after reasonable rise or on the price breakdown for taking advantage of the down move till clarity on correction completion emerges. Short trade should be tried but with extreme alertness and caution because the long term technical setup still seems o.k. as of now.

NOTE: - If it opens up with huge gap up then wait for it to settle down before initiating long position, but short trade can be attempted on huge gap up if it is near the selling point and vice versa . Since, it is showing volatility so any type of trade should be squared off during the day, if you don’t have reasonable profit margin in the trade. Day squaring off is strongly suggested in any case.

TRADING STRATEGY(Suggested)

1. Buy on decline near near14690 but not below it, with a stop loss 14630. It is for aggressive traders and could be a risky trade.

Or

Buy if it moves and maintain above 14889for some time with a stop loss of 14830. It could be a risky trade.

2. Sell on the rise near or within the range 14889---14920 with a stop loss of 14950. It could be a risky trade but worth trying in a corrective market for intraday gain.

Or

Sell if it moves below 14630 and maintain for some time with a stop loss of 14695. It could be a risky trade but worth trying for intraday gain in corrective market.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.