Daily Indian VIX Chart
Is Indian Stock Market approaching towards trend change ?
Nifty Trend based on Option Analysis
The probability of going up is 53.42 % and going down is 46.59 %
TREND IS UP
Trading as per Elliot Wave Theory
Go Short at / below 5293.75. Stoploss at 5299.04. Target 1 is 5273.23.
Go Short at / below 5285.91. Stoploss at 5299.04. Target 2 is 5269.77.
Go Short at / below 5285.91. Stoploss at 5299.04. Target 2 is 5269.77.
Intraday Calculation Based on Volatility
Buy at / above 5277.15 Target 1 : 5283.69 Target 2 : 5295.26 Target 3 : 5306.84 Target 4 : 329.98 Target 5 : 5341.56 Stoploss : 5260.55
Intraday Calculation based on Gann Square
Buy at / above: 5292.56 Targets: 5308.11 - 5326.33 - 5344.59 - 5362.87 Stoploss : 5274.39
Sell at / below: 5274.39 Targets: 5258.87 - 5240.75 - 5222.67 - 5204.61 Stoploss : 5292.56
Sell at / below: 5274.39 Targets: 5258.87 - 5240.75 - 5222.67 - 5204.61 Stoploss : 5292.56
My Trading Style
Nifty pivot point is 5279.
If Nifty is staying above 5285 then first target is 5300 and second target is 5312. After rise if Nifty unable to stay above 5300 then short can be initiated at 5293 with stop 5300.
If Nifty is staying below 5279 then first target is 5264 and second target is 5246. After fall, if Nifty stays above 5264 then long can be initiated at 5270 with stop 5264.
If Nifty is staying above 5285 then first target is 5300 and second target is 5312. After rise if Nifty unable to stay above 5300 then short can be initiated at 5293 with stop 5300.
If Nifty is staying below 5279 then first target is 5264 and second target is 5246. After fall, if Nifty stays above 5264 then long can be initiated at 5270 with stop 5264.
Best of luck.
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