Free Intraday Tips: 18th May (Friday)

free intraday tips bull vs bearThe Nifty50 which started with a small gap on the higher side in morning trade on Thursday failed to garnet momentum as bears took control of D-Street in the first 15-minutes of trade. The index witnessed strong selling pressure throughout the session which made a ‘Bearish Belt Hold’ kind of pattern on the daily candlestick charts. A ‘Bearish Belt Hold’ pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body. The candle will either have a small or no upper shadow and small lower shadow. In Thursday’s price action, Nifty50 opened at 10,775.60 and rose marginally to 10,777.25 which made a small or non-existent upper shadow. The bears took control of D-Street in morning trade and pushed the index below its crucial support placed at 5-double exponential moving average (DEMA) placed at 10,737, and 13-DEMA at 10,712. » Read more

Intraday Future Tips : 17th May (Thursday)

intraday future tips

Intraday Future Tips : 17th May (Thursday)

BUY UBL FUTURE ABOVE 1120 TARGET 1130 WITH SL 1110 TOTAL 9 LOTS

 

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