Wednesday, 23 May 2018

Crude Oil & Equity Market Analysis - 23rd May 2018 - Bounce Will Be Continue or Crash Ahead??

Hello friends i hope you all are doing good. yesterday again my scalping level did very well in Nifty spot as Nifty opened around 10522 then crashed to 10491 i said scalping opportunity will easily generate 25-30 points for you. Well yesterday Nifty high was 10559 near and closing price was 10536 near.

Now what should we do today ??

To keep this simple i will suggest .........higher side problem will be 10600--10630 and lower side support will be 10446--10427 so if come near these levels you can scalp for 25--30 points.Buying near 10445--10425 will give you immediate bounce and selling near 10605---10625 will give you immediate downside of 25--30 points.

Crude oil Strategy :- While updating this post crude oil was trading at $72.........which is near a trading opportunity.

 - Selling Opportunity -  one can sell Below $71 with stop loss of $73.2 ( 2 days closing basis) and target will be 69--67.

- Buying Opportunity :- Above $73.2 if close for 1 day buy with stop loss $71 and target will be $80 in 1 month. Quick target will be $75--76.

I hope this article will help you in your trading strategy. Keep visiting for more updates.

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Himanshu Tiwari & Market Prophecy Brand Name Are working In Filed of Research on Vedic Astrology & Stock Market Relations along with Price action Technical Analysis.

Here in this blog i'm publishing articles related to Stocks/Index/Commodity & Currencies as well as General Price Action technical Analysis. All the articles which are published by me are based on Astrology & Price action analysis. After SEBI regulation came on advisors, I'm posting only educational articles and Quality Stock Analysis.

Disclaimer : I haven't Register For SEBI Adviser Regulation as i publish articles for Educational Purpose only.