PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only & not any form of advice or recommendations or opinion to anyone
Price is frequently falling from the multiple affected zone of 11120 area as seen in the above chart.
Any upside strength till 11120 area would be a strong selling opportunity on confirmation of selling signals on daily time frame.
We stay bearish for Nifty as long the price lies below 11120 area for Nifty.
ICICI Prudential Life Insurance Company Ltd :
405 area is seen as multiple affected flip support zone to observe clear buy signals on daily or 4H time frame to get in line with the long opportunity.
Petronet LNG Ltd :
Around 254 area is clearly seen as a multiple affected flip support zone to observe clear buying signals on daily time frame to grab long opportunity.
CRUDE OIL :
We found a unexpected gap up in CRUDE OIL on 16th Sept due to which we stay aside and will observe how price folds next to identify further trading opportunity.
Currently staying away from Crude Oil might be a good decision and we will wait for the next price action to form in the chart.
NATURAL GAS :
Aggressive bullish rally is observed in the Natural Gas as seen in the above chart. We posted in the previous updates that this might be a start of uptrend for Natural Gas.
Around 2.443 area is seen as a strong flip support area to board this aggressive bullish trend ahead.
Multiple inside bar formed in SILVER can be preferred to trade upside if it breaks up.
Or else we will wait and watch clear buying signals on daily time frame at around 17.395 area or 16.624 area.
We have a mindset to observe clear bullish signals at around 1492 area or 1451 area to get in line with the uptrend.
Around 2287 is seen as a flip support area to observe buying signals for ZINC on daily time frame.
We got ideal pullback for NICKEL as seen above.
Any buying signal found on daily time frame at around 16412 area would be a strong buying opportunity for NICKEL.
We found COPPER closed above the affected zone as seen above.
We will observe clear buying signals on daily time frame at around 5743 area to take long decision.