Nifty FUT does not seem keen to move up and that is a little worrisome. We are at striking distance to ATH but the timing is not to brilliant. Election results are still a couple of weeks away. We could move up a little and then retrace to consolidate near the 50% mark. This looks like a logical scenario. But informed institutions could take big positions and that...
Looks like Nifty has walked straight into a spot marked with a big X like in the KGF2 movie. And is waiting to be shot down by bear cartel. This is the narrative that played out in my head. Nifty could either consolidate OR fall from here. On the contrary of Nifty Gaps up OR there is fresh buying in some heavy weights, good enough to make 22500 sellers run for...
The higher the Gap up today, the mor confident I shall be to sell on the first tick. There is one stop NIFTY missed in this pilgrimage downhill: "21800". When she realizes it, she would turn around and rush to make that final downward journey before continuing up to where she belongs. A gap down opening is when things will become tricky. In this case there might...
Nifty 15m has conquered the EMA 100 at the end of the hour today. We were able tp capture both the PE and CE side momentum using Risological Indicators. Hopefully next week, we will see Bullish days. On a Daily timeframe, chart looks BEARISH. So, we might also see a BIG gapdown on Monday morning. Trade safe. have a happy weekend!
Will be interesting to see where we open. A gap up will my ideal scenario where we could short with a tight SL from the word "GO...". A neutral opening, again if we plan to go short, the position size will have to be significantly smaller. In case of Gap down opening, I shall wait for a retracement to sell into. That's the plan.
GUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results...
We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we...
Nifty closed near Supply & Trendline Resistance & so wait for Breakout or rejections at zones Bullish > 22530 Bearish< 22450 All views for Educational Purpose do your own analysis before initiate trades.
Nifty cup and handle is formed, entry is 22380, target is 22700, Stop loss can be 22280
#Nifty Recently Made a Higher high, by breaking an range bound area and sustaining above the Level. Recent fall is expected to be a correction to the Upmove. Market is reaching towards #Demandzone. Wait for #priceaction Confirmation for #TrendReversal
This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated...
Nifty was in no mood to let doubters put her down. Bulls are buying back into the Indian dream. Or are they selling a pipe dream to retail pockets? Now hold your breath and look up to see how much profit is enough profit to take home for these big guys.
This is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
These the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete. If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
Index behaviour has been unpredictable since January 2024. None breakouts or falls have been sustained for the whole day, which is a sign of the dirty uptrend, which is not reliable, especially when the Index is trading on ath Intraday Range: 22,430 to 22,620 Strategy 1: The range is wider, so focus on reversals of critical resistance and support. Strategy 2:...
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between...
Price is closed near the Support zone at 22000 levels... we are still left with the liquidity below 21850 levels. Bear Trap:: what happens if the liquidity cannot be done now... If this time price failed to push downside more chances of fall below 21850 levels from topside. If price opens up and continue to move upside there will be one more fall from the...
I have marked all the important support and resistances. You can mark them in your charts and drop a comment if it helped :) Cheers! Happy Trading/investing