BUY ABOVE - 22470
SL - 22420
TARGETS - 22510,22550,22600
SELL BELIW - 22420
SL - 22470
TARGETS - 22360,22270,22210
NO TRADE ZONE - 22420 to 22470
Previous Day High - 22600
Previous Day Low - 22420
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I was reviewing long term EW counts of NSE:NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart.
Blue Alternative
Let's start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from Covid lows of March 2020, ended in...
BUY ABOVE - 22550
SL - 22510
TARGETS - 22600,22640,22710
SELL BELOW - 22470
SL - 22510
TARGETS - 22430,22360,22320
NO TRADE ZONE - 22470 to 22550
Previous Day High - 22780
Previous Day Low - 22360
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty 50 is currently trading within a Channel. This analysis suggests a short-term or swing trade approach. As the market is currently trending downward, consider using Trend Continuation technic and Fibonacci Retracement for your trading strategy.
Nifty in past 7-10 trading sessions...
trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts).
But as we are awaiting Election Results...
Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be...
A Dangerous Head & Shoulders Pattern is forming on Nifty charts.(Pending confirmation) If we get a confirmation candle tomorrow or if the support zones of 22240 to 22186 are broken and if we get a closing below 22186 there will be confirmation for the same. If we get a confirmation of Head and shoulders pattern bears will have potential to drag Nifty further down...
If we consider the high and low of the last day candle in futures as a range, a break in either direction can give a sharp sting that way before turning and going the opposite way. This is just a story that played in my head. And the probability of this being on the down side seems more likely. 22350 and 22300 may be likely in this case before we see a short...
Shorters at 22800-900 range have proved me wrong. I should have thought of the "Retracement" shorters, who are essentially piggyback day traders who wat for a retracement to institutional bulk orders and punch in their own, hoping the levels hold. Plus the news of taxation, did th trick. In this case, we should either fly or Consolidate. Not fall further.
22650. Who are these straddle writers who believe in the fables of the fall of Titans? Depending on the Pre market open price, we can see when they will run for cover. Not IF, but WHEN. Let us see if we can gather enough buyers to take out the fabled 22800 short sellers today. Most likely it might happen by the end of the day.
Nifty is making a higher high, higher low, pattern on Nifty. Which looks very promising and positive. For going further and higher and into unchartered territory Nifty needs to hold 22625 or at least 22547. These two points will work as great supports too. Below 22547 the next supports will be near 22483 and 22379. On the upper side the resistance levels seem to...
BUY ABOVE - 22710
SL - 22640
TARGETS - 22780,22830,22880
SELL BELOW - 22640
SL - 22710
TARGETS - 22600,22550,22510
NO TRADE ZONE - 22640 to 22710
Previous Day High - 22710
Previous Day Low - 22550
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Chances are that Nifty could trade between 22800 and 22450 to 500 range today. If Nifty comes to either of these levels, look for contra trades in the opposite direction.
BUY ABOVE - 22600
SL - 22550
TARGETS - 22660,22710,22780
SELL BELOW - 22550
SL - 22600
TARGETS - 22510,22470,22430
NO TRADE ZONE - 22550 to 22600
Previous Day High - 22780
Previous Day Low - 22550
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
After making a new high of 22783 there was a bought of Profit booking seen in Nifty. Two important international events of US FED Interest decision and CPI Inflation data are awaited so traders may have thought of being cautious at this juncture. Further bullishness leading to 22800, 22887 and 23026 is also a possibility but for that overcoming this important...
BUY ABOVE - 22660
SL - 22600
TARGETS - 22700,22770,22830
SELL BELOW - 22600
SL - 22660
TARGETS - 22550,22510,22470
NO TRADE ZONE - 22600 to 22660
Previous Day High - 22660
Previous Day Low - 22430
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
