I took an entry in the PE side with sl and target( trail sl by some fixed point on the options chart)
1) Monthly trend is up 2) Weekly retracement is progress, RSI at 60, make or break zone. 3) Fib 23% retracement at 19250 – which is done already 4) Fib 38% at 18789 – very important as it is Monthly swing top demand level. 5) Daily – Crucial support at 50 EMA. RSI < 40. Has not been broken since March rally from 16800 bottom. 6) 4H sitting at 100 EMA crucial...
NIFTY ANALYSIS FOR MONDAY 21ST AUGUST 2023-FOR EDUCATION PURPOSE This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
NIFTY ANALYSIS FOR FRIDAY 18TH AUGUST 2023-FOR EDUCATION PURPOSE This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
50 days EMA gave proper support to Nifty supporting our MFSC Theory (Mother, Father Small Child Theory). Till Nifty remains above 50 days EMA all is good. Once / If the support is broken there can be panic and DII who are in the buying mode and supporting the index in every fall also might turn into sellers. That is not the case for now and 19299 and 19250 remain...
Bank Nifty has touched its strong daily demand area which coincides with weekly demand area as well. This demand area has given a 2700 points run in the recent days. So expecting a good bounce back towards 44500 and 45,000 HDFC has touched its demand area. 1768 Axis has also touched good support area - 929 Kotakbank almost touched its gap based demand area...
Wizard Levels/Zones #Nifty50 Levels for 17-08-2023 >Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT. > If you're following these zones then kindly follow the rules too. Risk management, and Position sizing. > This is my perception of the...
NIFTY ANALYSIS FOR THURSDAY 17THAUGUST 2023-FOR EDUCATION PURPOSE This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
Trade Plan – Probabilities and corresponding Plan! Resistance / Supply zones - Marked in black Support / Demand zones in green. If the market opens flat – 1) It may again pick a supply at Friday’s high region and move down till Yesterday’s low region – demand 19350-19295. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and...
seems like 4th wave is complete with exact 0.382 retracement of the 3rd wave and stock should shoot up to finish the 5th wave
Wizard Levels/Zones #Nifty50 Levels for 16-08-2023 > If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules. > This is my perception of the market so, kindly do your analysis to get more clarity on the market. > These levels might help you guys. As per my view, I'm sharing it with you guys. > This is not a...
NIFTY ANALYSIS FOR WEDNESDAY 16THAUGUST 2023-FOR EDUCATION PURPOSE This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI...
10 AUGUST ANALYSIS: Daily analysis: PS-Position size Nifty opens: side: if it gives breakdown (2 step - 30+50) gapup: wait for price-action,buy/sell in small qty if inside range gapdown: sell after price-action(100%)
Nifty 50 Equal Weight index to Nifty 50 index relative strength (NIFTY50EQUALWEIGHT/NIFTY) chart seems to have broken out of an ascending triangle type consolidation on the weekly time scale. The price action on the relative strength chart has broken out of the consolidation and has completed the retracement on the support/resistance zone. Will we see a...
Critical Support Zone For Nifty has arrived. This support zone is between the low of today that is 19412 and 19299.This zone has potential to support Nifty and empower it to cross 200 and 50 hours EMA which are at 19470 and 19538 respectively. Bullish sentiment can return only after closing above 19538. Crossing 19538 the next resistance for Nifty can be near...
1) Weekly – Previous week candle has a bigger wick at the bottom indicating buying momentum at the lower levels This week candle seems to be an inside candle to the previous week candle. Need to wait for today's closing to conclude on this. 2) Daily indicates – 19450 to 19500 is a strong support area. There is a hammer at the Trendline followed by a confirmation...
10 AUGUST ANALYSIS: Daily analysis: PS-Position size Nifty opens: side: if it gives breakdown (2 step - 30+50) gapup: wait for price-action,buy/sell in small qty if inside range gapdown: sell after price-action(100%)
50 EMA (Mumma Support again pulls back the child like a magnet.) Nifty which tried to break the shackles of 50 EMA is again under the same and now the full zone between 19566 to 19684 is full of resistances. Nifty will be bullish only after it closes above 19684. Till then there will be stock specific action based on results. Supports on the lower side are at...