The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
BUY ABOVE - 18820 SL - 18790 TARGETS - 18870,18920,18960 SELL BELOW - 18790 SL - 18820 TARGETS - 18750,18640,18610 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time...
BUY ABOVE - 18780 SL - 18750 TARGETS - 18820,18870,18920 SELL BELOW - 18720 SL - 18750 TARGETS - 18640,18610,18580 Trade Safe & Happy Trading Guys This is only for educational purpose so TAKE YOUR OWN RISK REWARD
Nifty 50: Bank Nifty : Nifty IT: HDFC: TCS: INFY Kotak: This is the comparison of the major stocks, Nifty IT and Bank Nifty and current levels of major contributors. Dec 1 2022, Nifty's was majorly from Nifty IT and from Bank Nifty. Nifty IT was at Life time/ 52 week High and NIFTY Bank was also at almost 52 week high. Current...
Again invariably Mid-Channel line comes to rescue as the NIFTY failed to make new All Time High today after coming very very close to the top. When you are near the top or while bottom is forming volatility will be at it's peak as near the top there will be profit booking and near the bottom there will be loss boking. Spot Nifty Supports and resistances are as...
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see! Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 20TH JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 43650 break 43750,then 43850-43950-44050 level can be achieved. If BankNifty break down 43650 and break 43550 spend time below then 43450-43350-43250 NIFTY:- If Nifty sustain the level of 18750 and break 18875 then 18800-18825-18850 level can be...
Nifty is within touching distance of all time high. The final resistance zone is between 18865 and 18887.6. It is a difficult but conquerable resistance zone. Supports on the lower side are near 18700, 18639, 18555 and finally 18461. Below 18461 closing the channel will be broken and the trend can become weak.
Today AFFLE is just closed above 200 EMA. For next week First target is 1165.
I posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join...
NIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below). This idea is a continuation of our previous predictions and we are...
Mid-Channel Key Support Zone for Nifty. Can it aim for All time high taking support from here? It is quite possible. Key resistances will be 18717, 18798, 18831 and finally All time high 18887.6. Key supports for Nifty 18672 (Major support which should not be broken). 18639, 18555 and 18512. It is mostly matter of time when Nifty will reach all time high, rather...
BANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 16TH JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 43500 break 43550,then 43550-43650-43750-43850 level can be achieved. If BankNifty break down 43500 and break 43400 spend time below then 43350-43250-43150 NIFTY:- If Nifty sustain the level of 18700 and break 18725 then 18750-18775-18000 level...
NIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: ...
The Ten point range between 18768 to 18778 proving to be resistance once again. Nifty however closed above the strong support of 18728. Other supports for Nifty are 18656 to 18639 zone (Strong Support). Below this area Nifty has support only near 18555, 18465 and 18417. Resistances for Nifty on the upper side if it crosses the zone of 18768 to 18778 are near 18831...
Gap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will...
This is very important level for next days full line is call put writer and dot line is support resistance line