Nifty is sideways to bearish, will consider bullish only above ATH. Price action has no strength to trade big moves, only scalp trade set up is suitable for such market. Do not trade random & wait for your right trade set up.
Price created a strong bottom at 19300 level... multiple times the price is taken the support from 19300 level. This level is crucial for Nifty to sustain above 20K. if price again creates a strong bullishness from this zone this will break the 20k zone and Reaches 20500 level easily. the zone @19300 level is the price gives us discount, to enter long for 20500...
Bullish gap left @19200-19250 Bearish Gap left @19670-19700 when this gap be finished....?? if price continuously falls tomorrow it finishes the bullish gap. If price showing us bullishness tomorrow,19500 will again acts as resistance.. so in order to go upside, price must be consolidates and has to create a bullish view and retraces back then only, bearish gap...
Buy Above 19623 Tgt 19686 short Below 19566 for Tgt of 19500/19450
Nifty on hourly chart has closed near very critical and strong resistance zone formed due to a parallel chanell in which it is falling since it made a new high of 19991.85. The resistance zone starts from today's high of 19620 and ends at 19685. Closing above 19685 is imperative for Nifty to go towards 19798, 19871 and finally then it can aim for the target of...
Very interestingly placed Nifty respecting a critical support of 19296. The zone between 19296 and 19174 is a good strong support zone for Nifty. If this zone will be broken the Nifty can open floodgate for bears and take the index towards 18883, 18440 or 18268 in the worst case scenario. However the strength shown on Friday should be seen as buoyancy of Indian...
Nifty will have three supports in range which will be like last refuge for bears. One is the low of today which already gave support in the closing hours to Nifty. i.e. 19292. Belos 19292 we have the support zone between 19202 and 19239 hopefully Nifty will bounce from this zone. If not...bears will start coming into action with a lot of energy. Lot of resistances...
The nifty Index, after a strong fall price is given us 50%-60% retracement in Fibonacci. if tomorrow price wants to fall this is the area that can push the price lower. the previous resistance acts as support and price moved up again.. Don't go for short side if price breaks the low.... there is an another zone, that can immediately push the price up to...
Nifty today closed 1.05% in the negative due to major global news of US downgrade. Lot of Euphoria was also there and many stocks were seething in the overbought zone so the correction was due. Major supports now for Nifty can be near 19440 and 19315. If 19315 will be broken bears will get more empowered and next support zone will be in the range of 19239 and...
Nifty Seems to be defying gravity and seems determined to create yet another high given it is able to clear the resistances ahead. The resistances being 19767, 19837, 19912 and 19991. If these levels are crossed the New Nifty high can be near 20100 or 20242. Supports that Nifty has as of now are 19701, 19577 and 19411. Below 19411 the only major support now...
Rules: In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades. If we follow this approach, over the long run, money is gained. A trader is advised not to treat these setups as lottery...
1 AUGUST ANALYSIS: Daily analysis: Nifty opens: side: buy if breaks up (PS-70%) gapup: wait for price-action buy on upside breakout(ps-50%) gapdown: we trade in small qty on sell side price-action on big gapdown we will wait for price-action, sell on breakout
Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red...
Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally...
After a strong fall price is again showing strong bullishness from the zone 19625 levels. If this is a retracement tomorrow again falls, if its a buyers move it will again reach ATH again. Until price breaks this level don't go for short... keep on buy side price will again test ATH levels, Bearish gap left at ATH may fill. So based on price opening will decide...
19750 and 50 Hours EMA at 19723 major supports for Nifty. Below these 2 levels the support for Nifty will be near 19621 and 19516. Nifty becomes vulnerable and bears can tighten their grip below 19516. Below 19516 only 19347 is the major support (200 Hours EMA). Trend can change to bearish below this level. Resistance on the upper side for Nifty will be near...
Mid-Channel support and 50 hours EMA on Hourly Parallel channel is Broken and now the next support for Nifty is only near 19633. Other supports for Nifty are near 19572 and 19516. 200 EMA which will be like major support for the existing rally is near 19289. Below 19289 the Rally may fizzle out and bears will strive to take control. Resistances on the upper side...
Market is bullish. Look for a pull back and enter the long trade.