NSE:NIFTY For flat Opening 🟢 Buy CE, if price closes above 16320 👉 Target should be 16403,16480 🔴 Buy PE, if price closes Below 16220 👉 Target should be 16130 For Gap-Up Strategy (below 16320) 🟢 Buy CE, Near 16260 👉 Target should be 16403,16480 🔴 Avoid PE For Gap-Down Strategy (Below 16225) 🟢 Buy CE, Near 16125 🔴 Buy PE, If price closes 16120 (with...
Primary Trend for a week on a 15 min time frame is uptrend. But last 1 one hour of previous trading day there was a huge selling. Nifty has fallen about 300 points and closed at 17111.06 that is below near weekly pivot of 17102.55. Nifty is trading between 16800 to 17400 for 2 weeks. Everytime it broken 17000 on lower side it took support around 16800 to 16900 and...
Understanding trades of nifty future for 02.05.2022 (Monday).
Here I am mentioning 3 possibilities for Nifty 50. Scenario 1: if Nifty breaks down to 16400 - 16300 to reverse, then it is an Inverse Head and Shoulders. Scenario 2: Nifty May drop to 15500 around to form a double bottom on weekly and then reverse. Scenario 3: This is worst of all, if nifty drops to 14200 then it confirms a Megaphone pattern. Overall Nifty is...
Nifty 50 Index started the week on a negative note, in continuation of the prevailing correction phase. After a 280 points gap-down opening (slightly below the ABCD target of 17218) amid weak global cues and lower than expected results from heavyweights like Infosys and HDFC Bank, the Index continued to trade with a negative bias before recovering some of the...
No its not a crash but it will touch its resistance then it will take some support the will be back to its normals Macd and candle stick shows that Hence :( stop loss is must and not good days for swings
Nifty 50 Index Analysis – Daily TF Nifty 50 Index has given a straight run to 18100 levels (making a new swing high) after hitting a low of 15800 (impulse) during March 2nd week and is currently in a correction phase. As we all know every impulse has a correction, a correction for the straight impulse is inevitable and the market always moves in such a manner. A...
Nifty has created a gap an has traded in a range. It took support from its 20ema on daily time frame and 200 ema on 30 minutes time frame. Support :- 17520, 17425, 17325 Resistance :- 17590, 17670 If the level of 17670 breaks the market will cross ita Resisitance level and 200 ema on smaller time frame. Wait and watch the price action near the levels. Just...
Hello Traders, Nifty-08/04/2022-Levels ------------------------------ If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of S@1 (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... 1) Trade with...
After yesterday's BIG move due to HDFC Twinc now Nifty need to be cool down to go more. Currenlty, Nifty is trading in triangle patter. its verymuch imporatant for Nifty to corss yesterday's high and sustain. currently it is forming double top patter on 15 min time frame. Down side 17900 is very much important support zone for Nifty. if nifty sustain and not...
Market was volatile today and during the second half gave a up move and consolidated near the resistance zone. Nify has closed below the 50% of fib levels and Resisitance zone. Market looks bullish for tomorrow but has remained volatile in 17200-500 range. Support :- 17190, 17100 Resistance :-17225-30, 17320 Wait for the candlestick pattern to form near the...
NIFTY taken resistance from weekly time frame & reversed back. As mentioned yesterday Nifty unable to cross major resistance. Now we may have to wait more. Nifty levels for tomorrow available on chart Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial...
Nifty Bonce Perfectly and ready for gap up opening. Support & resistance are on chart Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
Nifty closed on a bullish note on last trading day. Market trend reversed in the second half of the market. Nifty is just below the resistance levels of 17321-17340. Support levels:- 17190, 17100, 17000 Resistance levels :- 17340, 17500, 17600 Wait for the market to give a movement in either direction. The market may consolidate as market moved very bullish...
Nifty traded as per our yesterdays levels today its traded between one range and taking support & resistance accordingly. once we can see bullish candle near support or Bearish candle near resistance we may enter with small SL. You can study at your side before entering in trade. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered...
Bullish Symmetrical Triangle has been formed and the range for Upward movement is 17000 and if the trend is downward, then the rally may extend upto 16200. This post is for educational purpose only. Happy to take comments and feedback.
This is just a view of nifty based on supports pattern analysis. i am seeing Head and shoulder pattern to be formed and then fall till 12-13k and very quick upside rally afterwards.