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NIFTYImportant Levels for 29/09/2022. The buyers tried hard but once we reached the VA of the last session the sellers got in and did close well. For tomorrow, 16870-16882 can be an important zone. If we see a flat opening and price falls immediately the short positions should have an SL of 16885 and targets shall be the old buyer reference of 16751-16765. But a better trade would be if e have any gap up near today's VA of 16950-16982 and then shorts will give us a good RR with initial target of PDL @ 16835 and next target of 16751-16765 as mentioned. For longs i will wait and take longs with reduced quantity if we see the buyers defending 16835-16850 levels and take positions only above 16882 for targets of 16950-16982 and the old seller reference of 17030-17067. Safe traders can give longs a miss for tomorrow.
NSE:NIFTY1!
by deepss4u
USDCAD: Where can we align to the main trend?Hi Traders, This is my view for this week on: - USDCAD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Long
by kitchen_trading
NZDUSD: two liquidity zones from which I'll go shortHi Traders, This is my view for this week on: - NZDUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view. Pit DISCLAIMER: Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice. ———————————
Short
by kitchen_trading
NIFTYImportant levels for 23/09/2022. The level at which we have closed today is inside the day's VA and if we look at how the day panned out, we can see the price went up in he morning tested previous day VA and then fell and found support at the old buyer reference area and then the expiry dance and a close where none of the buyers or sellers look in control. Tomorrow, we can give the long trades a miss at current levels as we do not see a great RR, but if we see a gap down open we might take longs with reduced position sizing if we see support at 17492-17538 zones. This can be a risky proposition as these reference area has been tested multiple times. For shorts, we can short once we sustain below 17615 for targets of 17544,17492 and the old buyer reference zone of 17357-17382.
NSE:NIFTY1!Short
by deepss4u
BANK NIFTYImportant levels for 23/09/2022. A close right in the middle of the day's range with the control in the hands of the sellers. Tomorrow once we break and sustain below 40624, we can look for shorts as there is a high probability of the price testing today's low @ 40414. The next targets can be 40310 followed by the old buyer reference area of 40020-40100. SL can be max of 60-80 points. On the upside, would prefer to give a miss but risk loving traders can take longs above 41002 with reduced quantity and tight SL for targets of 41220-41390.
NSE:BANKNIFTY1!Short
by deepss4u
BANK NIFTYImportant levels for 22/09/2022. The index is currently inside the buyer reference zone of 40948-41057 and the seller reference zone of 41469-41563. So unless we break either side we can mainly look for scalping opportunities as per intraday data. Longs above the mentioned seller reference still looks a bit dicey and we can look to take longs with less quantity for target of 41750 and 41850. Will be trading this only if we get a RR of more than 1:2, else give it a miss. On the short side, once we break today's low, we can set targets at 40571,40310 and final target should be the old buyer reference of 40020-40100.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant levels for 19/09/2022. The sellers were in control throughout the day but looks some level of buying has happened and the VA is at the lows at the old buyer reference also. So unless we are break 17492, we can avoid shorts and once we break 17492 we can look for targets of 17357-17382. But if we break above 17620 we can take longs with initial targets of 17691-17712. These levels saw good amount of selling in the last session. We need to wait for first 15 minutes and then take positions as we closed in an important zone.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant levels for 16/09/2022. We hit a new ATH today and witnessed good profit booking. After the initial fall, there was a good fight between buyers and sellers and one could say the sellers have an advantage because of the early selling. For tomorrow we can look to short once we break and sustain below 41200 for targets of previous buyer reference @ 40794-40904. Longs can be avoided in case of a flat or gap up opening but in case we open with a gap down, we can look to add longs with reduced quantities at the earlier mentioned buyer reference areas. The targets to look forward will be 41200 and 41300.
NSE:BANKNIFTY1!Short
by deepss4u
NIFTYImportant levels for 16/09/2022. At the end of the day we just witnessed an inside day and unless we break either the high or low of the previous session (Wednesday) we should avoid taking positions. For tomorrow, longs only above the seller reference zone of 18080-18118 for targets of 18196 and 18224 and shorts only below 17800 for targets of 17694 and previous buyer reference of 17640-17663. Also if we see a gap up opening again tomorrow, we can short if we face rejection again @ 18080-18114 seller reference area for targets of 17881-17925.
NSE:NIFTY1!
by deepss4u
NIFTYImportant Levels for 04/08/2022. 2 beautiful trades for today, we captured the fall and then the longs, overall a wonderful day. 17500 and 17250 will be levels to watch out tomorrow, any break on either side can give good momentum. Tomorrow, if we see a flat open, I personally wont recommend shorts immediately as there was a strong buying volume in 17335-17360 zone and a massive cluster above 17388, so these levels will definitely act as support. So longs can be taken above 17440 for 17500 as targets with SL of 17410. In case of a gap up, will wait and watch for price reaction at 17500 levels before initiating any trades. In case of a gap down, will look to buy at marked support areas with 20 point SL for targets of 17440 and 17500.
NSE:NIFTY1!Long
by deepss4u
SPX500 likely to FALL!Hey tradomaniacs, recent action in the orderbook has shown a stop-hunt right above the key-resistance-level as one aggressive buyer has pushed price up into a roof of limit-orders whose got reloaded. So far I expect the market to fall as the entire sentiment is pretty bearish.. only the key-support-zone (Weekly) is the reason for a run up as it is so significant to hold in order to to prevent a new and strong sell-off. However, market-depth clearly showing signs of a another move down within the range, but be carefull with volatility! What do you think?
OANDA:SPX500USDShort
by Trading2ez