Nifty after our market closing has tested a new swing high 17500 , for today , this will act as resistance , since yesterday it has break 17300 resistance , it will act as support. I am expecting market will be in range
Range high -17500
Range low - 17300
Trade set up Sell the range till we get the direction
if 17500 breaks we have possibilites to test...
First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my...
In first hr , if we see breakout of 17180 then we can see target til 17270
From 17270 you can build short with 17300 as SL target 17170/16900/16800
if breakout not done then sell the range 17200 and 16900 when you see trading at 17000
if 16900 breaks you can short for target of 16850/16800
Nifty is bouncing from between the Potential reversal zone level 0.5 and 0.618. Profit booking can be seen in the market. But still the sentiment is super berish.
I am expecting nifty to trade in the range 17300 to 16800 , since the range is big we might see wild moves coming , best trades for today session is short from 17250-17300
IN 50 is started bouncing from the support , we might see small gap up of 30-40 points or flat opening.
Today range - 18000-17650
buy above 17800 for the target of 17910/17950/17990
sell below 17700 for target of 17600, if traded below 17600 , then we can seel blood bath till 17400/17200
I hope you guys had a great weekend
We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which...
Nifty Update for 25th October 2021
A sell-off/profit booking was seen in the market last week.
Index has given a small bounce from the support levels.
Here's the trade setup for today:
Today we are going to use two charts with different time frames to get a better view.
As per IN50USD chart we have a 200 point...
NIFTY50 INDEX has given a non-stop rally from 8th October and made an All-Time High of 18,600, from where we have seen a selloff.
Bear Sentiment is on and it will continue if the low of 18,380 is broken.
High probability trade is on the short side as Index has formed a Harmonic Half Bat pattern and its neckline is placed at 18,380
Consider a short position...
Daily and H4 Charts: Strong bullish momentum
M30: Looking for re-entry opportunity.
1) Bullish TK cross above kumo
2) Stochastic and MACD gold cross as an additional confirmation
3) SSA points upward and makes a new high
index has been seen trading in a narrow range with volatility. 17,800 to 17,900 is a 100 point no trading zone and also an indecision point.
Consider a buying position above 17,900 for the upside targets of 17,950 and 18,000.
18,000 will act as a resistance as it is a psychological level.
Below 17,800 Index can fall till 17,700 as it is a dynamic support.
Today we are discussing ind50usd, because it gives a good clarity on how we shud trade in nifty.
As in50usd is trading in a parallel channel. Consider buying or selling at green trend line when it comes. From that position 300 points straight run will come.
Join my tele channel named banknifty harmonics and price action.
SGX NIFTY which is traded based on our indian NIFTY, will give you an ADVANCED movements before our market opens.
This will give traders an edge to take or quit positions ,sometimes loss of sleep also!
Elliot waves should be drawn as per cash markets(as per Glen neely) But there is nothing wrong since this future is the mainly traded by matured participants unlike...
Nifty Update (08 September 2021)
The market snapped its three-day winning streak after a volatile session.
Here’s the trade setup for today:
17,440 is an important key-level for the day as Index has tested the level multiple times & took resistance.
We going to open a long position only above 17,450 if the price closes and...
Nifty Update (31st August 2021)
Nifty rose 225.85 points or 1.35 percent to its record closing of 16,931.05. It touched an all-time intra-day high of 16,951.50 in the previous trading session on 30, August 2021
According to IND50 data, we are likely to see a flat to a negative opening in the Indian Indices.