NIFTY ANALYSIS FOR 20th September 2023-FOR EDUCATION PURPOSE This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered...
3 AUGUST ANALYSIS: Daily analysis: Nifty opens: side: wait for second half (50% down, 30% up) gapup: wait for price-action, take trade after 12pm gapdown: if it gives breakdown then selll (ps-50%)
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
26JULY ANALYSIS: Daily analysis: Nifty opens: side: buy if it breaks up with some consolidation (PS-30%) gapup: for gap up wait for price-action and buy if give breakout after some conolidation(ps-50%) we will buy only when market closes above 19785 (PS40%, if gives breakout after 12 then 60%PS) gapdown: we will sell if market breaks after some consolidation ...
21JULY ANALYSIS: Daily analysis: Nifty opens: side: if market gives breakout after some consolidation then buy(PS-50%) gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-50%) if a morning star candle formed(inverted candle with wick) then we can sell in very less quantity (ps-20%) gapdown: if gives breakout upside...
19JULY ANALYSIS: Daily analysis: Nifty opens: side: if market gives breakout after some consolidation then buy(PS-50%) gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-50%) gapdown: open below day low then we will sell in later half of the market if price-action form on big gap down we will buy after 5 min, as...
17JULY ANALYSIS: Daily analysis: Nifty opens: side: if market gives breakout after some consolidation then buy(PS-70%) gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-80%) gapdown: we will not sell today
17JULY ANALYSIS: Daily analysis: Nifty opens: side: if market gives breakout after some consolidation then buy(PS-100%) gapup: for gap up wait for price-action and then buy if market goes up after taking support (ps-100%) gapdown: sell only below 14450, if price action starts to build up
6JULY ANALYSIS: Daily analysis: Nifty opens: side: if market give downside breakout of 19300 then sell (PS-100% ) gapup: wait for price-action buying will happen only after 19420 gapdown: sell in normal qty after price-action big gapdown: buy if hammer candle forms
7JULY ANALYSIS: Nifty opens: side: if market give upside breakout then buy (PS-50% ) gapup: wait for price-action/or after retracement we could buy (PS-50% ) gapdown: sell in normal qty only when there is double confirmation (market goes down after consolidation)
6JULY ANALYSIS: Nifty opens: side: if market give upside breakout then buy (PS-50% ) sell on breakdown gapup: wait for price-action if there is huge gapup buy on breakout (PS-50% ) gapdown: sell in big qty only when there is double confirmation
5JULY ANALYSIS: Nifty opens: side: if market give upside breakout then buy (PS-50% ) sell on breakdown gapup: wait for price-action if there is huge gapup buy on breakout (PS-50% ) gapdown: sell in big qty only when there is double confirmation
The hourly channel that we were following since last 2 months or more has been broken on the upper side due to the ongoing mad bull run. The question that comes to various minds is what next for Nifty or where next for Nifty. To answer that we go back to the daily chart and apply simple fibonacci levels. Fibonacci levels on daily charts suggest the following...
- if nifty breaks yesterday's high in morning without consolidation than buy in 1/10 qty. - if breakout on upper side happens after consolidation then we can buy. - on lower side if market opens big gap down and consolidate around 18740 then give breakout then we can sell.
If market opens sideways and breaks support then we will sell. If market opens gapup or later half of the market gives breakout after some consolidation than we can buy. on big gap down we will have to wait for further price-action.
If market opens sideways and slight gapup then chances of market going up is high. we can buy at breakout of previous day high if market opens big gapdown and started going down then only we can try for selling
Market has become bullish Buy above 18720. Sell only in case market opened with a very huge gapdown and after 15 to 30 min starting trading with bearish price-action
Market again has come to decision making zone. From here market can go up or down both. 18640 for buying breakout 18590(sell small qty)/18560(sell full qty)