#Nifty50 Levels for Expiry 17-Aug-2023Wizard Levels/Zones
#Nifty50 Levels for 17-08-2023
>Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below then SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT.
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
Nifty50
NIFTY ANALYSIS FOR THURSDAY 17THAUGUST 2023-FOR EDUCATION PURPOSNIFTY ANALYSIS FOR THURSDAY 17THAUGUST 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 advisor.
@vijayanjum
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Nifty Trade Plan August 16Trade Plan – Probabilities and corresponding Plan!
Resistance / Supply zones - Marked in black
Support / Demand zones in green.
If the market opens flat –
1) It may again pick a supply at Friday’s high region and move down till Yesterday’s low region – demand 19350-19295. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action.
2) It may move beyond Friday’s high region and take a hit at the Trendline supply region 19510-19532. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action. One may look to go long only post a solid consolidation price action above Friday’s high zone.
3) It may directly move down to pick the demand at Yesterday’s low region, 19350-19295, and then consolidate or break yesterday’s low. One may look to sell this only post a consolidation price action at yesterday’s low region. One may look to buy the dip if there is a consolidation price action post the down move.
If the Market opens gap down –
1) Beyond yesterday’s low region, long unwinding may happen leading to a fall till 19235 - 19185 – next support zone. One may initiate shorts if aggressive if not wait for a small rise to short the market further. Or even wait for a reversal price action opportunity post-consolidation.
2) If the market opens between yesterday’s high and close with a decent gap down, will look to go long or short only based on consolidation price action post 10 AM. If the market consolidates and breaks yesterday’s low then one may initiate short. If the market consolidates and moves up, then can go long till yesterday’s high zone. Will ignore if yesterday’s low is broken immediately and wait for an opportunity as per 1.
If the Market opens a gap up –
1) One may initiate shorts based on setup confirmation as there are too many supply zones and ride till the demand zones are marked. One may go long only post a solid consolidation pattern at the Trendline region as there are too many supplies between 19462 – 19640.
Happy trading!
Recipe for a Successful Trader - Rules for Entry, Risk Management for Exit and SL, Discipline in all Aspects, Zero tolerance to Overtrading.
#Nifty50 Levels for 16-Aug-2023Wizard Levels/Zones
#Nifty50 Levels for 16-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, and Rules.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
NIFTY ANALYSIS FOR WEDNESDAY 16THAUGUST 2023-FOR EDUCATION PURPONIFTY ANALYSIS FOR WEDNESDAY 16THAUGUST 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 advisor.
@vijayanjum
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Bullish on Nifty equal weight relative to Nifty 50?Nifty 50 Equal Weight index to Nifty 50 index relative strength (NIFTY50EQUALWEIGHT/NIFTY) chart seems to have broken out of an ascending triangle type consolidation on the weekly time scale.
The price action on the relative strength chart has broken out of the consolidation and has completed the retracement on the support/resistance zone. Will we see a continuation of the bullish breakout?
If the breakout is successful, we are likely to see bullish price action on PSEs, PSU Banks, Pharma, and Metal stocks while Banks and IT stocks are likely to face headwinds.
Critical Final Support Zone For Nifty has arrived. Critical Support Zone For Nifty has arrived. This support zone is between the low of today that is 19412 and 19299.This zone has potential to support Nifty and empower it to cross 200 and 50 hours EMA which are at 19470 and 19538 respectively. Bullish sentiment can return only after closing above 19538. Crossing 19538 the next resistance for Nifty can be near 19597 and 19645. Closing above 19645 will then give psychological edge to the Bulls who will try to pull Nifty above 19800 and eventually 20K+. Closing below 19299 can change the trend in favour of Bears.
Nifty Demystified in Multiple TF for August 11 2023
1) Weekly – Previous week candle has a bigger wick at the bottom indicating buying momentum at the lower levels
This week candle seems to be an inside candle to the previous week candle. Need to wait for today's closing to conclude on this.
2) Daily indicates – 19450 to 19500 is a strong support area. There is a hammer at the Trendline followed by a confirmation candle of yesterday, can’t be ignored.
For any further down move to continue on the positional basis, there must be a daily close less than 19530.
Intraday analysis
1) 4H candles indicate wicks at the bottom at the Trendline supply zone indicating that sell orders are being absorbed at the supply levels at the same time there is buying at 19490-19530 region every time price hits there.
2) 30 Minutes indicate that, the selling is too strong till now, the size of the red candles is too big compared to the green ones and one red candle has covered a minimum of 2 green candles, the green candles formed in the last 30 mins are weak ones.
3) There has been an excellent price compression in the 15 minutes and 5 minutes time frame, so will wait for the price action to go long/short after 10 AM.
Supply and Demand zones have been marked.
Happy trading !
50EMA (Mumma Support again pulls back the child like a magnet.) 50 EMA (Mumma Support again pulls back the child like a magnet.) Nifty which tried to break the shackles of 50 EMA is again under the same and now the full zone between 19566 to 19684 is full of resistances. Nifty will be bullish only after it closes above 19684. Till then there will be stock specific action based on results. Supports on the lower side are at 19528 and 19471. Other major support of 19471 is broken will be 19423. Below 19423 Nifty becomes very weak and Bears will be calling the shots totally.
NIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR FRIDAY 11TH AUGUST 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 advisor.
@vijayanjum
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Nifty Respected our Mother Father Small Child Theory. Nifty on a third attempt today broke the Parallel chanel top and closed comfortably above 50 hours EMA (19568)(Mamma Line). If Nifty sustains above 19568 tomorrow it will turn positive again. In such a scenario the next resistances will be at 19645 and 19684. Crossing and closing above 19684 will open the possibility of Nifty 19798 and 19850+. Supports for Nifty on the lower side are at 19528, 19465 (Pappa Line) and 19423.
Look at the chart and think about our Mother, Father and Small Child theory which says. The small child (Candle sticks) run around like a small child set free in a garden or a play ground. Keeps coming back to Mother line (50 EMA again and again). In case of making new highs or difficult circumstances it comes to meet Pappa line (200 EMA). In case they give 'ashirvaad' or permission to fly it runs away from them with freedom. In case they dont give permission the helpless child will remain below their shadow. Mummy and Papa are strongest supports and strongest resistance for the small child. (small child being the candle sticks, 50 EMA being soft Mamma Line and 200 EMA being Strong Pappa line.
Now again look at the chart. There was a gap down on 2nd August...Mother brought the child under her shadow and told her husband..."The child is becoming very naughty please take care of him for a while...". Pappa has to oblige.
Only 4th August the child was set free by Pappa line after the child pleaded for Freedom but Mamma line this time very disturbed did not allow freedom to the child till 7th August. Again on 8th August Mamma caught hold of the child and gave possession back to Pappa. Today morning Papa again told the child (supported him but also scolded "don't be too mischievous go and play" so the child from then on was set free..). Papa also instructed the mother..."Let the child play". This time in late after noon Mamma has obliged and the child is set free to play again. If the child behaves properly this time and stays above Mamma line...It will fly/run further...
Nifty50 Analysis and Trade Plan for August 09Supply and demand zones marked on yesterday's chart hold good for tomorrow as well.
Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Same as yesterday, Nifty has not moved majorly from yesterday’s OHLC. Hence Requoting “Nifty is in the process of forming a retracement, Lower High for the Downtrend formed. But if it moves strongly above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to an uptrend.”
19530 will act as an important support level, for 2 days, the market has been taking support at 19530.
Trade Plan:-
If the Market opens a gap up –
1) Will look to short the market based on setup confirmation till the Gap filling / Trendline support/R1 or till 19530 based on price action and run further as needed.
2) Can go long only after consolidation breakout , but too many sell zones above, so may not be keen on this trade unless Nifty crosses and sustains above 19876 zone. Will watch for major resistance zones marked above – R2,R3,R4.
If the Market opens flat -
Will wait for Price action, may be a rejection at R1/TL Resistance again till 19530 or below or could be a consolidation again till 19530 and then move up.
1) Possible short scalp from TL rejection till 19530 based on setup confirmation or could wait till 19530 breaks and then ride till next support level of 19460.
2) Will go long only post consolidation breakout of the smaller TL that has formed today but would be cautious at the major Trendline above and also the gap supply above it, will be keen on price sustainability above the major Trendline till the gap zone of 19738.
If the Market opens a gap down -
1) Will look to short the market if any setup confirmation signal is obtained till the demand levels as marked based on where it opens either at S2/S3/S4 levels. Will be keen to short if there is a huge gap down at 19400 based on setup confirmation. If the price takes support, one may wait for consolidation up moves.
2) Will look to go long only if any setup exists post 75 minutes of consolidation/price sustainability at the higher levels from the Possible demand levels.
Please check for Demand zones below 19200
Nifty Intraday HS Pattern LevelsNifty has formed a Head and shoulder pattern in the intraday time frame, and has broken it's neckline at 19530, so one can consider to go short at the retest of the same 19530, with a bearish candle pattern confirmation or any other technical setup confirmation.
19423 - 19430 target, next support zone.
Happy trading!
Nifty Not able to break Channel top smells Weakness.Another attempt by Nifty today to break the channel top was unsuccessful. Nifty made a high of 19634 which was channel top and from there we saw pressure build and resistance work. The resistance pushed Nifty downwards and the support of 19533 was activated and it worked well. Nifty staged mini recovery from that level and closed the day at 19570, which is just below 50 hours EMA. Unable to conquer the channel top and ending below critical resistance has activated Bears and they will try again to push nifty down. 19533 to 19520 and then 19459 to 19423 can again be support zones for Nifty as of now. A closing below 19423 will empower the Bears more and they can further drag Nifty towards it's final support of 19296.
Baja Finance Intraday Trade Levels and AnalysisThe stock is reversing from demand zone after 4 days of consolidation in the same zone, also there is a double top breakdown in Daily time frame, and the stock is poised for a retest of the Double Top neckline area.
75 minutes shows Double bottom very evident with RSI divergence and RSI moving into 70+ strength zone, an up move of odd 7200-7400 levels is possible.
Hence with the above levels, one can consider a long Intraday trade with an RR of min 1:1 or max even 1:2.
NIFTY ANALYSIS FOR WEDNESDAY 9TH AUGUST 2023-FOR EDUCATION PURPONIFTY ANALYSIS FOR WEDNESDAY 9TH AUGUST 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 advisor.
@vijayanjum
#nse
#nsebse
#Nifty
#niftyfifty
#bankniftytrading
#nfitybank
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Nifty50 Intraday Levels TradePlan Analysis Aug 08Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to uptrend.
Trade Plan:-
If the Market opens flat,
1) Would look for any rejection at the Trendline and initiate shorts till the demand levels such as today's day low, Friday's day low based on price action and setup confirmation.
2) Can also look for reversal trades at the demand zones marked post consolidation beyond 10:15 AM.
3) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
If the Market opens gap up,
1) Will look to short the market at the mentioned supply zones and run till the gap filling happens or till the Trendline support or the marked demand zones based on Technical setup confirmations.
2) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
3) Can go long once the gap filling is complete based on Technical setups.
If the Market opens gap down,
1) Will go short if today's or Friday's low is broken.
2) Will go long if gap is at demand levels marked with CONSOLIDATION and setup confirmation. Would look to run till Trendline/Gap resistances.
Happy trading! Please do comment for suggestions.
Please do check for Demand zones below 19200.