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Nifty50pricetrendanalysis

Nifty50: Key Support and Resistance LevelNifty50 is in strong uptrend and my personal view on Nifty is bullish medium to long-term. However, you can expect correction soon. So, for swing traders and investors correction may provide you an opportunity to enter. That's why you need to know from where Nifty50 might bounce back. So, I draw key diagonal Support and Resistance level. Wait for these levels and when price rejects this price level, you may get an opportunity to make money. Happy Trading!
NSE:NIFTYLong
by AkmeAnalytics
Nifty 50 Weekly View & Trade Setup for October 4th week Hello everyone, Last week we had given a short from 12000 with 12030. The index high is 1224.55. The index has fallen like a knife from this level and made 11664.00 Low almost 336 Points in the previous week. Hope you guys have made good money last week. Now the main question is what will be our setup for this week and what position we will be preferred in a shorter time frame and Intraday as well. There is no doubt that the index is still bullish in a longer time frame but we are intraday and short-term swing trader and buy-sell are both positions is for us. In a shorter time frame, In shorter time frame Index is in a correction fedge and Short Position is much stronger than Long. Remember one thing always that Entry is very Important in Intraday. In the chart, I had marked some trend line so you guys can understand the current market situation. These lines are so Important in Intraday. Trade setup ================ Long : ======== SGX nifty is trading on a positive note so we can see a gap up opening today but you guys need to consider buying only above 11900. so wait until this level comes and the Index must be sustained on this level.Stop loss will 11850 Target: Open Short: =========== Short Position is tricky. Today Important level for short is 11860 and 11770 As I said before the current sentiment is bearish so both levels can consider for your short Position. Second If you see an up move at the first trading session and index test 11860-11870 then you guys can build your short position here with 11910 Stop loss. The second short can considerably lower than 11770 with 11820 stop loss. Target is Open Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty 50 weekly forecast & Intraday setup for 05th October 2020Hello friends, Hope you guys have done good in the last week and made some good money from the trading. I had seen that lot of peoples want to trade in Nifty and Banknifty Index just because of the volatility. I do agree that Index always has an opportunity for a knowledgable trader but the worst part is Index momentum is very hard to predict in the Intraday and you must follow the discipline more than any analysis. September is always a nightmare for Nifty 50 as per the last 3 year data. very volatile as we had seen recently. Total 1800 Points movement we had seen in the September month which is shown how many indexes volatile these days. Let's Investigate what was happened in September month. Before the September Index was so bullish and making higher high and breaking most of the resistance but we had given you 10,750 level for a correction. This level has come from the harmonic and worked very well. The index has given 1000 Point downside move and made a low 10,790. Tou can see our 31st august analysis on the trading view. We predicted most of the major moves. I am gonna update all, check bellow images Updated chart : Then we predicted an upside move. Updated chart : Our last idea has been shared on Thursday and we pick Inda 50 for this analysis because Nifty 50 has not enough data. Check bellow Image Updated chart : These all our Past analysis and we have just updated them for your study purpose so you can believe that swing trading is far better than Intraday ... Now the main question is what gonna happen in October first trading week. Let's talk about key factors first. Key Factors ============== 1-The Govt announced the launch of an ambitious information technology project 'Sunidhi' to digitize all provident fund and pension related activities of the Coal Mines Provident Fund Organisation. 2-India posted a trade deficit of $2.91 billion in goods in September. Merchandise imports contracted 19.60% in September to $30.31 billion from a year ago while exports rose 5.27% to $27.40 billion. 3-Automobile manufacturers showed significant signs of recovery as they dispatched 13% more vehicles to dealers in September. Tractor sales also increased, indicating that a good monsoon is driving the rural economy 4-NBFCs pin hopes on festive season for revival in credit disbursals. The collection efficiency of non-banking lenders and housing finance companies picks up. 5-India registered 79,705 new Covid-19 cases, taking the tally to 6,471,734. With a high level of recoveries, India was maintaining its global position as the country with the highest number of recovered Covid-19 patients. 6- An effective vaccine is not likely to be available for the general public before the fall of 2021, according to experts working in the field of vaccine development. 7- India’s economy posted its worst slump in the three months ended June as disruptions caused by the Covid-19 outbreak brought Asia’s third-largest economy to a halt. Economists expect growth to shrink in the year through March 2021, in the first such contraction in more than four decades. 8-Bringing huge relief to individual and MSME borrowers, the Centre told the Supreme Court that it would waive interest on the repayment of loans of up to Rs 2 crore. The move will provide relief to individual borrowers MSMEs during the COVID-19 outbreak. The waiver on interest would apply, irrespective of whether the borrower has availed of the moratorium in the categories of loans specified by the Govt. The waiving off interest on loans to every category would amount to a burden of Rs 6 lakh crore for banks. 9- Indian rupee, Crude oil is stable. Weekly Trade Setup ==================== Nifty is trading on a major resistance area (11,500) and a correction is accepted.11,200 is the support area. This 300 Point range will decide Nifty Movement for this and for this month so keep an eye on both levels and set up your trade according to it . Intraday Trade Setup for 05th October 2020 =========================================== As per Sgx nifty, we are going to see a huge gap down again so most of the levels based on previous data is Invalid now. We need to set up a fresh trade today. I suggest Use 30 Minute candle high low set up your trade. Wait first 30 minutes. Go in long if a high break or short if low breaks . Use less exposure on the buying side. Major Intraday Resistance is 11,456 and major Intraday support is 11,300. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
1
NIFTY50 at important levels..#nifty50 has reached an important level i.e 11200, Why Important - As its a level from where we had seen straight fall in nifty50. Current Price Action Observation Check the size of the candles of the last two rallies, most of them were indecisive candles. Check the difference between the peaks, they are contracting. Currently, price action, suggesting that the index is losing momentum on the upside. Pattern ABCD pattern is completing at 11184 levels, which aligns with price action levels - 11100 - 11200. So what to do now? Since the structure of the index is positive .ie higher highs and higher lows, we cannot turn bearish on the index, the only thing we can do here is to stay cautious or trade light or trail the trades, so that don't feel the FOMO. Or Instead of index trading, take stock specific trades, until we see some clarity as to the direction of the index,
NSE:NIFTY
by manuagarwal21
1
Nifty: This channel will tell you if there is another leg down The channel here contains all the price action that has happened from March Lows. Currently this channel has enough room on the upside to allow for any major rally. If the worst is over than this channel should continue to hold and we will only witness a breakout on the upside eventually. On the contrary if we see that prices break below the lower trend line it will be first indication that we may be seeing a second leg of the fall we witnessed in march (less likely).
NSE:NIFTY
by yash_utmani
Buying Opportunity Nifty 50 Call option or Long FutureHi Traders, I found an opportunity on Nifty 50, as the market is consolidating from a few trading sessions. Type of position:- 1. Buy Call Option 2. Write Put Option (Sell Put option) 3. Buy Nifty 50 Future Entry:- 8290 Target:- 8500 Stop loss:- 8125 Terms used on the charts are my own a. Fakers:- It means institutional traders are driving the market ahead to its usual point to manipulate traders mindset, They generally know where traders keep their stop loss & once they hit that spot traders will lose money. b. Money Spot:- It is the spot where you can make money, where the probability of success is high. Thank You
NSE:NIFTYLong
by Big_Boy_Territory_169