NIFTY CHART BEARISH - Trending Line BrokenAs per fib support levels are 16000 - 14400 - 13100 - 11800
All these are horizontal + fib level support
11800 is Golden ratio 61.8%
Niftyindia
Nifty update for 29th November 2021Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal.
India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening.
Intraday Setup for 29th November
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The Key Resistance is 17,300
Intraday Resistance is 17,100
Intraday Support is 16,900
The Key Support is 16,750
Welcome to Bear Market. Stay safe.
Good Luck
Nifty Buy on dips Hi
Looks like Nifty is going to finish its correction in coming days & we have looks to buy on dip now instead of looking to short it.
The study, we are sharing with you all in that if Nifty close above 17700, it means we are moving towards new ATH if not then will see Nifty drift back to 16900 levels but it does not mean that we have to short that will be the great opportunity for us to buy on dips.
Best of Luck....!!!
Nifty Still in Correction Hi
It was wonderful trading session yesterday.
As per yesterday move looks like we are in corrective structure in Nifty if not then Nifty has to cross yesterday high very fast today if new impulse move is going to start.
Movement will sideways will look to enter in shorts close to 17500 to 17550 for to test the support area 17300 otherwise will avoid todays trading session.
For shorts stop loss will be 17650.
Best of Luck.....!!!!
Nifty Bulls will Face Hurdles Hi
Nifty bulls still face hurdle tomorrow close to 17950 to 17990 levels if these levels will cross convincingly then we can notice 18100 to 18200 levels soon.
This view is as per 1 Hr Time Frame, if will see bulls are doing good then will update accordingly.
Best of Luck!!!
Nifty Bulls Hi
It was very wonderful week.
As per study, Index still looks in correction. Todays bull move will change whole market emotions that nifty is going for ATH but need to understand still needs caution on long side.
We are posting a tentative view, will cross check the at 18200 odd levels.
Best of luck for next week....!!!
Nifty Confusing Hi
As per finding, Nifty looks like doing two pattern 1) Leading Diagonal or 2) WXY correction.
So today is going to be trend deciding day for Index.
We take out yesterday high, it means we moving up then trade plan will be every dip should consider as buying opportunity
OR
We break below 18070 to 18050 then fall will be sharp.
Best of Luck!!
Nifty will Surprise Hi
Looks like Nifty will give surprise to all those are in short.
&
Those are doing longs from these levels & already did should keep STOP LOSS of 17780.
Best of Luck...!!!
Nifty View - 18 November 2021
Nifty levels as per our zones resistance near 17980. if nifty break up side 17930 and sustain then will touch 17970.
if gap down open then will take support near 17855 . please check level.........
Resistance Zone : 1st - 17970-17985
Support Zone : 1st - 17855 - 17850
2nd - 17800 - 17750
Strong support near 17700
Nifty View - 17th November Nifty levels as per our zones resistance near 18083. if nifty break up side 17985 and sustain then will touch 18046 then around 18083.
if break down side 17970 and sustain then will touch 17932, 17854
Resistance Zone : 1st - 18033-18046
2nd - 18072-18083
Support Zone : 1st - 17932-17910
2nd - 17854
Nifty View - 16th NovemberNifty levels as per our zones resistance near 18210(15 November high). if nifty break up side 18140 and sustain then will touch 18167 then around 18200.
if break down side 18120 and sustain then will touch 18080 , 18040 and 17980
Resistance Zone : 1st - 18167
2nd - 18200-18210
Support Zone : 1st - 18040
2nd - 17980
Nifty View - 15th November Nifty levels as per our zones resistance near 18250. if nifty break up side 18100 and sustain then will touch 18171 then around 18250.
if break down side 18100 and sustain then will touch 18050 then 18000
Resistance Zone : 1st - 18170
2nd - 18250
Support Zone : 1st - 18050
2nd - 18000
Nifty Trade Setup for 15th Nov. 2021Good Morning Everyone,
The Market mood and sentiment confusing in the last week, and we have seen a consolidation phase without a clear direction, but in the Friday trading session, Index has given an excellent up move and managed to close above 18,102, which is a good sign for the bulls. 18,150 is a critical level in this week and in today's Intraday as well. Closing above 18,150 will give a new direction, and Index can test 18,430 again, but if Index fails to sustain above 18,000 then we will see more pain this week. The range is very tight at this point, so Be careful.
India USD and SGX Nifty both were trading on a positive note, and the Previous closing was 18,180, which is a sign of a flat or 30-40 point gap up opening
Intraday & Key Resistance is: 18,150 to 18,200 ( Build along on a breakout)
Intraday & key support is 18,000 ( Build a short Position in Intraday)
Trade Accordingly
NIFTY : levels for 15th NovNIFTY : levels for 15th Nov
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty - More Consolidation Hi
Nifty still in consolidation, we may see the level of 17900 - 17830 after that we may start upward journey that journey will looks impulsive but in that also caution is required.
Or
Nifty can form a Triangle in current position.
Caution required in all trades.
Best of Luck....!!!
Nifty Long Trade Soon!!!Hi
As per finding Nifty is in Wave B & doing complex Correction in the form of WXY and the same we can expect end for the same by tomorrow @ 17850 - 17800 Levels.
Tomorrow, Nifty will start wave C towards 18200 odd levels.
Best of Luck!!!!
Nifty Looks Good for LONG Hi
Nifty is looking good for long from here on for the target of 18070 to 18200 but with the STOP LOSS - 17750....!!!
Best of Luck....!!!
NIFTY LOSSES MOMENTUMChart shows clearly that bulls are weak in playing INDIAN NIFTY
Terminal end ( Expanding triangle pattern) has only 3 days to recover(12thNOV21)
BEARS are waiting to catch their prey
Nifty Still in CorrectionHi
As looks like we are still in correction in Nifty.
First possibility: - Bounce from 17613 to 18013 is a corrective bounce of A & now we are in B. B wave will end @ 17807 to 17720 then will see a C wave Bounce.
Second possibility: - We have completed A & B corrective waves & now we are in C then will be moving towards 18150 by today only.
Best of Luck
NIFTY - Market Structure Analysis November 2021 11/05/2021Hello Traders,
Its really important to have a view based on market structure. I am presenting my view for the period of November 2021. As we near the year end expiry, consider considerable amount of short buildup to happen. Assuming markets will correct another 10 to 15 percent after taking a pause or slightly going up for few days. Recommend you to be cautious with your long positions or holdings. Its a good time of the year when you can book some profits from your investments too and let remaining ride into next year.
Do share and comment your views/ questions/ opinions. I will be happy to converse with you.
