Niftyindia
Nifty - Bulls will take control Hi
As per findings looks like 5.4. looks complete, if yes then Nifty will not find any hurdle @ 18430 - 18450 & soon will see new ATH or still anything pending on down side then it will find hurdle on these level & will see on more low for further up move (ATH).
As the channel drawn on chart nifty will travel in it only to reach new ATH.
Any of you carry long position so keep your stop loss 18240 or hedge the position....!!!
Have a great trading day....!!!
NIFTY FUTURES SHOW both sidesNifty- huge long positions were build on 5 days future data, huge calls were short in option chain, no build up on put side, people are in fear market will fall, but tomorrow will be up and down day both. as market will go down and up both side. as the data suggest. as fii and hni were buying in index futures to give jump and also buying puts to let indexes down in starting, so data is more negative as per options and positive as per index futures. market will show both red and green, similar story in bank nifty also.
Nifty Update for 18th October 2021
We will see a flat to a positive opening in Indian Indices today as per IN50USD data.
NIFTY50 Index is trading at a supply zone/PRZ zone which we have calculated using our HARMONIC XABCD Pattern.
Today Index has a narrow trading range, and we may see the Index trading on both sides today.
Nifty Major resistance 18,400 levels.
18,240 will act as a support.
For Buying (long)
Consider a buying position above 18,360 for the targets of 18,400/18,420/18,450
For Selling (short)
Consider a short position only below 18,305 for the targets of 18,290 to 18,260
Be careful the range is small, and we'll see the movement on both the sides, Quick profit booking suggested.
Trade setup
==============
Key RESISTANCE is: 18,400
Key SUPPORT is: 18,240
Trade Accordingly!
Nifty 50 Trade setup for 13th October 2021Good Morning Everyone,
In yesterday's trading session, The Index has managed to close above 18,000, a sign of strength. We know the trend is still bullish, and the index has broken an Important level, but the main question is intraday because of both sides' moves. Intraday is very tricky in today's trading session because only 24 hours left in the expiry.
The market structure is bullish in the hourly time frame and making higher highs. Harmonic ABCD pattern has given a dot reversal in Monday trading session and create a range that is valid for today's trading session. We will see a direction on a breakout; otherwise higher chances to see the range again.
Trade Setup
==================
Build long Position if the Monday high of 18,050 broken for the target of 18,150 and 18,200.
Short Position can build lower than 17,940 for the targets of 17,900 and 17,850
Trade setup
==============
RANGE HIGH: 18,050
RANGE LOW: 17,940
Essential support is: 17,800
Key Resistance is: 18,200
Trade Accordingly
Nifty Update for 08th October 2021 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.
We may see a range bound session as there is not much room on either side for Intraday.
Trade setup
==============
Key support is: 17,700
Key Resistance is: 18,000
High probability of a sideways market today. Use your trading sense to trade.
Trade Accordingly!
NIFTY, RSI showing divergence - is it Trend reversal ❓🛑 NIFTY forming Higher highs in 4 Hour time frame , whereas RSI indicator showing divergence ,
By forming Lower lows
◽ Possible trend reversal may occur
◽Nifty as to close above 18000 otherwise , market will be weaker
◽Crude oil testing 3Y highs
◽Bond prices were increasing
◽ Inflation is an another concern
◽ Now everyone eyes and Everything depends on RBI event , RBI will likely to announce the Repo n Reverse Repo rate tomorrow morning
If you like it do follow for more ,
Have a good day 😊
NIFTY NEXT WEEKNIFTY correction is not simillar to S&P500 correction pattern.(ZIGZAG)
Here wave''B'' extended beyond start of wave''A'' which can turn into IRREGULAR or EXPANDED FLAT correction.
This is confirmed on friday's price action( Y>1.618 *W).
Expect a flat ''X'' wave for three days upto 17628 and take a short position on 6th OCT 21, to profit on short side when wave''Z'' unfolds .
NIFTY 50 analysis for Tuesday ❗Hii Traders 😊 ,
Welcome to NIFTY 50 Futures and options analysis for intraday trading ......................
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17760-17790
◽ If market breakout resistance zone then we can see Target of 17880 as first target (if we see the Option chain data here 17800 CE holds more short position and next strike is 18000CE)
◽ Stop loss for this level is 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17530-17500
◽ If breakdown happens we can see the 1st Target of 17400
◽ stop loss ie .17580
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance
◽ Don't short the market until below the 17500
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17760-17790
◽ support zone to buy PUT / PE is at 17530-17500
◽ Nifty will be weaker on intraday basis below the 17500
Thanks for reading,
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
NIFTY 50 Levels for 29th Wednesday ❗❗Hii Traders 😊
Welcome to NIFTY 50 levels for intraday trading
🛑 Nifty shown weakness in today's market
🛑 If see day frame chart we can observe one single Red candel which is covered almost last 3 day' trading session
🛑Which means sellers were aggressive in the market but buyers were to try to pull back things
🛑It taken the support at 17600 I'm repeatedly saying that it will be good support zone it taken support and try to pull back the things
🛑If we see the Day volatility it is about 0.94% which higher for index
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17940-17970 where at this point nifty tried to breakout this level
◽ If market breakout resistance zone then we can see Target of 18100
◽ Stop loss for this level is 17870 here the pivot point control region
◽markett will shown some weakness if it traded below 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17600-17560
◽ If breakdown happens we can see the 1a
st Target of 17430
◽2nd target will be 17320
◽ stop loss ie .17660
If market traded below this level I'm sure market will be weak on intraday basis
◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days
🛑Stay light on your quantity
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout the resistance 17920-17950
◽ If nifty traded above 18100
◽If market traded above 18000 then shorter's will run for covering
◽ Don't short the market until below the 17700-17600 levels
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17940-17970
◽ support zone to buy PUT / PE is at 17600-17560
◽ Nifty will be weaker on intraday basis below the 17700
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊