Nifty daily analysisIf market breaks 18280 then chances of nifty consolidating between 18400-18100 in this month becomes much greater.
So you could trade for small targets in between
Niftyintradaylevels
NIFTY-- 18500 or 18000 ??Observations::
Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish,
we have one more supply zone below @18260 if this pushes the price up again bullish ??
After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels.
consolidation + down move= up side
Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish.
------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels.
-------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels.
18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels.
-------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full
2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it
3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by
taking support of 18320.
4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout
5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
NIFTY SHORT for 348 points
Price has formed a Daily Supply which is The Source of the DownTrend and There is a Weekly and Monthly Demand formed for which Price will surely retrace, after reacting to the Daily Supply Price formed a 2H Supply which is coincided with the 4H supply and This is a Trade Zone for Shorting Nifty
ENJOY THE RIDE ! ! !
Nifty trade plan for 22-05-2023Price filled the gap and started bullish price action on Friday
Positional to intraday set up with support and resistance is marked on chart to trade for Monday
The structure again looks like buy on dip set up until high printed on 15 may is touched again
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NIFTY--Supply acts as Demand@18260??Observations::
--------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels.
---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level.
If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed.
Supply Acts as Demand@18260 level.
keep track this levels.
Key level of support: 18060 and 17960 levels.
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Nifty Levels 19 MayLet the market come to these levels and observe it it is forming any range. Take trade as per your risk.
Nifty : 19.5.23 - low risk trade1HR chart :
- Fib 61.8 retest
- W pattern, price at base
- Bollinger band outside-inside
- RSI divergence
Sell volume lower than yesterday
Resistance : 18300
Support : 18150
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly.
-------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed.
--------->> now price wants to test which level,18260 level where a strong gap down occurs previously.
---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones.
Key level of support: 18060 and 17960 levels.
Note:: Expiry will close in the range 18160-18340 Range.
Keep track these levels.
Nifty level for 18 mayNifty lower level is 18000 and upper level 18400.
Until Nifty break 18000 in lower side the trend will be positive.
NIFTY--Head and Shoulders Pattern ??Observations::
Left shoulder @18340
Head @ 18400
Right Shoulder @18340
and Neckline is observed at 18200,if price breaks neckline we will observe a strong fall towards 18120,18060 levels.
---------->> we have gap left @ 18060 level, price may goes up again from here. this level will push the price upwards again.
---------->> Be careful at 17960 and 18060 levels.
What can happen next for Nifty?If you see the chart of Nifty, you will realize that The reason why Nifty rejects from 18350 is that it is now away from the daily trend line, so once again Nifty takes the support of the daily trend line and goes up.
Nifty Price Forecast for May and JuneNifty Price Forecast for May and June, July.
Note: Only if Nifty price does not hold above 18350 to confirm this prediction.
NIFTY-Trendline-Retest-Gap Down ??Observations::
GAP DOWN opens
---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels.
---------->> Previous supply zone @18200 level resist the price to go down.
If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels.
if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 18060 levels.
12/05/2023 NIFTY SUPPORT AND RESISTANCE ZONEAfter 2 weeks nifty now trade under the range zone . right time to enter for short
NIFTY--Breakdown happens ??Observations::
---------->>Price opened gap up and observed a strong fall + consolidation.
---------->> Previous supply zone (gap down) range @18260 level resist the price to go down .
If tomorrow price breaks this level, we will observe a strong fall towards 18200,18120 levels.
if price again breaks 18180 levels, 18120 level acts as a pullback to 18180 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 17960 levels.
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Nifty 50 Index Next MovePair : Nifty 50 Index
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement
Divergence - RSI
Break of Structure
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
SMC - CHOCH
Fibonacci Level - 78.60%
Nifty support level for 10 MayNifty yesterday sentiment is downward, Nifty may test the level of 18150 tomorrow.
As Dow Jones future showing negative right now, let's see what will happen in today's session in Dow Jones.
Overall sentiment of nifty is positive, so we try to buy on dips.
Nifty Analysis - March 9Nifty has formed double top.
We need to wait for the breakout.
Once it crosses 17650, breakdown is confirmed, Target will be 17300.
Note: This is for educational purpose.
