NIFTY : Levels for 14th MarNIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Niftyintradaylevels
#banknifty look good on both side $BANKNIFTY1! global data seen negative
but we need to prepare on both side movement
we need to see global market closing at the morning
1) if positive we short Banknifty or buy PE at 42000 nearby level
2) and below level we taking PE by trialling stop loss
3) if sustain above trend line we buy for the target at upside
NIFTY : Support zoneNIFTY is near support zone. now 17300 is very much important for Bull to support. it may be less chances but lets see everything is depend of battle fight between bull & bear.
Follow Price action purely and decide your entry.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
Nifty : Target done Nifty view shared before few days when it was trading near support. now its touch its target.
Now it can open positive & close negative on Monday or we can again see one swing in Nifty and then it is possible to give good move positive move in Nifty.
Tuesday is holiday. possible, it will take swing by Thursday.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
Nifty moves for today & in upcoming days .SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range.
Critical Resistance:
17,545. This is the previous swing high and can change the hourly structure and make a " W" Pattern which is a sign of retracement from the previous trend. Three Patterns will be activated on the breakout of this level.
Critical support
17,200 to 17,250 the whole is a crucial demand zone, and breaking this level can start a new bloodbath
Keep an eye and Trade Accordingly.
Nifty ViewNSE:NIFTY Has a bearish structure at Weekly Time Frame .
Some sort of head and shoulder pattern, price trading below 30 MA. Very close to neckline, but formed a pin bar
Daily Time Frame
NSE:NIFTY On daily time frame is at multiple support levels
Trading right at 200 MA. At golden fib zone etc and most importantly at previous consolidation region from a where a rally had happened.
Hourly Time Frame
Stick to day trading for the moment until a higher high is form at hourly TF. For which price has to cross 17600.
NIFTY : Gap filled NIFTY gap filled and now trying to reverse from support. Yesterday low is very important for Nifty on Closing basis.
lets see currently, I can see good R:R level in positive side with small SL.
This is my personal view & i can be 100% wrong.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L" with small SL
Pin Point Prediction Of Nifty For 23-2-23Hello Traders,
This fall of today was predicted yesterday . To make your trading easy Every day I predict trend and behaviors' of market in form of marking and predictions so that you trading can be easy. For more detail for tomorrow trading can be seen below.
NIfty 50 Moves Identification for the Intraday of 21st February Nifty 50 Moves Identification for the Intraday of 21st February
I have marked two Important levels for today's trade setup.
First: Based on the Pull back, the Key resistance for the Intraday (17,920)
Second: Based on yesterday's swing low. Breaking this level is a sign the trend will continue (17,780)
Both levels are sell levels, either on pullback or continuation. The long can be considered above 17,950
Nifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long TermNifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long Term
Nifty closed at 17944 ( Prev close 17856)
Neutral Strategy was given for Last two weeks and buy on dip for Medium Term & Long Term Investors for the past few weeks and to continue the same.
Nifty touched a low of 17721 last week.
Market may further move sidewards for few more weeks for decisive movement either upwards or downwards.
RSI and MACD are in positive zone but Stochastic is near to over bought zone.
Nifty short term
Nifty will be in range bound from 17700 to 18268 in short term and
Nifty support at 17819(0.5 fib old) /17785(feb22 high) /17716. The support for the last weeks is from a inclined red color trend line shown in the chart apart from the previous high and Fibonnacci Supports mentioned above.
Nifty Resistance will be at 17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) /18355(Jan22 High).
Nifty will be range bound in medium term from 17300 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines.
Medium term target
Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term.
support at 17566/17435(dark red color horizontal line) /17355(new low) /17314 MA200.
Long term
Target 19500/20500 still in intact.
In case if it falls below 17300, then next support is at 16800, which will act as major long term support.
Powerful Bears?Nifty resistance 17800 according to fibonacti tool for the supports come up at 17670 and 17600
• India's CPI Inflation Data "India's retail inflation britches RBI tolerance limit in January accelerates to 6.52%"
• Tomorrow's market might be a bearish market again or kind of sideways because of today's adani's report published by bloomber it says Adani group might cut its revenue up to 50% and limit its capital expenditure and focus more on companies financial health (repairing the debt and unpledging the pledged shares)
• Important countries and regions such as US UK and European countries are yet to come with the inflation datas
• Currently the market is completely driven by the news and specially by the Adani stocks as a d uninstalls affects the banking sector and financial services which affects the nifty as it has more contribution in the index
NiftyFutures Key Trading Levels for 14th Feb 2023NiftyFutures Key Trading Levels for 14th Feb 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.