Nifty Prediction for Tomorrow: Levels for 23 August, 2024 Sideways today! But, all CE buying side targets have been met and a small position of the CE monthly trade is still open with open target. Trailing Stoploss : 24,687 Resistance: NONE, all CE side targets met If the price crosses and closes below the Risological Trendline, I will be looking at buying PE...
Total 2 trades were taken today. 1st trade was based on Gapup/down strategy with R:R of 1. Although the outcome wasn't in the trade's favor, so closed along with the second trade. 2nd trade was on Podcast levels, the OI data was negative and there was huge Call writer on 28500 CE side, so took the trade with R:R of 1. Closed the trade with profit of only 3...
Nifty hits all targets beautifully. Entry on 16 August 2024 at price 24,322 Closed 50% position today and holding the remaining 50% position Trailing stoploss at 24,560 as per the Risological swing trading indicator Cheers!
🔔 Nifty Update for Today: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 24700 Key Level: 24700 Potential Upside Target: 24850 Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session. 📉...
Gap generated due to gap down opening of 5th August is finally filled today. It is not necessary that all gaps either on the way up or on the way down are filled every time. As there are different type of gaps and different timings of gaps / intervals etc there are many factors which create loop holes in the gap theory. We will discuss that some other time. Gap...
🔔 Nifty Update for Today's Session: 📈 Gap-Up Opening Expected: Opening Level: Near 24550 Key Level: 24550 Potential Upside Target: 24850+ In today’s session, Nifty is expected to open with a gap up near the 24550 level. If Nifty can sustain above this level after opening, we could see an upward movement, potentially reaching 24850 or higher. 📉 Watch...
As the last week ended and we have seen following patterns in our three indices In nifty 50 we have seen a bullish Text candle on daily charts And we have seen same in all three indices, that is, bank nifty and financial nifty Now, if we look at the weekly closing we have seen Pin Top pattern in candlesticks which denotes bullish movement So let us see what...
#Nifty 50 index concluded the week on a positive note, climbing 174 points to settle at 24,541. The index danced within the anticipated 25,150-23,800 range, as predicted in the previous analysis. For the upcoming week, a similar trajectory is expected, confined between 25,200 and 23,900 . A breakout from either end could ignite significant volatility. The...
Current Situation: NIFTY is trading in a tight range. Breakout Potential: Awaiting a breakout in either direction. Market Watch: Key levels to watch closely for the next move.
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...
Nifty Opening Outlook: Opening: Expected to be flat near the 24,400 level. Upside Potential: If Nifty starts trading and sustains above 24,400, an upside rally up to 24,600 is anticipated. Downside Potential: If Nifty starts trading below 24,300, a downside movement is possible.
Nifty closed near Resistance Zone, Wait for breakout or retest for long entry, Bullish > 24470 Bearish< 24325 All important Zones Marked on zone for entry.
This chart of the Nifty 50 Index on a 15 minute timeframe includes a Rising Wedge pattern and highlights several key levels and potential price movements. Here's the analysis: Key Levels: Immediate Resistance Levels: 24,516: A potential breakout point above which the index might move higher. 24,837: Another significant resistance level to watch if the price...
The Nifty index concluded the week at 24,367, shedding 350 points from the previous close. The index touched a high of 24,419 and a low of 23,893. A global market downturn, ignited by the unwinding of yen-funded positions, sent shockwaves through financial markets worldwide. Looking ahead, the Nifty is projected to oscillate between 25,150-23,800. A breach below...
Mother line yet again comes to rescue of Nifty after the zone between 24340 and 24382 stops the growth of Nifty yet again. Once this zone is crossed only then Bulls can breath easily. Trend line resistance has also come into effect with absolutely no room for Nifty to go. So there should be a breakout in Nifty in either direction tomorrow. Shadows of the candles...
In today's session, Nifty will open gap down near 24200 level. After opening expected breakdown of 24200 level if nifty gives breakdown of this level then possible strong downside upto 24000 level. Any upside rally only expected above 24350 level.
Good bounce back by Nifty after Mother Line confirms support. But we are still not out of the woods as there is a resistance zone near high of the today that is 24337 and 24382. (This is the resistance created by the gap down opening on 5th August. The starting and ending point of Such massive gaps always acts as a resistance zone while going up. The best way to...
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...