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Nifty Update (31st August 2021)Nifty Update (31st August 2021) ================================ Nifty rose 225.85 points or 1.35 percent to its record closing of 16,931.05. It touched an all-time intra-day high of 16,951.50 in the previous trading session on 30, August 2021 For Today According to IND50 data, we are likely to see a flat to a negative opening in the Indian Indices. Our ABCD harmonic pattern got activated and has achieved all its targets in the previous trading session and has also given a dot correction from the Harmonic PRZ. 16,950 is a major resistance, until and unless this level is not broken the Index will not be making a new high. We will be considering the pullback as a buying opportunity as 16,790-16,730 is the demand zone. There’s a high probability: That Index may form a wider range today. We’ll be trading according to our range strategy but with a minor tweak by marking the range of 45 minutes instead of 30 minutes today and wait for it to break on either side. We will be giving more preference to Options Selling today and buying will only be considered from resistance and support zones. Trade Accordingly!
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by CodeViser
Nifty Intraday Trade Setup for 24th August 2021A recovery from day low 16,495.45 was seen in the previous trading session and today we are going to see a positive opening in the Indian markets as INDIA50 USD & SGXNIFTY is currently trading at 16,590, around 40-50 points flat to positive opening can be seen today. Bullishness can still be seen if we consider the data of INDIA50USD & SGXNIFTY momentum will continue if the Nifty 50 Index trades above 16,540 As our Harmonic Patterns will get activated and the targets on the upside will be 16,590, 16,660, and the price can also touch 16,700 levels in the upcoming weeks. 16,590 is an important level for the day price has to sustain above it at-least for 30 minutes for the bullish momentum to continue. Downfall momentum is only possible below 16,470 below that we can see the fall till 16,400 Total range for the day is of 250 points, Trade accordingly.
NSE:NIFTY
by CodeViser
1
Nifty Prediction & Analysis [12 Aug 2021]Nifty50 Prediction and Analysis For Tomorrow Nifty50 Spot Levels to watch out for trading on 12th Aug 2021 Long Opportunity: 1. Price breaks out of 16295 and retests the level again is a good support to go long Short Opportunity: 1. If Nifty Opens with a flat note then wait for the upward trendline to break near 16280 and show rejection. Once broken and the candlestick shows rejection near 16280 levels, then that area will be a good shorting zone. Visit utube for video explanation
NSE:NIFTY
by AkmeAnalytics
Nifty Spot.... Martching to new ATH ....??Nifty structure overall not sustaining above 15964 levels. Rather 15888 - 15930 levels are acting as a severe offloading zones. FIi are nett sellers in July so far... US Markets are @ ATH over all global cues / Sentiments are positive as off now... But at higher levels we should be cautious Stay properly hedged. Levels defined... Strategy : Buy on dips near bullish level defined. For July Month Important levels see attached study below. Like... Share.. Follow...
NSE:NIFTYLong
by emraldconsul
Nifty 50 Intraday Trade Setup for 26th July 2021Good morning Traders, The IN50USD is trading on a crucial level. The index is making a range and also a demand zone at 15,750 to 15,830 level. Here we have two buying ideas First is from 15,740-15,750 levels, Second is above 15,830. Stoploss or risk is less here and target on the upside is 15,992 (first) & 16,023 (second). If I calculate the risk to reward ratio, it's pretty much good here. You must be careful and keep an eye on the 15,700 levels, In case it breaks the support then the demand zone will be invalid and we may see a correction 15,600-15,550 levels. First things first, I'll update the fresh chart once the SGX Nifty & IN50USD Index is open & post a fresh view after I get some fresh Intraday data. Good Luck Virendra Pandey
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by CodeViser
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Nifty Intraday for 29th June and view for Next weekHello Everyone, Hope you guys have done well in the monthly expiry and made enough bread now let's talk about today intraday and for the Next week as well. you have seen that how Harmonic patterns work and can count every and each swing. You Just need to understand the momentum and the Market structure. Nifty is Trading on their resistance as per Harmonic ABCD pattern and a correction is Possible from 15,400-15,440 but a trend line is holding the trend so do not rush to open a short Position and its also against the mid and long term trend so I would not suggest to short until 15,270 breaks. We are getting 180 Point range for today and for next week as well. Good Luck
NSE:NIFTY
by CodeViser
5
Nifty 50 Intraday Trade Setup for 26th May 2021Good morning Traders, The index is trading on a crucial and narrow range, You must be careful today because today is the last day before the Monthly Expiry. High Probability is Writers Play their game and manage the premiums in today's trading session. The problem is we are getting a very big Range in the Intraday 15,100 to 15,300 which is quite big for Intraday. Try to Understand the Range 200 Points Index has space to move 200 points Intraday before the breakout or Breakdown which is a sign for a volatile market so Be careful and trade according to the level. Good Luck Virendra Pandey
NSE:NIFTY
by CodeViser
4