On December 12, 2024 the Nifty view is BullishUnlike price-level forecasts, time-based analysis allows us to anticipate market trends well in advance. Based on my analysis, I have a bullish outlook on the Nifty for December 12, 2024. Regardless of where the Nifty's price lands, the intraday trend on that date is expected to be bullish.
Please note that this is purely my perspective and not a recommendation to buy or sell. Use this information for educational purposes only, and always trade with a stop-loss in place.
Niftyreversal
NIFTY Shall be shortedAs mentioned earlier and using depth PA or Price Action, Each swing lows with bigggg WICKS tend to retest time and again and it is prooven, Rest idk if what you say is profit booking after a big green day haha. Nifty gets shorted till 16600 and trade short at pullback whoch is 16950 for good traders, risky traders can get a flow til 16660
NIFTY RISING WEDGE PATTERNHello
Welcome to this analysis about NIFTY , we are looking at daily timeframe perspectives. NIFTY in recent times heavily increased with Bullishness however it now moved into an overbought condition. NIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how NIFTY has emerged with this key NIFTY RISING WEDGE PATTERN marked in my chart with the black boundaries. NIFTY is near support region which is an important support and also psychological resistance-mark together with the upper-boundary of the RISING WEDGE PATTERN a pullback
In this manner, thank you for watching my update-analysis about NIFTY and its major RISING WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
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Nifty 50 Intraday Trade Setup for 9th June 2020Good Morning sir's
I hope you guys have made good money in Yesterday's trading session. Our 15-minute candle high low trade setup was work well. The index has given a good move on the breakdown of 15 Minute candle low. Most of the traders suddenly bearish and saying that the index will fall more but as per my analysis yesterday was just a profit booking day and Index still has 300-400 Points room in Upside. Let's see what the key Factor for today Trading session.
Key Factors
====================
1-Word Bank says " In India, growth is estimated to have slowed to 4.2 percent in the fiscal year 2019/20 (the year ending in March-2020) and output is projected to contract by 3.2 percent in fiscal year 2020/21
2-Crisil Thinks It’s Likely Indian banks’ loan growth will slow to nil to 1% in the year started April 1, according to the Indian unit of S&P Global Ratings.
That’s lower than 6.1% in the previous fiscal year, which was already a multi-decade low.
Corporate borrowings, which account for half of the total credit, will be worst hit, and loans to individuals will decelerate to “low single digits” from “mid-teens” in the past few years, Crisil Ltd. said in a report.
“This crisis is unprecedented and so will its economic fallout be,” said Crisil’s Senior Director Krishnan Sitaraman.
3- COVID-19 cases continue to rise and the market seems to be ignoring this
4-SGX nifty Trading on 10,1999 which is 36 Point up from the previous closing. Accept a small gap up Opening.
5-the Dow Jones Industrial Average was up 254.55 points
6-The Nasdaq composite rose to a new record high on Monday and looks on track to confirm that it has been in a bull market for two and a half months according to many definitions, after Wall Street's nosedive on worries about coronavirus.
Technical View
===================
Resistance: The Index is Trading in a channel since march and this channel works beautifully to define dynamic support and resistance in a short time frame. Channel resistance is on 10,500 which follows from harmonic XABCD pattern(10,420). Yesterday we have seen a profit booking and most of the trader has changed their view but I am still bullish until the index goes tho their strongest supply zone ( 10420 to 10600).
Support: Index Key support is still on 9,600 to 9,700
Option Chain data
===================
Maximum call OI of 16.85 lakh contracts was seen at 10,500 strikes price, which will act as crucial resistance in the June series.
Maximum put OI of 23.4 lakh contracts was seen at 9,900 strikes price, which will act as crucial support in the June series.
Trade setup:
====================
Build Long Position if Index sustain above the 10,300 Level SL : 10,215 Target: Open
The short position can build lower than 10,140 SL: 10,190 Target: Open
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty- Is Bull Run Over?Nifty is In Downtrend Channel which is formed in Dec 2017.Now Nifty Has broke uptrend channel formed in March 2018. Nifty hAs strong Support at 10466 which is 200 EMA and also 50% Retracement at 10450. So buying can be Seen Near 10450.So This Week I will Wait for this level to Buy and to Short I will wait for 10674-10700. If Nifty Dont Sustain and Break 10450 then 10250 Can Be Seen.
Nifty Weekly ViewNifty has Been sustained above 10530 since last 4 trading sessions which shows bulls are trying to be in. Since last two trading sessions dojis are formed which technically tells us that traders are confused.Close and sustain above 10580 will take nifty to 10680-10700, But sustain and close below 10580 will lead to 10480 which can be again good buy opportunity this week.
Descending Wedge. Long term trend line break.Hi all,
After a long term trend-line break in Nifty and 20-50 MA crossover in Nifty, Nifty is now respecting the short term downward trend-line. Lack of any trigger in near term can magnet nifty down to its 200 ma which is around 8200, although, I am expecting it to retrace all the way back to its 50% Fibonacci level which is around 7920.
However, this set up will no longer be valid if nifty closes above 8800 for two consecutive days. So with short to medium term perspective any one can short nifty below 8630 (break below cloud) with 8800 SL and lucrative risk reward ratio of 1: 5 (150 point stop 700 point target).
Please consider stop loss and target on closing basis only.
Thanks.
Possibilities!Diametric pattern at the end of the larger degree E-wave.
Diametric patterns usually aren't fully confirmed until a decisive change in trend.
Here, there are two possibilities.
1.) The larger degree fall has begun.
2.) The fall is just part of the f-wave and the g-wave is yet to complete.
Complex e-wave (Nifty getting worse)e-wave of the Expanding Triangle is forming a complex correction.
z-wave of the complex correction is in progress.
z-wave has just begun with its internal a-wave. It is now crucial to see what pattern it forms.
The c-wave drawn at end may or may not form a diagonal. This is just a possibility.
There are many other possibilities for z-pattern.. But this possibility of z-wave looks more probable to me. Lets see.
NIFTY July FUT - Elliott Wave Analysis
Greetings traders & readers,
This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups.
To learn more about the Premium trade setup (PTS). click the link below,
www.mytradingcourses.com
Now lets deal with the analysis in weekly time frame and just understand what is happening over there.
We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently.
The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time).
Continued in our website and the same is free,
www.mytradingcourses.com
Feel free to ask for any clarifications through chat / comments in our website ( for instant response) and / or through our trading view Profile.
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Thanks for reading the article
Regards,
Dinesh. R
Senior Technical analyst,
LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NIFTY JUN FUTURES - Elliott Perspective
Greetings Traders & readers,
ONE Happy news for all, from this month we are about to release FREE insights on NIFTY FUTURES for current contract, in the beginning of every month - starting today...!
As you can see from the chart we are about to discuss the analysis on NIFTY in weekly time frames
but before that lets also take as deep look at the monthly charts over here,
From which one can observe four consecutive months of Rally lifting it from the depressions of 2015
But the entire move as we have discussed is purely corrective in its existence.
Don't you think that the market is up for a correction now and lets have a clear insight about what's happening :
The Wave 1 as it is earlier described in previous Posts have been developing into an Leading diagonal and this consists of corrective waves replacing impulse waves in their respective places, here it is triple threes in weekly time frames as you can see from the weekly chart,
However we have something to be discussed in detail without which the analysis is incomplete and that is to dig deeper in daily charts and we have carried the same in our website with a Video explanation - A freebie, do check it out here,
www.mytradingcourses.com
( few Questions of users are also being answered in the video on Previous analysis)
Our humble request to all visiting our website/ trading view profile,
Please support Us - we are not charging for this analysis and we want to keep it that way, so lend us your hand as support...! share this post if you can, spread the word - a word from mouth is really helpful and like us in FB & Follow us in trading view
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Thank you for reading the article
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Dinesh - senior technical analyst
LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm
Nifty - Sum of all factors - An Elliott Perspective
Sorry for the discontinuity as we were engaged in some other obsessions
Now to the Analysis,
You never understand a movie by missing a half of it , so don't miss it
THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here,
After that do revisit this ANALYSIS,
Each & every trader will definitely find this analysis compelling to read & understand
The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as Elliott has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Leading diagonal Triangle.
Trade Accordingly at each levels of individual waves & at this point....
Thanks for your time
Dinesh -Senior Technical analyst
LeadBrains FSL - www.mytradingcourses.com - Trading education & Training firm