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Niftyreversal

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!
NSE:NIFTYShort
by shanechart
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NSE:NIFTY
by netar47
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
NSE:NIFTY
by CodeViser
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.
NSE:NIFTYShort
by Niftyadviser
3
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. If you feel that the analysis is worthy, please follow us on trading view to keep yourself updated with us & the markets. we need your support. Thanks for reading the article Regards, Dinesh. R Senior Technical analyst, LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NSE:NIFTYShort
by DineshKrishna
3
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 Thanks in advance...! Thank you for reading the article Regards, Dinesh - senior technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm
NSE:NIFTYShort
by DineshKrishna
6
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
NSE:NIFTYShort
by DineshKrishna
14