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Niftyshort

NIFTY50 - When Will The Pullback Start?!Good evening Traders, Since my last update on NIFTY it managed to break the resistance level which I mentioned here. But now after breaking the important level, I am expecting more upside. But first NIFTY needs a correction lower. My view is that if NIFTY can break the rising trendline lower, it can retest the resistance area now acting as new support at around 10612.57 areas. This will my preferred view. However, there is another possibility. It extends now higher making a marginal new high and starts then a bigger correction lower. Let's see which one plays out. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
NSE:NIFTY
by TradeFxTrends
Nifty- What is Happening?- weekly reviewWe have seen profit booking is the last two trading session which was expected. I am still bullish on Nifty and my strategy will be buy on dips still it doesn't cross the H4 Trend line and daily support of 10428.Thanks to Mr. Trump and Syrian controversy that nifty will open gap down on Monday. I will recommend buy on dips. Recommendation- buy Only near 10425 with the stoploss 10380 For Target 10550 Below 10380 Nifty Will be very week.
NSE:NIFTY
by NileshChavan
Possible Triangle in Nifty (Elliott Wave Analysis)After the decline from 10000 + level it seems that we had a 5 legged down movement which seems to be followed by a Triangle, since triangles can not appear in Wave 2 positions hence the most likely possibility is that Nifty will see another leg down from here on as a Wave C down once the level of 9784 is broken which is also the low of Wave D in the Triangle Wave B (Circled). If things proceed as expected then we can expect Wave C to reach targets : T1 : 9632 T2 : 9460 In the upcoming sessions. I would also like to point out here that triangles can become more complex then expected and hence it might be possible that this structure might still be progressing, hence strict Stop Losses must be used and a less aggressive trading approach would be more suitable in this situation. I will update further as this market progresses
NSE:NIFTY
by NeeravYadav
3
Nifty is this a flat correction (Elliott Wave Analysis)Since the past few sessions NIfty has not given any clear sign of the market direction. My bias is that it should give a good correction before giving the next leg up and hence in the above count I have taken the movement from 9215 as an Expanded Flat correction. The other probability is that the Wave B is still not complete and is progressing as some kind of complex formation, which still remains to be seen, however even in that case a correction will be due. The most probable downside targets are : T1 : 9075 T2 : 8955 The invalidation point will be above the last peak. I will update as the market progresses.
NSE:NIFTYShort
by NeeravYadav
NIFTY COMPLETE WEEKLY & DAILY ANALYSISGreetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, Following our daily update, we mentioned that the NIFTY 0.18% could turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance. Now NIFTY 0.18% has been stumbling in the 61.8 Zones. For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis! For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety) For understanding the risk (SL) & (TP), please refer to the link in the signature section below (it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it). Fell free to reach us to share your thoughts/comments! Happy Trading
NSE:NIFTYShort
by DineshKrishna
Will NIFTY test 7800 levels again?Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below! NIFTY MONTHLY ANALYSIS: The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders). The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding. The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees). This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis! To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video! Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups.
NSE:NIFTYShort
by DineshKrishna
5