NIFTY GOING UP to 19000 BUCKLE UP FOR THE RIDE!!!
Price has started making Higher Highs which denotes an Uptrend, currently Price is giving a correction in the downward direction which again sigifies the Impulse Wave is in Uptrend and hence Uptrend is confirm.
Price has this Fresh Demand formed in The Daily chart which synchronises with the Weekly Demand as well, hence this is a Trade Zone in Daily with a minumum Risk 1 against the Reward of 13 makes this a favourable Reward to Risk ratio Trade,
The Target is derived as per the Fibonacci Extension considering the Wave 3 @ 1.618 Level which is Price 18948.15.
Cheers !!! Enjoy the Ride!!!
Niftytarget
NIFTY 600 plus points FALL
Price was in Uptrend since 13 June 2022, Price has closed outside the Trendline also we have Weekly Demands violated and now we hava a Fresh Supply formed, Price should respect this supply and come to its first Support @ 17428.80, then it can either turn and shoot or continue till the Demand in the Bottom @ 16275.50.
NIFTY 17400 PE would be the Trade of the week.
Enjoy Money Making!!!!
NIFTY 50 for tomorrow - 11 November 2022Nifty opened with a gap on the downside @ 18044 vs the previous close @ 18157.
Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did.
Now tomorrow's opening can mostly gap up or gap down.
Immediate resistance @18056- 18035
Support @ 17950-17850 (Positional support Breaking this level, the index could slip further and faster.)
I will Buy only above 18060
I will Sell around 18056- 18035, on observing weak candles with strict Sl
Volatility will remain High.
NIFTY 50 for tomorrow -04 November 2022Nifty Opens Gap down
Took support around 17950 levels.
Closed near Day's high
What's for tomorrow
The range for tomorrow: is 17950 - 18180
Immediate support 17950- 17940, likely hold the price for a while.
Immediate Resistance 18050 - 18070
Above 18100, it could move towards yesterday's high i.e 18160-18180
NIFTY FOR TOMMOROW - 8 June 2022Nifty opens slightly gap @ 16474 vs yesterday's close at 16416.
Nifty saw a sell-off initially in the first hour, though took support at the levels .
Nifty bounced sharply from the support levels ( 16340)
Nifty then took resistance at day's high, saw a selloff from there, and closed near day's low.
The nifty structure still looks weak and the sell-off can extend further if it breaks 16340 decisively.
Nifty Support and resistance for tomorrow
Support at 16000-15800
Resistance at 16476- 16480
NIFTY FOR TOMMOROW - 10 MARCH 2021Nifty did take support at the levels I have identified well in advance and bounced well from it.
Now the question is, is this bounce/rally going to sustain, well we don't have an answer for that as yet, there are many stocks that have broken their important support and on the other hand, there are some stocks [ IT, Power, Pharma} which started showing strength.
Hence considering these factors we might see moves on both sides of the market.
It can trade in a wide range and can stay volatile amid Russia's ukraine uncertainty.
Now 15800-15600 is going to act as good support, though if it breaks, we could see a massive fall in the index, that can extend to 14450- 14350 levels.
Strong Resistance levels are the same: 16800-17000, as mentioned in the previous post.
Immediate resistance for tomorrow for intraday traders is around 16360-16400.
NIFTY FOR TOMMOROW -15 FEB 2022The index open with the gap down and saw a follow-up sell-off as well.
It formed a Big Bear Candle, which closed near its low.
Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels.
Hence it's a sell on rally market, any bounce if comes, would be an opportunity to open fresh short trades.
There is also Harmonic Patterns Probability on the charts
1. ABCD Pattern prz zone: 16150
2. Butterfly Pattern prz zone: 16300-16240
Disclaimer: Purely Education, not a recommendation to trade.
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.
Nifty With A Big Breakout /Sorry For The Noise So finally We are ready to get a big Breakout in our upcoming Trading session .
But Yes Not tommorow
May be in this week or be in next Week
Nifty is Likely to make an inverted Head And Shoulder Pattern In an hourly Chart
Sorry For my last tweet about Blindly buying the Index
I would Prefer to buy Nifty Future @ 15605 Sl 15550 Tp 15900-16150
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