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Niftytomorrow

Nifty Trade Setup (26-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. As i was busy with some work i didn't posted my trade setup for 25-May-2023 and also didn't traded on 24-May-2023 although it was good session too. watched chart for few minutes today and closed terminal because of work today. Today on expiry day there were opportunities also if someone trade with patience. I didn't took trade today because i didn't planned anything and this was my bad habit before that i always trade if market in moving from support or resistance i took trade with out any setup or patience so that i don't miss any profits as you may know this (FOMO). Which was my reason for more losses than profits. I will post on what i am doing to improve it in separate post. This is going to be my setup for tomorrow: Today market opened flat and there was selloff from 18265 to 18200 almost 65 points down. but in last 1 and half hour it took support at (18200) and then rise like rocket making almost all green candles without any pullbacks on 5 min TF gaining almost 100 points from day's low. Price is forming triangle and closed near trendline resistance. Setup for Tomorrow: 1.) If it opens flat and sustains this trendline resistance on 15 TF then i will look to buy CE for target of 18363, 18371 and 18380. 2.) If it opens gap up i will look for rejections from same targets or near by CPR and will buy PE trade for near by support levels which is 18300 as 1st support or CPR whichever will be closer. 3.) If it opens gap down 1st support is placed at 18300 level if it takes support at this level and holds for 15 to 30 minutes. I will look for buying CE. Views are bullish so will trade cautiously if i am trading in opposite direction. As from Volume there was lot of buying buying when price was moving above today as compared to while it was selling off. Hit like to keep me motivated for keeping my trading journal also if you can help as Trading View is holding rewards if Ideas or Script can be listed in Editor Picks :) . also one can comment how i can make it better or any improvements i can make in my trading setups or improving this journal.
NSE:NIFTYLong
by TradeInsights
NIFTY--18700 Or 18200Observations:: NSE:NIFTY ----->> if we see monthly candle it is a strong bearish candle, ------>> If we see weekly analysis , price enters into a zone where previous strong rejection area. we are still in that area , High of that area is 18700.so we will buy up to 18700 area. ------>> If we go for daily analysis , price enters in that area and showing downward pressure, price created a support in the zone @18060 level, while entering in to the resistance area. so that level acts as support and price moved to the resistance zone again with strong bullish candle, and breaks the previous resistance @18460 level. ---------------------------------------------------------------------------------------- Now we can see the clear picture, Case1:: If Yesterday strong bullishness is a manipulation and fake breakout above 18460 level, we are going to sell below 18400 where previous strong resistance, for the target's of 18360-18320,18260,18200 only. while breaking the resistance @ 18460 price created a support @18200 level which is a new support. case 2:: If this is a strong breakout, we have a next resistance @18700 level, we will continue to move in the same direction, but a retracement is needed to go long, after breaking the resistance @18460 levels no proper retracement is not seen. if retracement is done to these levels, 18460-18400 levels and will go for buying above 18460 for targets of 18500,18570-18610 and 18700 levels. @18570-18610 level previously bullishness and bearishness is observed @ same zone. So clearly this week price is ranging above 18200-18700, in the middile we have resistance @18460 zone, if this zone acts as support we go for buying up to 18700 levels, if again acts as resistance will go for selling up to 18200 levels.
NSE:NIFTY
by IIT-Trader
NIFTY-Trendline-Retest-Gap Down ??Observations:: GAP DOWN opens ---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels. ---------->> Previous supply zone @18200 level resist the price to go down. If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels. if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 level, at this level previously strong sell off is observed, here (18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels. ---------->> we have an untested demand zone @17960 will push the price upwards again. ---------->> Be careful at (18200-18120) and 18060 levels.
NSE:NIFTY
by IIT-Trader
NIFTY--Breakdown happens ??Observations:: ---------->>Price opened gap up and observed a strong fall + consolidation. ---------->> Previous supply zone (gap down) range @18260 level resist the price to go down . If tomorrow price breaks this level, we will observe a strong fall towards 18200,18120 levels. if price again breaks 18180 levels, 18120 level acts as a pullback to 18180 level, at this level previously strong sell off is observed, here (18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels. ---------->> we have an untested demand zone @17960 will push the price upwards again. ---------->> Be careful at (18200-18120) and 17960 levels. .
NSE:NIFTY
by IIT-Trader
NIFTY-Today bullish move created to exit the long positions??Observations: -------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign. -------->> Again showing bullish movement in nifty, witnessed buyers are still in control. today bullish move created to exit the long positions?? why don't we think sooo.... -------->>We suspect that if it is a false breakout in nifty above 18260 level , this time the fall will be below 18060 levels. -------->> At this point 18250 level, sellers are exists by showing a huge gap down , why don't we think of sellers may again push the price towards downside. --------->> If we consider these 2 levels, 18200 or 18100 they are not strong enough to push the price higher, so if price started falling it may clear all these levels, and we have an untested demand zone@17960 levels. NOTE: Is this false breakout above 18260. NIFTY- which level Holds 18200 or 18100 ??
NSE:NIFTY
by IIT-Trader
1
NIFTY--Retracement is to Enter Long Again Not for Sell ??Observations: -------->>Nifty trending upwards (after a huge gap down means not to sell, its a retracement) ---------->>After a strong bullish movement, after breakout from 17800 levels, ----------->>Nifty gives larger retracement towards 18050 levels, this retracement is to enter again long with the momentum upside towards 18300,18500 levels. --------->> consider this an opportunity to enter long from these zones, not to enter for short. --------->>Nifty showing pressure on bearish side, but wait and enter for long here, leaving a demand zone @18000-17960 levels. Be on long side with the movement. NOTE: NIFTY- Bullish from this zone 18000-17960 ??
NSE:NIFTYLong
by IIT-Trader
Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Closed at 17813.60 (+ 0.25%) Pivot Level : 17784.18 Support Level : 17740.62/ 17667.63 Resistance Level : 17857.17 / 17900.73 Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843. Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792. Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.
NSE:NIFTYShort
by InvestorDost