Swing Trading Opportunity in NIFTY | YT Ravi's Trading DeskRefer the chart for Entry,Target and SL.
NIFTY Breakout on 30min/hourly/Daily Timeframe also Closed above 200EMA on a Hourly Timeframe which is a bullish Sign.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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NIFTY - Target Levels - THUR - 28.09.23Nifty Spot Price : 19716.5. - VIX SPOT Price : 11.58. -
Nifty Daily Range : 19597 To - 19836. - Watch Option Strike : 19650 CE
Watch The Target Levels : 70----77-----96-----115----135----154---173----192----212----+++++++
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040
NIFTY--19800 or 19600 ??The nifty index broken the trendline Strongly...
If price gives us retest will go for buying...
we have a strong resistance at 19800-19850 levels...
If tomorrow opens flat and consolidation happens look for buy....
After testing these levels price may gives us retest...
soo keep safe
NIFTY INTRADAY LEVELS FOR 27/09/2023SYMMETRICAL TRIANGLE PATTERN
BUY ABOVE - 19700
SL - 19670
TARGETS - 19730,19790,19850
SELL BELOW - 19640
SL - 19670
TARGETS - 19600,19530,19470
NO TRADE ZONE - 19640 to 19700
Previous Day High - 19700
Previous Day Low - 19640
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Are Bulls back? || Will nifty take support from here? 26 SEP As we have have been discussing nifty fall. Now nifty has proven to 0.5 Fib Level 1H-TF as a good support Level.
yesterday it has also taken a nice support at this level. we are assuming nifty to be in the range 19630 - 19800. Detailed levels are marked on chart.
Reasons :
PCR = 0.81 (Mild Bullish)
RSI Bullish diversion.
Channel is coming to end of break.
RSI Lower Support level might bounce back to bullish zone.
Heavy CE writing on 19700 level.
Heavy PE writing on multiple levels 19600, 19500, 19400. Max pain 19700. if 19700 breaks easier to go higher.
Verdict :
Mild Bullish ( Range 19630 - 19800)
Plan of action:
Hold previous 19750 Straddle, or create a new by checking 15 Min Candle.
NIFTY--Breakout or Fakeout??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY INTRADAY LEVELS FOR 25/09/2023BUY ABOVE - 19720
SL - 19680
TARGETS - 19750,19790,19850
SELL BELOW - 19660
SL - 19700
TARGETS - 19590,19530,19470
NO TRADE ZONE - 19660 to 19720
Previous Day High - 19790
Previous Day Low - 19660
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY--Retracement or Reversal??The NIFTY index again showing bearishness, with gap down opening.
Now price is exactly at the golden zone of Fibonacci retracement.
If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon.
While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels.
So take care this is the crucial zone,
if this zone failed to take the price upside,
wait for the price to break this zone below and wait for the retracement to enter short for continue with the trend.
Keep in watch mode for couple of days.
On top side, price breaks the trendline, it may retest and fall or rise.
ATH is not strong, weak ATH is observed on topside.
All these points are showing bullishness in NIFTY.
Note:: Until price breaks this zone, consider it as a retracement.
will nifty bounce back from here?as we have discussed in our last analysis, we waited and then entred in the 19750 CE + 19750 PE selling. market respected levels quite nicely. seems there might be a bounce back or consolidation from this level.
Reasons :
RSI is very low that indicate the weak strength of the trend. and at the same time Oversold the Market.
Nifty is taking support at 0.5 Fib level of 1H-tf.
200 EMA is also coinsiding with 0.5 Fib level that makes it more strong point to take support.
Its nearby VWAP so we can say price is avraged out. now Buyers might come in the market.
PCR is 0.89 - Neutral
RSI bullish divergence.
Verdict :
Sideways, preparing to bounceback.
Plan of action:
Hold previous position, or create 19750 straddle.
Shakeout at the ATH - NiftyWeekly Timeframe:
1. Engulfing candle: Depicts bearish sentiment, trend reversal indication.
Daily Timeframe:
1. Climax Top: 11 consecutive highs followed by selling. This is one of the characteristics of trend reversal; it is often accompanied by exhaustion, a sudden spurt in volume, and then selling like falling knives.
2. Heavy selling: distribution Signs are reflected through the volume.
Reasons,
1. Rise in Crude Oil Price
2. Inflation Fear
3. FII-Sell off 121367 Cr
Way forward,
Support Levels,
S1: 19200
S2: 18600
Trade Opportunity,
1. Niftybees: Hold
2. Futures & Options: Monthly Straddle
Nifty 50: Meltdown @19,600Week Ahead:
On Daily charts, the index has lost all its momentum even though the fall has slown down but it has left huge runaway gaps between daily candles. Ideally such situation woul need to trade within crucial candles range and be mindfull of taking trades when Index trades near the gaps, as the saying goes, most of the time index always closes on gaps.
From levels perspective, Nifty is still vulnerable to fall around 19,600. Key levels aroun here are 19,502-19,595 and much on lower side are 19,386 , 19,326-19,230. If the markt settles around 19,600 then a move beyond 19,795 will make the fog clear around the botton of this last week’s meltdown.
NIFTY INTRADAY LEVELS FOR 22/09/2023BUY ABOVE - 19790
SL - 19750
TARGETS - 19850,19900,19960
SELL BELLOW - 19710
SL - 19750
TARGETS - 19650,19590,19530
NO TRADE ZONE - 19710 to 19790
Previous Day High - 20040
Previous Day Low - 19880
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY--Bearish Gap or Bullish Gap??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
NIFTY INTRADAY LEVELS FOR 21/09/2023BUY ABOVE - 19960
SL - 19920
TARGETS - 20040,20110,20200
SELL BELOW - 19880
SL - 19920
TARGETS - 19800,19740,19650
NO TRADE ZONE - 19880 to 19960
Previous Day High - 20040
Previous Day Low - 19880
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Has NIFTY downtrend started?As we have been discussing, NIFTY fall in our last posts. We can see NIFTY has successfully given the breakout yesterday.
We could see a nice volume hike at the last hour.
Nifty was trading at an all-time high from that; it formed a rising wedge and gave a nice successful break to the downside. Now, we might see a nice move to the downside this week.
Reason :
RSI is below 40; decreasing shows no bull power.
It has a broken rising wedge pattern, which is bearish.
Significant sell volume hike at last hour.
Price < EMAs
It was trading at an all-time-high that can not break at once.
Option chain PCR: 0.97 (Bullish)
Verdict :
Bearishness is Expected.
Plan of action :
Sell 20150 CE + Sell 20000 PE + Buy 20150 PE
NIFTY--Trendline Break?? The price has recently breached the trendline, signaling a potential shift in momentum. If the price provides a retest opportunity tomorrow, we may consider entering a short position. In the absence of a retest, we will wait for a pullback before considering a short entry.
On the downside, we have identified support levels at 20050 and 19950. We will remain in a long position until the price convincingly breaks these levels and undergoes a retest, confirming a more bearish outlook.
Keep safe before short...
Nifty and Banknifty : Trend bearish for 19 SeptemberDue to Upcoming Parliamentary extra session and upcoming fed policy market is showing a little profit booking at the top and is expected to continue for the same.
Nifty and banknifty both have a sell on the rise pattern so follow the same as mentioned in the video
Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout.
Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
Nifty 50: Rally till 20,300-20,550 on chartsWeekly Review
When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as a spike but it’s on a clean Falling wedge pattern breakout post hitting 19,230 in august and so is the continuous rise in the Index since last few weeks where the last week itself contributed almost 1.88% with a gain of 372 points taking index to new highs of 20,222.
Week Ahead:
On Daily charts, the index stands strong with good volumes to continue its rally from current levels of 20,192, with nearest resistance at 20,297(20,300) and 20,500-20,550. Considering if any pause in the rally if occurs it can retrace till 19,993 and 19,792 which will be the key supports. Personally I don’t see any neutral to bearish view but a stable long until 20,300 atleast and a max 20,550 since the weekly charts are showing a clear bullish stance and a uptick in momentum reflective of much steam left in the markets.