Niftytradesetup
NIFTY BULLISH CONTINUATION STRAUCTURE On the daily chart you could clearly see nifty has form a zigzag ABC structure with small internal structures. the current upwards movement is the C leg of the bigger ABC which has currently tested 18875.30 resistance level.
In the upcoming days, Nifty will pause by retracing lower to find support around 18084.60-170600.00 zone
I advise you take a long trade AROUND THESE MAJOR ZONES and target 20400.00
Nifty daily analysis26 JUNE ANALYSIS:
Nifty opens:
side: if market give downside breakout 18645 then sell (PS-100% )
breakout on buying side 18720
gapup: wait for price-action buy on breakout(PS-50% )
gapdown: wait for further price-action and sell if breaks lower support (PS-50%)
buy if hammer candle is formed after big gapdown and breaks high of first 5 min candle [PS-100%)
Nifty daily analysis26 JUNE ANALYSIS:
Nifty opens:
side: if market give downside breakout after consolidation around 18650 then sell (PS-100% )
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20% for upside and 30% for downside)
gapdown: wait for further price-action and sell if breaks lower support (PS-50%)
buy if hammer candle is formed and breaks high of first 5 min candle [PS-100%)
Nifty Weekly Analysis for Jun 26 - 30🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 26 - 30
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18535, 18650, 18660, 18890.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a directional view (Bullish).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
Nifty Weekly Analysis for Jun 19 - 23🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 19 - 23
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
nifty daily analysis
Nifty opens:
side: if market give upside breakout after consolidation around 18830 then buy (PS-30% )
if market moves down then sell (70%PS)
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20%)
gapdown: wait for further price-action and sell if breaks lower support (PS-100%)
NIFTY--Trending Breakout or Breakdown?? Observations::
The index is still in uptrend....
facing some resistance @ ATH...but no sign of bearishness is observed.
yesterday index is trading in a range....
if today this will range may be broken...and will observe a trending expiry...
Bullish expiry or bearish Expiry::
As long as price is above the 18700 it is bullish only....
if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again...
Fake breakdown may also be happen at this zone 18760-18740.
If price breaks @ATH, until which level we can expect..
after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise.
we cannot predict where it exactly reverse.. all these are our expectations only....
we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss..
so wait and watch the show...will have another day price will come back and move...
if it is fake breakout above ATH, will fall again...
Note::
BANKNIFTY broken ATH ...will expect nifty will also break...and reverse.
If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
ZERO TO HERO EXPIRY STRATEGEY FOR NIFTY 22ND JUNENIFTY ANALYSIS FOR THRUSDAY 22ND JUNE-FOR EDUCATION PURPOSE
NIFTY:-
If Nifty sustain the level of 18850 break 18875then 18900-18925-18950 level can be achieved.
If Nifty break down18850 and break 18800 spend time below then 18775-18750-18725-18700.
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor.
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NIFTY--Which is Support Trendline or Neckline??Observations::
If both failed price clears the 2gaps below.
The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone.
If this fall continue towards downside or will break ATH.
so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal.
ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level.
price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH,
if this showing buying pressure and not able to go up side....
sellers are aggressively take the price to below 18600 levels.
If we see we have a trendline support as well,
if price failed to break 18800 level after taking the trendline support.
Breaks the trendline then enter for short after a retest is done to trendline.
if no retest is observed then wait it will again comes back to the same range.
Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side.
if price opens below this also look for sell on retest to this zone.
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas
TP 1: 18721
TP 2: 18635
TP 3: 18556
SL: 18810
use proper money management and this analysis is for educational purpose only and not a financial advise.
NIFTY 50 BEARISH MOMENTUM CONTINUESNIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below).
This idea is a continuation of our previous predictions and we are still bearish for NIFTY 50. The current bull run from 18670 to 18780 seems to me as market manipulation by big players to hunt more volumes. so those who were still bearish trade with us from yesterday can add more lots at current price if they wish at current price of 18780 with below possible take profits and stop loss area
TP 1 : 18635
TP 2 : 18556
SL : 18811
use proper money management and this analysis is for educational purpose only and not a financial advise.
nifty possible go down side from tomorrowAs we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).