Niftytradesetup
Pre market nifty report7JULY ANALYSIS:
Nifty opens:
side: if market give upside breakout then buy (PS-50% )
gapup: wait for price-action/or after retracement we could buy (PS-50% )
gapdown: sell in normal qty only when there is double confirmation
(market goes down after consolidation)
NIFTY--Trending Expiry ViewObservations::
price is exactly closed in the supply zone....where price strongly fall from these levels.
we have to wait before sell...
price is again fall below,19410 level,and this level has to reject for more fall.
yesterday price broken the trendline and retested...now we have to check fall happens are not.
the area of value at 19380 level will push the price up...to test the supply one more time...
be on the bearish side from these levels...
On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels.
If price wants to go up, it has to break and retest of supply and then only bullish...
fake out will also be happens at this level.
Keep track this level...key level 19410 level.
NIFTY--Trendline Holds or Break??Observations::
Will trendline acts as support ??
price action is completely in uptrend...
today after open a gap up price fall happens strongly...
buyers try to make the price higher but failed to close above 19400 level...
we can consider this level as a resistance...
price is now near its trend line....will see if this breaks or not.
if price breaks and retest will enter for short side trade...
strong bullishness is observed from the 19250 level after opening gap up...
bullish gap left at 19200 is filled, if trendline acts as resistance.
Bullish gap ma acts as a support also....
will see tomorrow what happens.
keep track these levels.
We don't go for long side...we don't have targets to book...price at anytime may reverse after All Time High.
04 Jul '23 Post Mortem on Nifty Yesterday I was quite ambitious to call the top at 19334 + or 80pts levels. The opening 45 mts and then the subsequent fall from 13.30 to 14.30 showed real signs of N50 running out of fuel.
But one thing that really proved me wrong was the intensity of credit spreads getting written at the PUTS side (bullish sign). Although there was lot of unwinding after 14.30, the issue is that CALL side credit spreads are not getting written.
If the run of N50 has to be checked we need CE shorts, aggressive big boys who do not run for cover. The lowest friction area for N50 to go is up as there are no resistances — thus making it a real tough spot for call writers. Personally I wouldnt dare writing ATM calls now even though I feel the top is near.
1hr TF
N50 for the first time in last 5 sessions closed the gap after a gap-up opening negating a consecutive spree of island day formations. The strong red opening 1hr candle stays lit and I am still inclined to keep the bearish view.
Nifty Elliottwave update 04/07/2023Hello everyone,
Here is our update on NIFTY in ELLIOTT WAVE perspective.
Nifty is about to complete 5th wave.
Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
Nifty immediate term target below 19250.A 5-wave rally from 18650 is seems to be over right now. Target of 19250 is quite possible.
Nifty Target 20700Hi every one Nifty ka July august ka target 20700
every dip CE call buy karo
never try PUT only call and future
NIFTY Intraday Levels 30 June 2023HI,
Here is intraday support resistance levels of NSE:NIFTY for 30th June 2023. You can plan your trade according to breakdown or breakout. Thanks.
NIFTY DAILY TRADING27 JUNE ANALYSIS:
Nifty opens:
side: if market give upside breakout then buy (PS-50% )
gapup: wait for price-action if there is huge gapup buy on breakout on either side(PS-50% )
gapdown: only very big gap down below 18700, will think of selling
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 will go down on 26/6breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side
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 daily analysis- if nifty breaks yesterday's high in morning without consolidation than buy in 1/10 qty.
- if breakout on upper side happens after consolidation then we can buy.
- on lower side if market opens big gap down and consolidate around 18740 then give breakout then we can sell.
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 daily analysisIf market opens sideways and breaks support then we will sell.
If market opens gapup or later half of the market gives breakout after some consolidation than we can buy.
on big gap down we will have to wait for further price-action.
