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Niftytradesetup

NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels. -------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NSE:NIFTY
by IIT-Trader
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full 2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it 3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by taking support of 18320. 4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout 5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
NSE:NIFTY
by aditya_k_mukherjee
Nifty50 Short (Update)This is second update to Nifty50 Swing Short I Posted couple of weeks ago. Short is now considered a success with almost 2% move down from the entry, which falls in line with original analysis where we were waiting for break of wedges in USD/INR pair and Nifty50. and we have gotten that now. Now there is a possibility that the USD/INR pair tests the wedge which can lead to bounce in Nifty which is also evident in Nifty chart with a reclaim of the white line at 18158. So, I suggest a TP here and moving Stop loss to entry or to slightly above the top at 18500 in case you want to hold it for longer term for swing scenario. I have attached links to the original posts down below and DXY analysis which ties into breakout of the USD/INR pair. Please go through them to understand the context of the short.
NShort
by zakoraio
NIFTY--Supply acts as Demand@18260??Observations:: --------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels. ---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level. If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed. Supply Acts as Demand@18260 level. keep track this levels. Key level of support: 18060 and 17960 levels. ---------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by IIT-Trader
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly. -------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed. --------->> now price wants to test which level,18260 level where a strong gap down occurs previously. ---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones. Key level of support: 18060 and 17960 levels. Note:: Expiry will close in the range 18160-18340 Range. Keep track these levels.
NSE:NIFTY
by IIT-Trader
Nifty preceisely stopped at the indicated resistances yesterday.What was depicted yesterday was very similar to what happened. Channel top proved to be a tough resistance to conquer and Nifty today rested just above mid channel line at18286.50 We had very accurately indicated the support at 18284. This is as precise as you can get with Technicals😌😊. Now What? We have this support or the next support at 18267. If 18267 is taken down we can further fall to 18190 or 18140. (Next support levels.). You can also see in the previous and current chart that invariably Mid channel line has proven to be support and NIFTY has bounced from here 4 times previously. So Let us hope we get a support from mid channel line and we can bounce from here. If we bounce from here next resistance will be 18340 and 18384. Interesting day tomorrow to see in which direction the NIFTY goes.
NSE:NIFTY
by Happy_Candles_Investment
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long TermNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines) RSI ,MACD and Stochastic are at 69%, 210 and 92% KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions. However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term. Nifty- short term is Neutral to Long. Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) . Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890. Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low) Below that 17387- 17340/ 17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 17208/17180//17000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT (Buy on dip)
NSE:NIFTY
by karthikss
3
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