Weekly nifty analysis!Waiting for Nifty to break out this week for taking fresh long positions. It has been resisted multiple times and has created a trendline. A strong breakout will lead to continuation of the bull run. While bank nifty has already given breakout, hoping nifty does the same.
The down move from the all time high, is just a retracement when looked on a higher timeframe. It has tested the important 38.2% fibo line but could not break it. Hence, a continuation of upward movement is expected.
Important levels for the upcoming week:
Resistance at:
17665
17750
17860
Support at:
17320
17150
16928
Niftytrendanalysis
NIFTY CORRECTION WAVE OVER?The Chart is self explanatory by itself.
Green rectangle - Demand Zone
Red rectangle - Supply Zone
Space between the two blue lines will be considered as no trading zone by me.
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Nifty 8th November SetupNo trades taken in Nifty on 4th November as the market traded in a really narrow range for the time given for muhurat trading.
Nifty 8th November Levels:
Buy Above: 17950
Sell Below: 17900
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Nifty 4th November Muhurat Tradng SetupBeware, market timings tomorrow - 6:15 p.m - 7:15 p.m
Nifty broke our chanel with a Gap-up and then following the strong rejection zone and weak buyers cme back into the channel.
Trades on both CE & PE side, gave some good profits.
Mostly narrow range trade today
Levels for 4th november Muhurat Trading :
Buy above : 17835
Sell Below : 17740
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Nifty 3rd November Setup (Bullish Flag)Nifty followed our previous analysis perfectly and we made really handsome profits in CE.
Nifty was in a narrow trading range today.
Now Nifty has a resistance near 18000-18050 levels and has shown rejection quite few times.
Nifty has an immidiate support near 17880-17850 and have taken support there.
I can see a bullish flag pattern in making and if it breaks above it then the targets are mentioned in the chart above.
For 3rd November
Buy Above - 17950
Sell Below - 17870
Blue lines are a No-Trading Zone for me
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Nifty Update (08 September 2021)
Nifty Update (08 September 2021)
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The market snapped its three-day winning streak after a volatile session.
Here’s the trade setup for today:
17,440 is an important key-level for the day as Index has tested the level multiple times & took resistance.
We going to open a long position only above 17,450 if the price closes and sustains above it, the target is open as 17,450 is an all-time high.
For Short:
The index has been seen respecting the plotted dynamic trendline. If the price closes below 17,380 for the downside targets of 17,320 to 17,300
17,300 will act as Intraday support.
The index has been seen trading in a narrow range, high probability of a range bound session wait for the range to break.
Trade accordingly!
NIFTY RISING WEDGE PATTERNHello
Welcome to this analysis about NIFTY , we are looking at daily timeframe perspectives. NIFTY in recent times heavily increased with Bullishness however it now moved into an overbought condition. NIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how NIFTY has emerged with this key NIFTY RISING WEDGE PATTERN marked in my chart with the black boundaries. NIFTY is near support region which is an important support and also psychological resistance-mark together with the upper-boundary of the RISING WEDGE PATTERN a pullback
In this manner, thank you for watching my update-analysis about NIFTY and its major RISING WEDGE PATTERN with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Nifty Prediction & Analysis [12 Aug 2021]Nifty50 Prediction and Analysis For Tomorrow
Nifty50 Spot Levels to watch out for trading on 12th Aug 2021
Long Opportunity:
1. Price breaks out of 16295 and retests the level again is a good support to go long
Short Opportunity:
1. If Nifty Opens with a flat note then wait for the upward trendline to break near 16280 and show rejection.
Once broken and the candlestick shows rejection near 16280 levels, then that area will be a good shorting zone.
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NIFTY FOR TOMMOROW - 21 June 2021Nifty traded in a wide range of approx 300 points today.
Candle formed today is a Big range hammer candle.
Candles Structure is of lower low, lower high.
Gap resistance above hammer candle
Price support underneath hammer candle.
All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling at the upper range and buying at the lower end of the range.
Honestly, the trend is not at all clear in the index and it might witness wild fluctuation or could form a kind of complex price action, so I'll be avoiding trading in nifty, up till I see some clear price action developemnt.
NIFTY 50 Levels for Feb 1 2021 to Feb 5 2021Nifty is retracing downside after the strong uptrend and here are the possible levels for Nifty 50 to trade around this week.
The analysis is based on support and resistance and trendlines as per my knowledge and I do not recommend trading on the basis of this view. NSE:NIFTY
#NIFTY .... A Story in one hour boxesIndia's main index, NIFTY 50, hasn't broken down though these one hour boxes, on a closing basis, since the massive selling on December 21, 2020.
A case for long NIFTY continues till the boxes keep getting marked up.
It can't be gainsaid that this is a market, in which one should move with Stop losses on a progressive basis.