Niftyview
Pin Point Predictions Of Nifty For 17-4-23Hello Traders,
To make your trading easy posted these prefect marking levels from where price always reacted in a particular direction. To know more in details how to use then to create returns check below.
NIFTY TRADE SETUP FOR MONDAY 17-04-2023The Nifty range for today is 17850-17725. We recommend a long position above 17865 with a target of 18000 and a stop loss at 17820. A short position is advisable below 17700, with targets at 17650 and 17600.
In the smaller time frame, if the market opens above 17850 and sustains, then we believe that every dip is a buying opportunity. In this market, we prefer to sell Puts rather than buy Calls.
If the market opens below 17830 and fails to cross 17850 in the first 30 minutes, then we recommend selling the 17800 Call with a stop loss at 17870.
In the case of a flat opening, we suggest selling both Calls and Puts, marking the 30-minute swing high and swing low.
We recently received a query about one of our analyses, with concerns about the capital required to sell. We use a simple technique provided by Icicidirect, such as selling the 17500 Call (ATM) and buying the 18000 Call, resulting in a margin requirement of approximately 40k. We recommend checking with your broker for more details.
In conclusion, trading success is about finding a way and effectively managing risk and reward.
Spot Nifty At A Critical Juncture.Market Outlook
The Nifty is poised at a cross road and a critical resistance. Either it can defy the resistance and continue rising further or it can consolidate a bit in the range of 100/ 200 points on either side and consolidate it’s position. Nifty consolidating first and then rallying further will be more logical but Stock market is not the place which obeys reasoning and logic most of the times. Either it becomes too worried or it becomes too fearless and greedy. We investors try to find equilibrium and rationale in the place which often defies laws of consistency in the short term. In the long term everything works fine and falls in a deserving place.
Spot Nifty Resistance Zones: 17851, 18004, 18126 and 18267.
Spot Nifty Support Zones: 17780, 17713, 17532(Strong Short Term Support), 17311(Final Short Term Support).
Review and Trading plan for 13th April 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
An Equation of the Financial Markets in form of an Endless Loop.Elliot Wave Theory claims that Markets form similar patterns of formations on smaller time frames that are visible on higher time frames, (higher/lesser degree). Crowd behaviour which the theorist defined for traders or market participants is predictable in a manner that it ought to cause a definite result after each sequential or circumventing interval. First half of idealised Elliot Wave is Motive Wave, which consists of 5 kinds of movements but majority are in the direction of higher degree trend (3) and 2 the even movements are retracements or corrections from that higher degree trend. For example on a Monthly chart there is an Upward Trend in the markets then at weekly time frame motive wave would have 1,3,5 actionary movements in upward direction and two corrective movements in downward direction. Motive Wave is further categorised with Impulse Sub-Wave and Diagonal Sub-Wave. Impulse Wave is the normal Motive wave whereas the Diagonal Wave forms consolidation in a channel at 3rd level. The Cycle that I have marked on the chart is Elliot Wave Bearish Cycle which consists of 5 Motive Waves( 15 levels of downward trend and 10 corrective retracements in upward trend) plus 3 corrective Waves as in form of 2nd phase or 2nd overall wave of the Cycle. In my calculative assumption the Corrective Waves are ending ending 18200 levels for nifty and began at 16850. I hope I could make this loopic concept a bit clearer.
Review and Trading plan for 11th AprilNifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Continuation HS on weekly . #BankNifty #USDINRNifty is consolidating and is forming a continuation H&S on weekly.
However with current macro situation and uncertainty,
its unlikely to complete and breakout.
Therefore a break below the shoulder level support of 16800 is crucial
USDINR-Weekly consolidation Reserve Bank of India has conveyed to the market that they are close to the end of rate hiking cycle.
India has not increased rates as much as FED or most of other DM central banks
Indian rupee is close to end of consolidation above the long term wedge. Is it going to lose more value and reach towards 88?
#Nifty #Banknifty #USDINR #Rupee
How much more Fizz left in the rally? The main question that is springing in every mind is that how much more Fizz is left in the rally? Is it a genuine back to bull market rally or should we consider it a relief rally only? We will know only if the critical resistance are crossed in the coming week/weeks.
Nifty Critical Resistances: 17639, 17720, 17804 (Major Resistance) ,18066, 18136, 18207 and finally 18292 (Major Resistance) .
Nifty Critical Support Zones: 17515, 17482, 17402, 17309 and finally 17210.
Nifty50 Elliot Wave Analysis --- Chart BearishWave (2) near to 1.88 & 2 febo level reversal possible form this Range
Wave (3) Target min 17489 Max 17287
nifty 50 Index near to potential Reversal zone @16670Harmonic pattern this time not suggest more long from here.
next week we can bearish momentum in index.
View invalidation level 17720
Target- (I) 17498 (II) 17378 (III) 17287(final target)
NIFTY TRADE SETUP FOR MONDAYThere is uptrend in Nifty . If Market Opens above 17643 then we can Buy on dip with Stop loss 17540.
If Market opens flat then Sell Call and Put Both . For a clear direction market has to cross 17650 and sustain .
If market gap down Below 17545 ..then we can sell at rise with 17603 or aggressive 17575 .
make or break time for nifty50 as major support for nifty approaches at 17180/17200 levels this week or may be the next week these are important levels for a break down or reversal. coming days will give clear direction for a one way big move possible on both sides
Pin Point Predictions Of Nifty For 6-4-23Hello Traders,
My bit is to make your trading stress free with right prediction these marking shows all . If you want complete details for next day trading then check below.
Nifty just 17370 below iam buying plan Nifty just 17370 below iam buying plan................................
Nifty at a deciding juunctureThe bounce in Nifty currently seems to be in 3 waves.
If 17428.05 marked the completion of wave 3 and 17207.25 is taken out before making another move up (i.e. above 17428.05), then it would suggest that nifty will see more downside in the coming weeks/ months.
Nifty: Strong Selling is Missing From the Demand Zone Expecting Positive Price Action in Next Week.
Will Change my view below 16900
Estimated Pathway.It is bound to react to supply zones, even the global indices have reached the supply areas and cannot proceed further without some selling in mid way and starting financial season of the year. Quarter results will make an impact for sure on the index but that is pretty far till now other than the buzzing headlines have already started. So as per me a little gap up will push Nifty Downwards and panic selling would be encountered. Other than that the long trendline also suggests it cannot move a long bullish move tomorrow.
Nifty Lower time countsHey guys subsequent to our previous analysis with dot targets I have observed this in lower time frame.
Please checkout the counts. It looks that iii of c has completed and we are in iv of c and it seems its making a triangle in the iv wave of c.
If it happens then breakdown from e leg of triangle may occur.
Thank you. Please visit profile for detailed profile and all the analysis made till now.
Whipsaw Must Happen.Nifty has entered the supply zones Cluster, it cannot go further no matter what ranges of Dow futures or FTSE openings try to escalate it. CE at this moment would be a disaster. Trendline breakdown would give you a better way out and short the 17200 strike price till it reaches at the end of Wednesday's closing.
IF PRICE ACTION IS WRONG THEN I AM HAPPY TO LOOSE MONEY.Go short, I cannot shout more. A little change of direction does not hurt a trend, a trend takes huge momentum which is missing till now, DJI for instance has just retraced back from risk aversion levels of crisis haphazard, nonetheless they have shifted to uptrend no doubt but India lacks that fundamental support from Foreign Investments and also our Domestic Institutions have filled their belly of buying equities as much as possible. The index has a bit more room in downtrend, smaller up ticks would occur for sure but at the end April is going to be a BEARISH month.
