NIFTY : Consolidating NIFTY is consolidating since we close our last analysis. Still I am observing chart but not finding any good entry point except buy near support & sell near resistance
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L" with small SL.
Niftyview
NIFTY : View for 3rd JanNIFTY : Sellers trying to stop nifty but Bulls are working hard to hold levels. its important to watch Price action levels closely to understand who will win this fight.
Yesterday it went down and back again exactly touching indicator and created 2 green candle in hourly chart. change levels little bit to adjust price movement but my personal view is still up.
Lets see today's price action and levels.
It will motivate me to post more analysis if you can Like, Share, Comment.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
Last view :
Comment:
1st Jan : Nifty was not able to sustain and down during last session. but its hold position exactly at hour support line. Still nifty is near support zone and bull can try again with double force to back in bull zone. Lets see Monday candle pattern
NIFTY : moving as expected NIFTY : bounce perfectly as mentioned last time, 23rd Dec : we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
26th Dec: What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
27th Dec: Nifty it trying to catch our Bull zone levels marked in chart.....Lets see tomorrow what will happened after it touch our Bull zone level. Thursday we would have more idea on Nifty . Keep watch.
28th Dec: As mentioned yesterday, Nifty touch our Bull zone and reverse exactly from there. its not easy for Nifty to break price action levels. Tomorrow If Bulls able to gap up and sustain we can see continue up move. If unable to sustain, Nifty can back again in our support zone (Box). Trade as per morning candle.
30th Dec : Sorry guys, unable to update yesterday due to some personal reason.
As expected nifty entered successfully in Bull zone now. X managed to trap people by gap down yesterday and then bulls pressure was with full josh. This is what we were looking for "Josh". Now shifted support to 1'6159-181 zone as Market have to sustain till here for next move. 18434 is next resistance on chart as per my study. Lets wait & watch
It will motivate me to post more analysis if you can Like, Share, Comment.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Pin Point Predictions Of Nifty For 2-1-23Hello Traders,
WISHING YOU A VERY HAPPY AND PROSPEROUS YEAR 2023 FOR ALL VIEWERS OF THIS POST!
The Perfect understanding of support and resistance posted one day in advance to make your trading easy . This price action on 30-12-22 itself authenticate my words. To know more in detail of further action in index can be seen below.
Nifty 50 Bull Night Level 02.01.23 Nifty 50 Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:NIFTY
NIFTY: Will be able to enter in Bull Zone?NIFTY : bounce perfectly as mentioned last time, 23rd Dec : we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
26th Dec: What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
27th Dec: Nifty it trying to catch our Bull zone levels marked in chart.....Lets see tomorrow what will happened after it touch our Bull zone level. Thursday we would have more idea on Nifty. Keep watch.
It will motivate me to pose more analysis if you can Like, Share, Comment.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY : perfect review NIFTY : bounce perfectly as mentioned last time, we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
It will motivate me to pose more analysis if you can Like, Share, Comment.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty Hourly Trade Plan for 22 Dec 2022Nifty Hourly Trade Plan for 22 Dec 2022
Hourly Trend - Down
Scenario 1 : Gap up
Action - Wait for Upper resistance levels to Short for the target of lower end of the channel
Scenario 2 : Gap Down
Action - Wait for lower support levels to buy for the target of mid range of the downward channel and Short again for the lower end of the channel
Why 18380 is historically critical for NIFTY50Look at all other instances of trending up-runs. During a 'pullback' what constitutes a 'pullback' and what is a 'change in trend'?
It's 0.236 of Fibonacci - you fall below it, you are bound to touch 0.5 at least, so any close below 18380 gives you 17800 as a target to start acquiring. No need to short if you are not confident, but you can book minor profits as your prepare for tax season.
Keep levels simple - keep one level 18380, dont complicate when not necessary!
Cheers
Homework - Draw Fibonacci for all NIFTY runs from 2017-2022, and see what happens when weekly closes below 0.236. How many times it goes to 0.5?
A. More than 70%
B. More than 80%
C. More than 90%
D. 100% of the times