NIFTY-03/02/2022 REPORTHello Traders,
NIFTY@03/02/2022
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Opened as a gap down, below PDH. Market was rejected at IMP level then went to near S@2
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Niftyview
NIFTY FUTURES - Important levels to watch out for 21.01.2022Chart has all the explanation so please do read the chart well
On the day time frame we have rejection at the lower side of the candle
On a 15 minute time frame it looks like a bearish flag pattern has been formed but with signs of reversal
There could be a reversal in tomorrows session
All the best for tomorrow
Your feedback is highly appreciated
NIFTY | Likely to continue downtrend.When it comes to the technical analysis of NIFTY, it is in a downtrend.
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Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Nifty rising in a steep Channel, but will the momentum sustain?Nifty is rising in a steep channel the momentum can sustain if important resistances are taken down. Resistances on the upper side are 18294, 18345, 18440, 18510 and finally the ATH high of NIFTY which is 18606. The supports on the lower side are 18133, 17973, 17819, 17617 and finally 17553 which is 50 EMA. Below 17553 weekly closing the bears will take control of the market for a while. The next week will decide if we will see a new high or there will be more consolidation.
NIFTY | Still in Bullish Trend.When it comes to the technical analysis of NIFTY , it is in an uptrend. Right now price is staying near 17818. But it is not a good idea to go long from that price range. And the price is a tad far away from the previous demand area; which means the price is expensive right now. So you should only buy the security if the price pulls back to the previous demand zone; where price is cheaper. There is a good chance the price might get rejected from the previous supply area. So you could expect a pull back to previous demand zone. If it does, you may go long by placing the stop below the demand zone. Your targets are T1, T2 and T3.
If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NIFTY - Next week Analysis🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Nifty update on 20th December 2021Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has closed lower than 17,000 and is testing its strongest demand zone again (16.800 to 17,000).
India USD and SGX are trading on a flat note, and I am accepting a small gap up or a flat opening.
30 Minute time frame
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Intraday Resistance: 17,110
Intraday Support : 16,950
Long can build above 17,110 for the target of 17,200
High Probability trade is short side lower than 16,950 for the target of 16,850 .. You can hold your position if 16,800 breaks in the intraday.
Daily Time Frame
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Index wider range is 17,650 to 16,800. The Index is going to test its demand zone again. A breakdown will cause more bloodbaths, and Index can test 16,000 in a couple of weeks.
Trade Accordingly.
Good Luck
Nifty direction tomorrow?Nifty is moving in a channel and has made a bearish candle from swing high. This week's movement looks to be downwards with possibility of touching 17100 levels by Thursday. We can expect a reversal only after nifty touches the 17150 - 17050 levels.
Breaking of 17000 levels can happen only after nifty retests the trendline resistance and any bull run can happen only I it successfully breaks the resistance and sustains.
Nifty update on 13th Dec 2021Good morning everyone, I hope you guys have a great weekend. Now time to get back to work and talk about the first trading day for this week. The Index is trading on the hourly resistance (17,600 to 17,650), and a breakout can change the hourly trend downtrend to an uptrend, but the problem is that the higher time frame is still negative Intraday is a bit risky these days.
India USD and SGX are both trading on a positive note. CMP is 17,657, almost 150 points up from our Friday closing, so there are higher chances of seeing a gap again.
Intraday Trade Setup on 13th Dec. 2021
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Intraday Resistance : 17,600
Intraday Support is: 17,380
Key Resistance : 17,840
Key Support:17,000
Trade Accordingly.
Good Luck
How to trade Nifty on 13/12/21Nifty is trading near breakout zone.
Global sentiments are also positive despite inflation numbers.
Next resistance and target is placed at 17700 which is also 50% level of this total fall.
Closing above 17700 will take it up to 18300.
On the flip side closing below 17400 will make it weak and again we can see 17000 level in this week.
Nifty Still under Pain Hi
Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days.
One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down.
Best of Luck.....!!!
Nifty Update on 03rd December 2021Nifty has shown a trend reversal in the hourly time frame, breaking the critical level (17,350) and closing above on it. The daily trend is bearish, and the hourly trend is bullish, which creates confusion in intraday. You Guys need to understand both of the time frames to build your trade-in intraday. In a shorter time frame, the Index can move upside, but swings are messy because daily sentiment has not changed yet, and FIIS continues selling in the market.
SGX and India USD are trading on a flat note; the Current CMP is 17,419, a sign of a small gap or a flat opening.
Important support to watch in the Intraday is: 17,300 to 17,25
Important Resistance watch in the Intraday is: 17,500
Trade Accordingly.
Nifty update for 29th November 2021Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal.
India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening.
Intraday Setup for 29th November
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The Key Resistance is 17,300
Intraday Resistance is 17,100
Intraday Support is 16,900
The Key Support is 16,750
Welcome to Bear Market. Stay safe.
Good Luck
Nifty Buy on dips Hi
Looks like Nifty is going to finish its correction in coming days & we have looks to buy on dip now instead of looking to short it.
The study, we are sharing with you all in that if Nifty close above 17700, it means we are moving towards new ATH if not then will see Nifty drift back to 16900 levels but it does not mean that we have to short that will be the great opportunity for us to buy on dips.
Best of Luck....!!!
Nifty Entry & Targets for 26 Nov(This is For Education Purpose only, Don not take trades based on our views. If you take trades based on our views you are responsible for your profit and loss.)
Nifty Entry & Targets for 26 Nov as per our "RKK Entry & Targets" Indicator.
B/O Means Breakout Level
B/D level means BreakDown Level.
T1 means Target 1 and likewise
Nifty Still in Correction Hi
It was wonderful trading session yesterday.
As per yesterday move looks like we are in corrective structure in Nifty if not then Nifty has to cross yesterday high very fast today if new impulse move is going to start.
Movement will sideways will look to enter in shorts close to 17500 to 17550 for to test the support area 17300 otherwise will avoid todays trading session.
For shorts stop loss will be 17650.
Best of Luck.....!!!!
Nifty Trade setup for 25th Nov. 2021First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my long-term view on Twitter a week ago when the price was trading on 17,900, and given the first target is 17,300, and it's hit in a week now, we are heading at 16,650, but We need to wait for 17,000 to break.
Intraday for 25th Nov. Monthly Expiry
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India USD and SGX both are trading on a negative note; the Current CMP is 17,369, 40-45 points below our market. A Flat or a small gap down is accepted.
Key Resistance is 17,600
Intraday Resistance is 17,500
Key support is 17,260
Intraday support is 17,370
Nifty Bulls will Face Hurdles Hi
Nifty bulls still face hurdle tomorrow close to 17950 to 17990 levels if these levels will cross convincingly then we can notice 18100 to 18200 levels soon.
This view is as per 1 Hr Time Frame, if will see bulls are doing good then will update accordingly.
Best of Luck!!!