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NIFTY FOR TOMMOROW - 18 June 2021Nifty opened gap down today, it tried to fill the gap it created today, but couldn't sustain at higher levels and closed almost where it opened today. If you see the today's candle formation, its like a inverted hammer candle, but the structure of the candle is of lower low and formed after gap, hence not very important for support purposes. Now what for tomorrow ?? If we see the previous price action, prices did close at the critical support , it is the area from where the price bounces various times, so we need to be careful while creating new short positions. So for tomorrow, considering today's closing , I am expecting nifty might open flat or gap down and if opened as per expectation, and sustains below 15700 - 15750 it might test support zone of 15630-15580 and only decisive close below this level could exaggerate selling in the index and could move uptill 15400 levels. Supply zone : 15700-15750 Demand zone : 15630-15580
NSE:NIFTY
by manuagarwal21
1
Nifty Future Nifty Future looking bullish One can go Long now or in dips with stoploss of 14990 All the key levels are mentioned in chart with Stop-loss and Targets Key Levels Upper Bollinger Macd in daily positive Macd in hourly positive Adx in daily positive ADX in hourly positive Rsi in daily above 60 Rsi in hourly above 60 Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY1!Long
by RK_Chaarts
Nifty 50 Intraday Trade Setup for 11th May 2021Good Morning everyone, Hope you all are doing great and did good in the last week, Index short term trend is bullish and we have seen 500 points up move in the last week but the main problem is Index momentum in intraday is so choppy & messy and most of the movement comes with a gap up then the market turns sideways all over the day which is not tradable in the Intraday. Let's talk about our trade setup for 05th May 2021? Key Factors =================== 1-The index is trading on their Harmonic PRZ. The level is 14,972. which can act as resistance. 2-India USD and SGX Nifty both are trading on a Negative Note. Almost 114 Points down from the previous day closing. 3-Index Intraday Support is at 14,700. 4- Higher Trend is still missing and the wider range is still valid from 14,000 to 15,000. 5- 15,000 is the Phycological resistance confirmed with the Harmonic PRZ. Intraday on 05th May 2021. ================================ Intraday Range is 15,000 to 14,700 which is very big and can create a problem is the Intraday. The index is about to Open around 100+ Point gaps down so you must know the support area which is 14,700-14,730. Risky and Aggressive Traders can create a long position from the support zone with minimum sl and can hold the Position if 30-minute range breaks on the upper side, Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by Virupandey81
11