NIfty 50Nifty formed bearish chart pattern on 15 mint time frame impulsive-corrective-impulsive. if it successfully break the low of 1st wave than its going for 21700
Nifty50
Nifty took a trend line support while trying to form a bottom.Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further resistance levels will be seen at 22204, 22299 and 22454. Shadow of the candle for tomorrow looks firmly positive as of now.
Nifty Analysis and the levels where the buck might stop. In this video we have discussed the short to medium term outlook for Indian markets. We have also tried to analyse the micro and macro factors affecting the recent downturn. Also in the video we have explained how to use the tool called 'Parallel channel' to guesstimate levels of indices or stocks.
Double Bottom Kind of structure is forming in Nifty. Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength.
Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears will strengthen their grip.
The Strong Resistance Zones that Nifty needs to cross for Bulls to start taking control is the zone between 22072 and 22144.
Other Resistances if this zone is crossed will be at : 22206, 22301, 22361, 22445 and finally 22525.
NIFTY 50 Nifty shows negative traits in daily timeframe, firstly it activated 5 Ema trade and secondly it give the breakdown of trend line. As we all know market faces the many hindrance i.e. international tension, electoral bond issue, few days back SEBI chief says "we are in bubble"
all these traits try to make negative impact in the market.
Good Fightback by bulls but need a confirmation candle tomorrow.We saw a good fightback by Bulls today as the Nifty bounced back from just close to 50 days EMA but to ensure that this was the temporary bottom we need a confirmation candle to close the week. The Resistance for Nifty will remain at 22204 and 22311 followed by 22500 range. Supports for Nifty will remain at 21851, 21779 and 21614. Below 21614 again the bears will take over. Shadow of the candle today is very dull but slightly positive however as it is a weekly closing candle due to Friday bears will also try to close the Nifty in their favour. Nifty is again interestingly poised.
Probable Support Zone For Nifty approaching. The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep downside is possible if Nifty does not bounce from today's low that is 21905, 21839 (Mother line 50 day's EMA) or 21779. On the upper side in case of resurgence of Nifty next resistances can be near 22132, 22311 and 22511. It looks like recovery above 22511 will take some consolidation. Even if Nifty resurges which it will in a few days/weeks time Small and Mid cap sectow will go through a long consolidation phase. This phase will give an oppertunity to do some proper bottom fishing in these indices for the long term. In the short to medium term the index that will get the preference will be Large Cap index.
Why is having a system more important than buying and selling?2022 performance of high-flyers
Nifty Vs
Nasdaq (NDX)
Bitcoin 🪙(BTCUSD)
Tesla 🚗(TSLA)
ARKK ETF ( ARKK)
Data: Tradingview
NIFTY 50 120 MINS CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.....
Tradelikemee Academy
Sanjay K G
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience.
To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving.
Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading.
Intraday Trading Strategy :
1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices.
The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry.
Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time.
The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement.
Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day.
2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down.
After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap.
Rules:
Entry between 9:30 to 10:00.
Exit at stop-loss or at 3:25.
Bollinger band strategy is 20,2
30- minute time frame is required.
Big Profits and Small losses.
No need to trade every day.
Helps to stay away from the Sideway market.
Example for Buy Trade:
In this strategy, the stock should be open with Gap up or Gap down.
The First 30-minute candle should be untouched from the lower band.
As you can see in the above image, the first candle opens with a gap down and it is below the lower band.
The high of 1st candle is also untouched by the lower band.
Go for buy trade when the high of 1st 30-minute candle is a break.
Stop-loss = low of the 1st candle.
Example for Sell Trade:
The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band.
As the low of the first candle is broken, enter in to sell trade.
Put the stop loss at the high of the first candle.
Note: This strategy gives best result for Nifty and Bank Nifty.
3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit.
The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens.
Trading Range
The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital.
The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes.
Early Morning Range Breakout and Volume
The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price.
Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control.
Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout.
The image below explained that high volume during a breakout is likely to push price through key resistance.
In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing.
Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets.
Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
Weak Closing by Nifty but Mid-channel support approchingNifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will be 50 Hours EMA 22337, 22410 and 22462. Shadow of the candles today looks negative today.
Nifty showing strong undercurrent of positive bias. Although various local and global Micro news and trends were indicative of Nifty rally fizzling out or making a top a strong undercurrent due to strong Macro factors is continuously providing undercurrent of positive bias to the Nifty and it keeps bouncing after every attempt to sell off. It will be interesting to see how much the Bull-Run can sustain further with elections and pre-election buzz starting to make itself more and more visible. Nifty supports remain at: 22436, 22325, 22263, 22129 and finally 22018. Nifty Resistances will be near: 22523, 22688 and finally 22854 which looks like a top of the current channel.
Navigating Volatility: Positional Strategies for MarchWork religiously irrespective of temporary failures, have risk management systems in place
As a seasoned derivatives trader with over a decade of experience, I find myself continuously drawn to the dynamic nature of the market. Inspired by familial ties and fueled by a passion for challenge, my journey into this realm began with humble internships and has evolved into a successful career within reputable broking firms. Today, I stand firm in my enthusiasm for derivatives, where each trading session offers renewed excitement and abundant opportunities for growth.
Futures and options are highly volatile so one should not assume that they know everything from day one. My journey has seen a fair amount of ups and downs, but it has all been a great learning experience at the end of the day.
The most important thing is that I have been willing to learn something new every day. I also make sure to have risk management systems in place before taking a position. This makes losses bearable and the victories more joyous.
Advice to women who want financial freedom and are very excited to enter the derivative field?
Continue working your way religiously irrespective of temporary failures. Maintain discipline and do a lot of preparation before entering the markets. Learn to embrace the fact that one bad day or one wrong trade does not define the rest of the year, if you have been disciplined.
Expect the Nifty 50 climbing above 23,000 in March after reading options data?
As per my analysis, I was looking at Nifty targets till 22,500 – 22,800 first. Any further correction or upside will be re-evaluated then.
Top two positional bets for March and why?
Since volatility is at its peak now, a good balance approach is important. Hence, my first pick would be as a defence play:
Buy Dabur India with a support at Rs 525-520 zones and look for upside targets till Rs 585/600.
Buy Glenmark Pharma with a support of Rs 920 and target of Rs 1,020/1,035.
Nifty or Bank Nifty strategy for next week?
FIIs net long position as on date is at 40 percent, which is quite steady. If it crosses 45 percent, then a strong short covering rally can come which will propel markets to a new highs and Nifty can test 23,000.
Bank Nifty is also on a strong momentum and can move towards 49,500/50,000 zones from here. We have been recommending largecap private banks and PSUs to our clients on a regular basis, and I still feel Axis Bank and SBI can see further meaningful upside from here in the March series.
The other sectors participating strongly now are chemicals, FMCG, technology, energy. So, I retain my view to go long in Tata Power, Reliance Industries, SRF, GNFC, Infosys, and Birlasoft.
For option traders, Bull Call spread on Nifty monthly expiry with 22,500 CE buy and 23,100 CE sell can be done (do not forget to keep stop losses as per risk appetite).
A Bull Call spread comprises buying one Call option with a lower strike price and simultaneously selling a Call option with a higher strike price.
Risk Management:
Stop Loss: Implementing a stop-loss strategy to mitigate potential losses in case of adverse market movements.
Position Sizing: Adhering to proper position sizing principles to ensure risk is managed effectively and in line with overall portfolio objectives.
Conclusion:
In conclusion, my journey into derivatives has been marked by challenges, opportunities, and unwavering passion. As I continue to navigate the intricacies of this dynamic realm, I remain committed to embracing the unpredictability of each trading day, knowing that therein lies the potential for continued success and growth.
Disclaimer: This trade idea is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Shadow of the candles turning a shade negativeNifty is fluctuating between Trend line 1 and Trend line 2 in the below chart. Trend line 1 forms the resistance and trend line 2 forms the support of Nifty. There is also a line in the middle of the two lines which will provide additional minor support for Nifty. The support for Nifty from here will be present at 22293, 22241 (50 Hours EMA support), 22061 and finally 221974. Below 21974 bears will try to seize the momentum of Nifty. Resistance for Nifty will be at 22433, 22469, 22512, 22604 and 22719 (Trend top resistance). Right now Nifty is in little bit of a correction/consolidation mode after hitting the trend top.
Ultratech heading down .?Is Ultratech heading down after touching all time high. ?
This stock has be consolidating from past 2-3 months and now finally gave the breakdown with good volume , But wait is it sustainable.?
10000 now looks like strong resistance for this stock and looks like it will further go downwards till 9316 and 9040 as per the fibs retracement level . But over all stock is very bullish
Disclaimer : This post is meant for education purpose do your own research before risking your account
In-Depth Analysis of Nifty Market Trends and Future PredictionsMarket Analysis Overview:
In this comprehensive analysis, we delve into various indicators and market dynamics to provide insights into the current and future state of the Nifty market. By examining key factors such as Dow Zone, SJX Nifty, trading volumes, option chain data, and the behavior of different market participants, we aim to uncover potential trends and opportunities for traders.
Key Points:
Market Trends and Predictions:
Anticipation of a decline in the Dow Zone and SJX Nifty signals a cautious market sentiment.
Significant shopping activities, totaling Rs 1834 crore, indicate investor interest, but underlying secrets within this data require closer examination.
Heavy call writing observed at the 22300, 22400 level, while substantial put writing at the 22300, 22000 level suggests a range-bound market.
PCR ratio of 1.15 and India VIX indicate mixed sentiment, with potential for both upside and downside movements.
Nifty's side suggests volatility, with the market oscillating between positive and negative territory.
Current Market Position:
Nifty market is currently trending at 22301, with a pivot level identified at 22376.
Buy reversal level stands at 22355.8, while the sell reversal level is at 22392.
Breakout level to watch for is at 22418, whereas the breakdown level is at 22337.
Potential Targets:
Lower side targets are identified at 22316 or 22307, offering potential support levels.
Upper side targets stand at 22432 or 22440, indicating potential resistance levels.
Trading Strategy:
Based on the provided levels and targets, traders can formulate their strategies as follows:
Long positions can be considered near the buy reversal level (22355.8) with targets at 22432 or 22440.
Short positions may be initiated close to the sell reversal level (22392) with targets at 22316 or 22307.
Traders should closely monitor breakout and breakdown levels (22418 and 22337, respectively) for potential trend confirmation and adjust their positions accordingly.
Continuous testing and confirmation of support levels crucial for sustaining positive momentum.
Market's ability to maintain above key levels essential for retesting lifetime highs and avoiding breakdowns.
Expiry Dynamics:
With Nifty expiry approaching, attention shifts to identifying key levels and zones.
Bottom zone creation indicates potential for market recovery, contingent upon successful testing of support levels.
Retailer, DI, and AI Strategies:
Analysis of retailer, DI, and AI positions reveals shifting market dynamics.
Retailers predominantly taking long positions, while DI shows significant purchasing activity, influencing market sentiment and direction.
Conclusion:
In conclusion, the Nifty market presents a mix of opportunities and challenges, influenced by various factors including global cues, trading volumes, and investor sentiment. By carefully analyzing technical indicators, option chain data, and the behavior of different market participants, traders can better navigate the market and capitalize on emerging trends and opportunities.
Note: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own research and analysis before making any investment decisions.
Nifty moving in squeezing between two trend lines. As you can see from the chart Nifty is continuously making higher highs and higher lows. There is a trend line 1 which is continuously supporting the Nifty. There is another trendline 2 which stops the Nifty while it is growing. As of now the trend is normal bullish within the trend line but if the trend line is broken on either side we will have a decisive move.
As of now Supports for Nifty are at: 22357, 22293, 22207, 22061 and finally 21947.
As of now Nifty Resistances are at: 22433 (Strong Trend line resistance), 22469, 22512, 22604 and trend top resistance near 22719.
Wipro 5th wave pendingWipro Given earlier few months back at 400 odds.. Now may be doing last move of this wave.. Can buy near 513 (can also show 507 as low ) & keep stop loss at 500 odds.. it can achieve 560-580 range in the nest 10-15 days. Risk reward seems great..
Nifty top: Through Trend Triangle and Fibonacci retracement. Let us try to learn today a dual way of determining a top of the current rally through two methods. The first method used here is Fibonacci retracement.
1) Fibonacci Retracement of Nifty to understand important supports and resistances. What we did here was that we took the past significant peak and valley. Through these points we did a Fibonacci retracement which has given us the following conclusion:
a) The probable top of Nifty seems to be near 23398.
b) Today Nifty has closed above an important Fibonacci support level of 22198. This will be immediate support for Nifty.
c) Other important support for Nifty will be 21084. (Long Term Support)
2) The next thing we can do to determine the possible top is try to connect top of the recent weekly candles and bottoms of recent weekly candles. While doing so can see that probable top of spot Nifty near 24359.
Thus through various models you can try to determine tops of current rally or trend. You can reverse the process and try find of the probable bottom in case of downturn.
Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NIFTY 50NIFTY 50 Support and Resistance Levels, Its look negative on hourly timeframe.
Nifty try to form double top pattern at there higher levels.
Neckline will play crucial level for support if its break, then we can expect level till the starting point of trendline.
Disclaimer: Its for educational purpose only do your own analysis before taking any position.
Nifty took support at the trendline+200 EMA support as expectedAs it was expected and depicted in our message yesterday Nifty took support at the trendline+200 EMA support making a low of 21860 and closing at 21982 making a high of 22060. We had mentioned as 22053 as resistance in case of bounce. The resistance of Mother line, 50 EMA forced the Nifty down again.(As shown in the encircled portion in the chart). This is how Technical analysis works and helps us with market and related predictions.
Future supports for Nifty: 21860, 21872 (200 Hours EMA), 21824 and 21674.
Future Resistance for Nifty: 22056 (50 Hours EMA), 22152 and 22229.
Nifty Approaching major support level in the free fall. We witnessed a free fall in Nifty today across the sectors. While the Nifty is falling freely a major support level of 200 hours EMA is approaching. Coinciding with 200 Hours EMA (Father Line) support is a trend line support which is near 21865. What seems to be the reason behind the market fall seems to be SEBI advisory to the Mutual Funds regarding their investment in small and mid cap companies to protect investor interest and and the need to rebalance their portfolio and take other measures. Next few days we will come to know the exact impact of the proceeds but certainly such an advisory when market is near the top will create a panic profit booking frenzy.
If 21865 is broken the next supports will be near 21824, 21674, 21533 or 21432 which seems to be the channel bottom.
If Nifty takes support near 200 days EMA and bounces from there the resistance levels will be at 22053, 22085, 22125, 22229 and 22281.
In case of market recovery the channel top seems to be near 22510.
