Nifty50_price_targets
TATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVELTATA STELL MAY RETEST 800 LEVEL
Nifty 50 Intraday view and trade idea for 15th February 2021Good Morning everyone,
Hope you guys have enjoyed your weekend and ready to start a new week. Last week we had seen a sideways market, The index has traded in the range. the range is high 15,250 and low is 15,000. There is very little room in upside because of harmonic PRZ. 15,400 to 15,500 the whole area is a supply zone and Index still has 200-300 points. Swing traders must be careful at this point for their position sizing.
Trade Setup
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Long
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India 50 is trading on a positive note around 60 Points up from the previous closing .so we can see a gap up opening today but you guys need to consider buying only above 15,260. Very little room on the upside as 13,400 to 13,500 is the resistance area followed up with Harmonic PRZ so be alert on Buy-side and buy only above 13,260. Above 13,2600 will give a confirmation to the breakout for the last week range and the index can test their resistance 13,400 to 13,500 in this week
Short
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Short only if Previous low break in the hourly time frame which is 15,080.
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
Nifty can Reverse Nifty can change the trend any time sooner.
not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp...
symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
Nifty Intraday Trade Setup for Friday 16th October 2020Good Morning everyone,
Hope you guys did well in yesterday's trading session and made a good buck. Yesterday fall was massive and target killers. Index fall was accepted from 12000 levels but to be honest I never think that it will be so huge and so straight. Bear always does this that's why I love Bear Market :) The main question is what about today's trading session, Well short-term correction is on and we can see a little more correction from here but the main question is what is our entry point for today's trading session...
Marked all stairs which were used in the bull run These stairs aka support can be used in the downside as well. Remember 11550 to 11600 is the major support in midterm so book you positional short at this level. Higher chances for a pullback or trend continue. Index short, Mid, and long term is an Uptrend so don't be nasty with your short and keep booking the profit.
Intraday View
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We can see a small gap up Opening today but does not mean that will change the yesterday sentiment for now Index is short. We need to watch the 1st Trading session and see what will happen. The index is short in today's Intraday and you just need to wait for it.
Levels
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Today is only selling position and it has 2 points to build your short Position.
1st Sell Position: 10,640
Stop loss: 10680
Target and room in downside: 11580
Second Sell Position
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Tricky but worthy. Wait a first Trading hour and see the pullback for the previous swing low and wait for test the stairs no 11 which is an Intraday Resistance. The level is 11740-11760 short from here
Stop loss: 11800
Target and room in downside: 11670
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
Nifty 50 Intraday Trade Setup for 24 August 2020Good morning everyone,
In the last trading week, we have seen a sideways market. Momentum and direction both were missing in the nifty 50 Index. this is an indecision point to tell what our nifty will do this week. Possibilities on both sides and Index can give any move either upside or downside. The important thing is what you guys need to do at this point and what not do. First, stop chasing the trade and do not fight with the Market. There is no trade and you guys need to accept it. Let's talk about key factors for today's trade setup.
Key Factor
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1-Union Minister said that the country will have a vaccine against the deadly coronavirus by the end of the year. India currently has three vaccine candidates for Covid-19 -- ChAdOx1, developed by Oxford University, manufactured jointly by the Serum Institute of India and AstraZeneca; Bharat Biotech's Covaxin, jointly developed with the ICMR, and the third is ZycovD by Zydus Cadila.
2-SEBI’s decision to appoint GP Garg as ED has sparked a "strong protest" from the market regulator’s employee association, which has objected to the practice of appointing outside persons or those from non-core streams.
3-India is poised to hire Deloitte & SBI Capital Markets Ltd. to help LIC of India prepare for an initial share sale. The Govt is keen to go ahead with the IPO, potentially India’s biggest to help plug a widening budget gap.
4-The country recorded 69,878 new coronavirus cases in the last 24 hours, taking the total tally to 29,75,70. During this period, 945 people lost their lives due to Covid-19 infection, taking the death toll to 55,794.
5-The RBI suggested bringing down the Govt’s stake in six leading PSBs to 51% over the next 12 to 18 months. This, the regulator feels, will give a much-needed push to the Govt’s disinvestment efforts.
6-The RBI is at the end of its rate cut cycle as inflation is unlikely to decline materially from the current level, and the onus of economic recovery has now shifted to the Govt.
7-SGX nifty is trading on 11419 which is 36 points up from the previous closing. Flat or small gap up is Possible.
Technical View & Trade Setup
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Friday range (11420-11360) is so Important and you guys need to avoid trade btw this range. You can call them as Intraday resistance and support and our long and short can build on these levels. Nifty Strongest resistance on 11750 and support is on 10900. Sell the bellow image to understand the support and resistance in a longer time frame
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
NIFTY 50 IN CHANNEL ON WEAKLY BASIS WE CAN SEE THAT NIFTY IS MOVING IN CHANNEL WHICH SHOWS THE RANGE OF NIFTY 50. ON DAILY BASIS NIFTY OPENED HIGHER BUT IT WAS UNABLE TO SUSTAIN THAT LEVEL AND IT BROKE DOWN TO THE LEVEL OF 11242 AND AT THE END IT MANAGED TO REGAIN SOME OF ITS LEVEL.
WEAKNESS IS STILL THERE IN NIFTY 50 CURRENT MOVE.
EDUCATION PURPOSE ONLY.