Nifty50analysis
Nifty levels for 22nd JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Nifty lifetime high comparison with Dec 1 2022Nifty 50:
Bank Nifty :
Nifty IT:
HDFC:
TCS:
INFY
Kotak:
This is the comparison of the major stocks, Nifty IT and Bank Nifty and current levels of major contributors.
Dec 1 2022, Nifty's was majorly from Nifty IT and from Bank Nifty.
Nifty IT was at Life time/ 52 week High and NIFTY Bank was also at almost 52 week high.
Current scenario:
As you can see currently none of the major stocks are near 52 week high or life time high.
Nifty's current contribution is only from sectors other than the major contributors.
Even without the support and even pull back from Banknifty and IT, there is no much fall in today's session even after almost reaching all time high.
There could be a breakout when there is a small push from Nifty IT and and Bank nifty.
Good thing is currently Nifty is respecting the trend line and closed above the trend line with a small pull back. However good OI is added in 18850 and 18900.
Note: This is only for educational purpose.
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Soft Landing of Nifty after Karnataka Election Results. Nifty made a soft landing after Karnataka Election results. Despite Global markets performing well Nifty had a subdued week. After starting the week well, the rally simply could not sustain the upper levels and continued to slide.
Bollinger Band and Daily chart technical analysis shows Friday low of 18060 and 18107.5 as strong support for Spot Nifty. Below these levels if 18060 broken Nifty can slide further to 17873 and 17636. The zone between 17636 and 17675 is strong support buffer zone. Resistance on the upper side will be at 18293, 18458 and 18539.
Nifty50 Short update The entry has been hit precisely. I would not move the stop loss just yet, until we break below the wedge and stay under it for a day or two. This could be a swing short, so a bit of patience is required to reap good rewards.
Bank Nifty 3rd Jan Market PredictionHey Guys,
This is a chart analysis for 3rd Jan and 4th Jan which is expiry. It is standing at a very crucial level now. here two things can happen.
1. either make it or break it tomorrow.
2. or follow the same pattern like wise it is doing since friday and then burst out on either side on Thursday.
Be Neutral and follow the price action, you'll be able to catch the trend and make the profit.
Keep Making profits.
Note : This is only for education purpose who wants to learn the market trends, styles, charts etc.
Thanks
NIFTY 50 - Trend Lines (8th Dec Exp)NIFTY 50
- If Candle Breaks & sustains Green line (above / Below) then the target is next green line
- If Candle Breaks & sustains Blue line (above / Below) then the target is next Blue line
Market Range
High Range: 18780 - 18920
Mid Range: 18640 - 18780
Low Range: 18500 - 18640
caution:
cannot guarantee the accuracy of the data & it's presentation
stock market investments are risky by nature so we are not responsible for
your losses or profits, and your returns will depend on
your own personal trading methods only.
NIFTY 50, WAVES(THIS MONTH)!!although nifty 50 has crossed 18000 previously in its 3rd wave, it will reach its new all time high in 5th wave. nifty 50 is following the waves very greatly. i had previously drawn waves for bull run and updated you till 3rd wave. now here's an update for the 5th one.
i have explained each and every trend line , bull run in my previous nifty 50 analysis, and i will link it below, you will understand my analysis more understandingly, after reading the description of those analysis.
nifty is already in a bull run, this bull run is carried in 5 waves, and now we are in the last wave of it.
let see what happens after that...
Nifty 50 Intraday Trade Setup for 19th July 2022Nifty50 Index on Monday kept on the momentum after a gap-up start to eventually close around its recent swing high of 16,275. India Vix also cooled off by 2.5% to 17.16.
Daily TF
The index gave a breakout and re-test of the downward dynamic trendline resistance holding the downtrend. The index is still making higher lows taking support from 15,900 levels (B point of XABCD), and the XABCD pattern is still valid. The index is now trying to break its recent swing high (B point of ABCD pattern), which will activate the ABCD pattern (confirmation above 16,300/20), and the upward momentum can continue till 16,600 levels.
Key levels
Support : 15,900
Resistance : 16,612-16,683
Intra Day (30 Mins)
The index is now trading at crucial resistance of 16,280 (Harmonic PRZ and Previous swing high), and a break out will be confirmed if the Index sustains 16,300 levels with support at 16,200 (which was respected twice yesterday).
SGX Nifty is currently suggesting a gap down opening, the entire unfilled gap area will act as good support, and we will follow the 30 mins range break strategy.
#Nifty || 13th July 2022 || Falcon Trader Analysis for #Nifty50Price time trend change lines that I show you are for your eyes only.. don't share with any one else .. shhh..
Share with people, it works! Price time trend change by Gann method helps us to find time when we can plan a trade based on price time change. When we reach these points we can use Falcon Trigger Line method, that is if we have to short, wait for red candle close below green candle for trend change confirmation and if we are going long then wait for green candle close above red candle around this price time trend change line.
The vertical line in red colour is from 1H.
Falcon wave count is clear, if you have any doubt then message or drop a comment.
So let's dump and then find some base.
How to trade this,
Now if we have gap down (may be) - then it will be quick because next we have a small upmove for internal 4th wave so plan accordingly.
Last time 5th wave was really fast - so look back at past data - I will only look for short till we reach Wave B and then go long in wave C.
Nifty || 31st May 2022 || Falcon Trader || Daily Analysis Have mentioned in previous posts as well, we will test the puprle level indicated in the chart, a pull back only to move higher? - Time will tell.
For now we trade on this pull back with target of 16400 levels.
This is a neutral trade, once we reach 16400 levels then again we can go long for further higher targets and eventually we have to short from the top again.
I don't thing we have reached real bottom yet and therefore this is just a blessing for traders - another easy opportunity to trade and earn profits.
Use stop loss.
Nifty Intraday Update for 27th April 22ifty 50 Index reversed the previous day's losses yesterday on positive global cues with all sectors participating in the rally. Volatility (India VIX) also cooled down to 19.18 but needs to fall way below the 18-mark to make the bulls comfortable. After gap-up opening, Index traded in a range throughout the session, extending the rally late and closing at 17200 levels.
India 50 USD Index Analysis (Intra-day)
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The last couple of sessions have been tricky, with frequent gap down/up openings, apart from the sudden intraday moves in both directions and today’s session will be no different. US Markets fell significantly as fears of an economic slowdown continued following Monday's short-lived recovery. Taking cues, Index fell sharply overnight, again taking support at 16850 levels (important support for the week), made a sharp bounce and is currently trading at an important psychological level of 17000. 17070 and 17250 is likely to be important resistances for the day. The downward momentum will continue below 16850.
Since SGX Nifty is trading significantly lower, we are likely to open with a gap down , Index is gonna volatile in intraday so wait first 30 to 45 minutes to build your intraday.
India USD Daily TF
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16,852 is the major support for the Index and it has already created a double bottom at this price, our ABCD pattern will be activate id this level break.
NIFTY Unable to cross critical resistance again. Yet another day when both FIIs and DIIs were buying NIFTY not able to cross critical resistance. NIFTY today made a high of 17559.8 and ended in negative 17464.75 which is 33.5 points lower than yesterday's close. The markets are indecisive about direction the rally will go on or halt for a while as consolidation continues. Supports on the lower side will be at 17390, 17123, 16988 for now. Resistances on the upper side will be near 17560, 17628 and finally 17778.
Nifty 50 - a perfect opportunity to shortNifty 50, Elliott Wave counts shows down trend marked in the chart.
We can see lower levels taken and final target can be below 15000 Levels if this continues. There is no strength in buyers. With continued FII selling, it is becoming very clear that we have not reached bottom yet.
Follow me for more charts like this on NIfty and Crypto.
Important Trend Change dates, 11th March , some bounces around 15th March and then continued selling.