NIFTY Tomorrow for 6 Jan 2023Nifty 50 opens with a gap at 18087 vs the previous close at 18036.
Nifty immediate was resistance is at 18100-18125.
First Hour Candle did not take out the resistance nor the support, hence waited for further confirmation for new short trades.
Following hour prices did break the immediate support at 18030 and moved lower towards the next support levels around 17850
There is a formation of Cypher pattern on the hourly chart suggesting PRZ around 17900-17880.
Now what's for tomorrow
Today's candle is a bear candle with a long shadow, suggesting buying at lower areas and volatility may also rise.
The market might open flat or gap down tomorrow.
The market is near major demand 17850-17650, and rsi is also near 40 support hence careful with short trade positions, as we might see spikes.
Niftyanalysis
NIFTY 50 for Tomorrow 5 Jan 2023Nifty opens flat at 18230.
As we discussed in the previous post to go up, it should sustain 18230 levels , Though it did not sustain 18230 levels and slipped through the immediate support levels { 18180-18160 } in the very first hour suggesting weakness may continue in the rest of the session, further to the next support levels at 18100 - 18050
Shorts are initiated with a stop at the day's high or midpoint of the first-hour bear candle.
We saw weakness in the next hour and following, where prices tested 18100 - 18050
No bottom phishing at support, because different timeframes are not in alignment.
Resistance at 18100- 18130
Volatility may increase
One can sell aggressively if it slips below 18050-18030, where we could see it moving fast towards 17800 - 17650 levels.
Disclaimer: Trade at your own risk
NSE:NIFTY Analysis/Prediction for tomorrow Expiry 05-01-2022NSE:NIFTY Analysis/Prediction for tomorrow
If Price opens in Marked Zone
🟢 Buy CE above 18130
✔️ Target Should be 18230, 18330
🔴 Buy PE Below 17970
✔️ Target Should be 17830
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY 50 for 4 Jan 2023Nifty 50 opens gap down at 18163 vs the previous close at 18197.
Post-opening prices didn't move lower and recovered in the very hour then went sideways only to close near the day's high.
In short, the day was sideways with a positive close.
What's for Tomorrow
Bullish Bias
Flat or gap-up opening
Immediate support at 18160-18180
Sustaining above 18230, nifty can move towards 1850-18380 levels in no time.
NSE:NIFTY Analysis/Prediction for tomorrow 04-01-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/Gap-Down Opening
🟢 Buy CE above 18250
✔️ Target Should be 18350
🔴 Buy PE Below 18160
✔️ Target Should be 18080, 18000
For Gap-UP Opening
🟢 Buy CE above 18230
✔️ Target Should be 18350
🔴 Avoid PE
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Nifty long and short strategyNifty Buying only = above 18302.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
Good Start to the New year by NIFTYMarket Outlook:
NIFTY has formed a good positive candle on the first trading day of the New year and the positivity can continue if there is no negative global cue during the week. Overall Nifty on daily charts has formed a candle similar to ‘Bullish Harami’ pattern, indicating some positive bias in the investors. However, 18301 to 18389 zone is now a strong resistance as shown in the chart.
Major Support Levels: 18084, 17993 and 17777.
Major Resistance Levels: 18257, 18301, 18389 and finally 18473.
Nifty 50 Bull Night Level 03.01.23Nifty 50 Support And Ressistance Its My View
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
NSE:BANKNIFTY
NIFTY 50 for 3 Jan 2023Nifty50 opens with a gap today at 18131 vs the previous close at 18105.
Today formed a bullish candle closed near the day's high.
The price structure looks good and may continue to go up further to the next resistance level.
The next resistance is at 18385- 18420.
Immediate support at 18100
NSE:NIFTY Analysis/Prediction for tomorrow 03-01-2023NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-UP /Gap-Down Opening
🟢 Buy CE above 18265
✔️ Target Should be 18400
🔴 Buy PE Below 18124
✔️ Target Should be 18000
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Nifty long and short strategyNifty Buying only = above 18302.
Nifty Selling only = below 18073.
It's the analysis with paid atm machine indicator on hourly chart.
🌈 Advice: 1.) Take reversal trade near these levels, or
2.) Wait for Breakout and Sustainability.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺