Nifty 26 Dec 22 to 30 Dec 22 ST MT LTNifty 26 Dec 22 to 30 Dec 22 Short ,Medium and Long Term
Nifty closed at 17806 with touching peak 18453 and low 17779
Nifty was highly volatile last week due to covid threat.
Nifty broke the short term support of 18000 to 18100.
Nifty under key support trendline as mentioned in last week.Nifty is in crucial 50 %retracement level of 17817 and 17840 MA 50 level.
It should bounced back to 18000 to 18100 level in the coming week.
MACD signal is down and need to sustain for reversal. Good thing is RSI and stochastic is in over sold position.
If it falls below the current level, the next support is at 17564/ 17472 fib 0.618 retracement and 17447 MA 100 level is crucial.
If sustain above 18100 in the coming week , then next target of 18430 achievable in the following weeks. On continuous sustain abive this level can take to medium term target 19500.
Budget is in the cards for medium term. Much to expect for policy change and can take to this medium target.
Niftyanalysis
NSE:NIFTY Analysis/Prediction for tomorrow 26-12-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-UP Opening
🟢 Avoid CE
🔴 Buy PE Near 17950
✔️ Target Should be 17820
For Gap-Down Opening above 18000
🟢 Avoid CE
🔴 Buy PE near 17800
✔️ Target Should be 17570
Buy CE only if one hour candle closes above 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.
Nifty50 Trade Setup for 26 DEC 2022NSE:NIFTY
Disclaimer :
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:NIFTY Analysis/Prediction for tomorrow 23-12-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-UP Opening
🟢 Avoid CE
🔴 Buy PE Near 18260
✔️ Target Should be 18000, 17800
For Gap-Down Opening above 18000
🟢 Avoid CE
🔴 Buy PE near 18050
✔️ Target Should be 17800
By CE only if prices sustains above 18285
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.
Will nifty fall or sustain Indian shares extend losses on COVID, inflation worries
Dec 22, 202216:01
Indian shares extended fall for a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation, while fears of a COVID resurgence weighed on sentiment.
The Nifty 50 index
NIFTY
closed 0.39% lower at 18,127.35, and the S&P BSE Sensex
SENSEX
fell 0.39% to 60,826.22.
Dow Jones falls 750 points after job data
#NASDAQ 3.51% down
Next possible levels
~Support
As per option chain 18100 ,18000 ,17900 seems to be an important support zone
Every above level is a resistance
Gapdow and sustains then we can scalp for 18100-150
Gap down and closes 15min candle below the support region we can short till the support zones
Nifty Important levels and trade plan for Friday, 23rd DecemberNifty continued its downtrend today, with a fall of just above 70 points in daily time frame, and we finally have reached the last week of the year 2022. And according to statistics, we may expect a non-trending upcoming week, and we will plan our trade accordingly.
For tomorrow, between 18194 and 18146, we will avoid directional trade, however if Nifty opens between these tow levels will start a non-directional trade up to the expiry.
After nifty crossing either side of this zone, with a price action will go for bullish or bearish trade. For bullish trade our quantity will be limited, and for bearish trade below 18066 will go with full quantity. For upside 18267 and 18320 will be the targets, and for downside, 18066 and 17980 will be the target levels.
For a flat opening, we may expect a sideways market, toggling between support at 18066 and 18146, and in that case, we can create one credit spread and after based on price action may complete the other leg near resistance levels. Same will be the planning for any opening above 18194 but starting with opposite direction.
After flat opening, if Nifty crosses 18066 level, we may expect some fall, and then we may go for directional bearish trade up to 17980.
OI data is neutral, and coming to a conclusion based on this data is little difficult.
**All support/resistance levels depend on PDH/PDL, breaking either side may change the levels plotted*
**Time of plotting the levels and planning 22nd December, 4:15 PM**
***Personal opinion, not a trading advice***
NIFTY want get away from this channelNIFTY 30 min chart. If you notice, NIFTY is trying to break the pattern by not coming down enough (yellow line) to maintain the structure.
If it's not happening here, then there are more chances to follow the world market. Just for education purpose. Trade accordingly.
Possible move in NIfty & Bank nifty, Not an intraday Setup Friends,
here with i have shared view on possible move of nifty and bank nifty in coming days. we may see some more sessions of ups and down in both index,
Banknifty - Clearly in a bearish trend now but still if we move above 43k then trend may change.
Nifty Hourly Trade Plan for 22 Dec 2022Nifty Hourly Trade Plan for 22 Dec 2022
Hourly Trend - Down
Scenario 1 : Gap up
Action - Wait for Upper resistance levels to Short for the target of lower end of the channel
Scenario 2 : Gap Down
Action - Wait for lower support levels to buy for the target of mid range of the downward channel and Short again for the lower end of the channel
NSE:NIFTY Analysis/Prediction for tomorrow Expiry 22-12-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/ Gap-UP Opening
🟢 Buy CE above 18290
✔️ Target Should be 18380
🔴 Buy PE below 18170
✔️ Target Should be 18100, 18000
For Gap-Down Opening (Above 18100)
🟢 Avoid CE
🔴 Buy PE Near 18230
✔️ Target Should be 18100, 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 levels for 22nd December 2022As expected Nifty fell from the neckline of the h&s pattern formed on the daily chart. Took 18500 Pe @75 and booked at 300+. Nifty can touch 1790p levels in coming days.
White lines are the pivot zone. Upside tgts are the green lines. Downside tgts are the red lines.
Nifty 50 for 22 December 2022#nifty50
1. Daily Chart
Opens with a slight gap
Did not sustain
Closed near day's low
Formed Bear Candle
Expectation for tomorrow
Gap down or flat opening
Sell on rise
Resistance @ 18400-18420
2. Hourly Chart
LL, LH structure.
Immediate resistance 18260 - 18300.
Sell on Rise
If we see a pull in the initial hour, watch for a sell signal near resistance.
There is a possibility that we might not see a pullback tomorrow,
Nifty Important levels and trade plan for Thursday, 22nd DecembeIn daily time frame Nifty is bearish after today’s fall forming an engulfing candle, and we may expect a continuation in current trend, but not too deep, unless there is no other external impact, and will depend purely on the tomorrow’s opening.
18477, 18385, 18315, 18238 will be the important levels of concern in upside, and 18162, 18115, 18061, 17981 will be the levels in downside. Tomorrow will avoid a directional trade between 18315 and 18238.
Now, if tomorrow, Nifty opens flat or slight gap up below 18238 we may expect the continuation of downtrend, may enter into bearish trade, with limited quantity up to 18162, and below 18162, can go with full quantity.
For upside move, we may enter into bullish trade above 18315, based on price action in 15-minute time frame. And accordingly, may expect reversal from 18385 or 18477.
Similarly, a reversal can be expected, from 18061 or 17981, and we may plan our trades, based on price action if Nifty reaches those levels tomorrow.
Though Oi data is negative but Nifty still has some breathing space in both directions, with considerable open interest present in 18300 to all upside levels and strong OI support at 18000 level.
So, in first half, if Nifty tries to move upside, then we may expect a strong resistance, so can expect a quick reversal, but if after opening, it started a downside move may expect the move to continue quite some distance.
**All support/resistance levels depend on PDH/PDL, breaking either side may change the levels plotted*
**Time of plotting the levels and planning 21st December, 9:25 PM**
***Personal opinion, not a trading advice***
Nifty Buying and Selling#NIFTY50
Nifty Buying = above 18355.
Nifty Selling = below 18260.
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.☔
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@OhoTrading
NSE:NIFTY Analysis/Prediction for tomorrow 21-12-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Buy CE near 18315
✔️ Target Should be 18415, 18500
🔴 Buy PE below 18300
✔️ Target Should be 18250, 18120
For Gap-Down Opening above 18330
Considered as Flat
For Gap-UP Opening Below 18430
🟢 Buy CE Near 18385
✔️ Target Should be 18500
🔴 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.