Get started

Niftyanalysis

Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100 -After that we can expect new wave cycle from there but we will discuss it when the time comes Hope this idea was helpful & good learning experience
NSE:NIFTYShort
by mr5476
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously. today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves. therefore this analysis even says that US markets will also recover very soon, and will give its bull run.
NSE:NIFTYLong
by raghavchoudhary2016
2
Nifty Gapping downToday expecting nifty to gap down arroung 90 to 100 points. Cause of concern is the lower demand zone is getting weakening as the price hitting the floor again and again if this remains continue we will soon going to see 17400 levels. Last week after getting good profit at present i have only holdings in DEMAT and no live positions. May be today or monday going to play with weekly expiry as the market permits or the conditions may be. My favourite lines which i use here is " EK TRADER KA KOI DEEN MAJHAB NHI HOTA". They just do according to market conditions.
NSE:NIFTYShort
by r7888911518
Nifty Important levels and trade plan for Friday, 23.09.22Nifty is currently in a downtrend, with a probability of correction tomorrow, and below are the important support and resistance levels. Possible resistance- 17727, 17842 and 17941 Possible support- zone between 17562 to 17544 (SZ1), 17457 to 17438 (SZ2) and 17300. Will plan for bearish trade below no trade zone, with half quantity, and tight stop loss, and below SZ1, will go with complete quantity. From SZ1, we may expect a reversal, and in that case also may plan a bullish trade, but with half quantity only. Now, above no trade zone also may go for bullish trades, but quantity will be limited, up to 17727, because from this level we may expect some corrections. For huge gap down opening, near SZ1 or even below SZ1 also, we will have to wait for initial corrections and profit booking, and will enter into a trade according to the price action. Will not consider OI data today. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 22nd September, 9:25 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
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...
NSE:NIFTYLong
by raghavchoudhary2016
Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100) -Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed -Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :) *This theory gets invalidated if today's high is broken* Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
NSE:NIFTYShort
by mr5476
Nifty Important levels and trade plan for Wednesday, 21.09.22Current trend of Nifty- Correction of a downtrend. Possible resistance- 17946, 178035, 18102 Possible support- 17695, 17620, 17453 No trade zone- 17848 to 17799 For flat open will enter trade after breaching either side of no trade zone, for bearish trade after breaking the low of first five-minute candle and for up move must break the upper level of no trade zone with a price action. For up move, there is a possibility of reversal below 17946, so, will trade with limited quantity and tight stop loss up to this level, but above this level, we may go with full quantity, for bullish trade. In downside, up to level 17453, there is a possibility of reversal, so, in downside will trade with limited quantity, and tight stop loss. OI statistics are neutral to bullish, with highest OI in PE side at level 17600 and for CE highest OI is at 18000 and with considerable OI in 17800 level on both CE and PE side. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 20th September, 4:35 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
Nifty Gap-Up OpeningNifty expecting to GAP-UP today with arround 130 to 150 points. As if now the open intrest data showing +ve trend and depending upon this trend & there level's we would see nifty going till 18000 and to lower side breaching 17500 levels is little bit difficult at least for this and next week expiry. This week Positions I have sold on Thur 650 qty 22Sep 1700 PE 150 qty 22Sep 16900 PE 300 qty 22sep 18100 CE (This i have already booked in profit) A bullish position made on Friday: Buy 1Lot Sep 17600 CE Sell 1Lot Sep 18000 CE
NSE:NIFTYLong
by r7888911518
Nifty Levels & Strategy for 20/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting. Highest open interest on call side at 18000 (Shifted down from 19000 to 18000) Highest open interest on put side at 15000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Nifty Important levels and trade plan for Tuesday, 20.09.22Current trend of Nifty- Correction of a downtrend. Possible resistance- 17703, 17779, 17853 Possible support- 17445, 17369, 17293 No trade zone- 17703 to 17574 (no directional trade) For flat open will enter trade after breaching either side of no trade zone, with a price action. For gap up opening between 17703 and 17779, will plan a trade for up move continuation, with limited quantity, and tight stop loss. Above that level, will try to find a reversal. For gap down opening, below 17752, will plan for a downside trade with tight stop loss and limited quantity up to 17445, after crossing this support level, will enter trade with complete quantity. Between no trade zone, will plan to create a short strangle, depending on price action, and other parameters. OI statistics are neutral to bullish, leaving some space for Nifty to move, with highest OI in 17500 in PE side and considerable OI at 17900 and 18000 levels in CE side. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 19th September, 5:50 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
4