Niftyanalysis
Nifty Important levels and trade plan for Thursday, 01.09.22After yesterday’s rally in Nifty and SGX nifty as well, today SGX Nifty made a fall of almost 300 points and currently it is 280-point negative than yesterday’s closing, and is near an important support level, So we may expect a little correction in its level. So for tomorrow, we will not consider any scenario of gap up opening in Nifty.
Now, though huge but still we will consider the range between 17776 to 17586 as no trade zone, especially for directional trading, as we can see the daily CPR in this range, along with monthly CPR, and weekly CPR as well.
If Nifty opens in this zone, then we will wait for Nifty to cross either side, and enter into a trade accordingly, will buy after crossing 17776 level and will short if crosses 17586. For upside 17965 will be the maximum level of resistance, and for downside, we may consider 17475 and 17343 as important level of support. If nifty opens huge gap down, as we cannot deny the probability, then near any support level with one bullish candle we may go for a long trade. For opening in no trade zone and crossing it downside, it will be better for us to enter a trade with a price action.
If nifty closes below its monthly CPR tomorrow forming a bearish candle, then we may again expect to see some downward move in coming days, but a closing above the monthly CPR, and we will need to be ready for a bull run.
18000 has highest OI in CE side followed by 17700 and in PE side 17500 has highest OI followed by 17300, So, from this figures, we may cone to a conclusion that, if tomorrow Nifty opens above, 17500 then this level will act as a huge support and then we may see 18000 levels also, but below 17500, 17300 will only act as major support, same is also indicated by the chart.
Daily Central Pivot Range from 17702 to 17589
Weekly Central Pivot Range from 17551 to 17535
Monthly Central Pivot Range from 17697 to 17573
*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 31st August, 5:30 PM**
***Personal opinion, not a trading advice***
#NIFTY50
17166 proved to be good support in weathering Powell storm17166 proved to be good support in weathering Powell storm. After taking a support at this range we have seen a bounce in Nifty which is nearing it's critical 50 hours EMA resistance. It can also be seen in the chart that this zone is mid channel resistance for the channel ini which Nifty is travelling from around 10th of june. Immediate Supports and resistances are:
Supports of Nifty : 17495, 17392 and 17259, 17166 and 17026. Final support should be considered at 16950.
Bear Grip of Nifty can strengthen below : 16723.
Resistances of Nifty : 17548, 17589 and 17736.
Sell Nifty below 17540 target17390/17260/17060 stop above 17650Nifty is showing rejection from the higher levels and with Fed latest comments the interest rates will see a sharp spike and the result will be felt by the economy especially certain rate sensitive business will feel the "pain". Technically also any sustenance below the levels of 17540 will open give some more pressure to nifty. From the indicators point of view the RSI is also weakening and EMA & SMA Crossover also hinting the same.
Don't miss Nifty Bull Run Single target 18500+Don't miss Nifty Bull Run Single target 18500+
1) #Nifty Eliiot Wave IV Complete here
2) nifty we can touch 18500+ level easily in coming weeks ~
3) wave V Running
Note:- Safest entry 17475 above after flag breakout
Any quarry comment below
Nifty Levels & Strategy for 30/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
Global cues are quite negative. FIIs sold in cash as well as F&O contracts by -6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. India VIX has jumped up by 8.83%. Crude started boiling again. US Dollar & US 10Y bond yields are maintaining at quite high level.
Shall continue to look for sell on rise opportunities till global market sentiments remains negative?
Please do share your comments. Have a happy, healthy & profitable day ahead!
nifty50 View ~~ short below 17750 & long only above 17800#nifty50 Prediction for coming days:
Correction not done, my view still Bearish:-
1) Best shorting level 17700-17720 for tomorrow
2) Postillion long only above 17800( invalidation level)
3)#Nifty will touch again LL level (17188) in coming days
Wave Analysis
wave 4 correction still running
today we see one good move in up side this was b wave
after done maybe we can again see 17200 levels
Note :- After wave 4 correction we see 18500-19000 levels in coming months
Nifty Important levels and trade plan for Tuesday, 30.08.22Nifty today opens huge gap down and provide a correction on daily time frame to a downward trend, and we may see continuation of the same downward trend in coming days.
For tomorrow, we will consider the range between 17376 to 17280 as no trade zone, if Nifty opens between this zone and then after crossing it in downside, we will enter into a bearish trade. 17167, 17074 and 16918 will be the important support levels. In this kind of setup, we will enter the trade with full quantity. Now if opens below this zone, then we will wait Nifty to reach to a particular support level (17167/17074) and there depending on price action we will go for trade, but if Nifty reaches 16918, then we may go for bullish trade, depending on time and RSI, again with limited quantity, and with tight stop loss.
Similarly, if nifty crosses 17376 level after opening in no trade zone, will enter into bullish trade, but again with a limited quantity and with trailing stop loss at every step. 17487 and 17624 will be the resistance levels. For any opening near the resistance levels, will definitely search for shorting opportunity.
If we see the OI data, 17700 has highest OI in CE side followed by, 17500 and 17000 and 17300 has almost similar and huge build-up of OI in PE side. So, for tomorrow, Nifty may initially go upside, but resistance plotted near 17500 must work as solid level of rejection.
Daily Central Pivot Range from 17299 to 17273
Weekly Central Pivot Range from 17551 to 17535
Monthly Central Pivot Range from 16886 to 16341
Important note- Holiday on Wednesday, will make some impression in option premium, so buyers may need to be careful.
*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 28th August, 5:50 PM**
***Personal opinion, not a trading advice***
#NIFTY50
Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction.
As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds.
Below 17300-17400 range nifty is likely to fall aggressively
NIFTY SEPTEMBER ANALYSISWith Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022!
With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels!
17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
Nifty next moveNifty has reached to its saturation.. now it could be seen drop by 500 to 800 points... nifty cmp is 17550, next could be...17490, 17390,17171... there will be gap up first on Monday...as some volume seen at last of the session...so don't get trap on up side...trade wisely...
It's just an aducation purpose...
Nifty AnalysisNifty trend analysis for next week
Wait for Trendline Breakdown
Only for educational purpose.
Nifty levels & strategy for 29/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
NIFTY
Nifty is up by 36 points. However, Nifty closed almost flat, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone.
Highest open interest on call side at 17700 (Shifted down from 18500 to 17700)
Highest open interest on put side at 17000 (Remained same at 17000)
BANK NIFTY
Bank Nifty is up by 36 points. Bank Nifty closed almost flat, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone.
Highest open interest on call side at 39500 (Remained at same level)
Highest open interest on put side at 39000 (Remained at same level)
Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome?
Shall now look for only sell on rise opportunities till global market sentiments remains negative?
Shall we expect decent profit booking after significant one way relief rally which almost became bull run now?
Please do share your comments. Have a nice weekend and wish happy, healthy & profitable Monday!
Nifty Important levels and trade plan for Monday, 29.08.22
Currently SGX nifty is almost 200 point negative and is near an important support zone, so we may see some correction in it but still we may expect Nifty to open slight to huge gap down only.
Previously, nifty was in a consolidation phase of a downtrend, and with a gap down opening we will consider the continuation of the down trend, and will plan for bearish trades only. However, if it reaches a support zone near 17337, we may go for bullish scalping trade.
If nifty opens flat, then after crossing 17550 we will enter into bearish trade, targets will 17479, 17409 and 17337. For Opening below 17479, we will have to wait for profit booking and correction in RSI and then according to conditions, will try to ride the trend. Same will be the scenario, for an opening near 17409 support level. However, near 17337 support zone here marked in green will not wait for price action, and if Nifty forms any bullish candle will enter into a bullish scalping trade, considering previous support levels as targets- (reason for bullish trade-it is an important support level in weekly time frame). Again, for an opening below the mentioned support zone we will wait for price action only, before entering into a trade.
17700 level has highest OI in CE side, but after a huge gap down opening it will not matter much and same will be the case with 17500 level which has the highest OI in PE side, and if Nifty opens much below this level then this level will not carry any importance, and then 17200 will be the next important level with second highest OI in PE side.
Daily Central Pivot Range from 17602 to 17573
Weekly Central Pivot Range from 17551 to 17535
Monthly Central Pivot Range from 16886 to 16341
*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 27th August, 9:20 PM**
***Personal opinion, not a trading advice***
#NIFTY50
more correction in the market ?? as you can see in 15 min nifty is creating a lower low so we can say it's in the downtrend so don't go for a call side unless you see the first 15min candle bullish short below the 17421 for safe all the best for monday
AdaniPort Both side move possible~Short 850>770 & Long 770>950 AdaniPort
Elliot wave analysis
1) (a) 1 Day time frame Wave 4 Complete and Wave 5 start this time
(b) Wave 5 Target 1012-1050 Around
2) 2 hour tf Wave 1 Done & this time Adaniport at correction mode
(Wave A Done, B wave Still Running, Wave C coming soon)
3) Big opportunity for inverters those miss dip entry
Swing Trades ~~
1~ Short 850-870 Target-798 &770
2~ Long Around 770-800 Target 1012-1050
Note:~~ 890 chart Invalidation Level
nifty This is about nifty's bullish rally will it continue to make ATH(all time high) or it ll fall for a little correction and then start a new rally towards the ATH what's your point of view on this
Nifty could not hold above 50 hours EMA.Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week.
Supports : 17484, 17346, 17246 and finally 17021. Below this level we can see a free fall towards 16900-16445.
Resistances : 17625, 17719 and 17988.
NIFTY INDEX (BUY)...4% MOVEfundamentally the indian stock market is experiencing a big move from the largest companies, technically i see NIFTY to 18220 per share price value.
HOMEFIRST ~ Rounding coup and handle pattern- 550, 570+HOMEFIRST- in coming weeks i think make new higher highs..
at time HOMEFIRST make coup and handle pattern.. maybe HOMEFIRST next touch channel trend line
550, 570 i guess coming soon
Nifty levels for 26/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
NIFTY
Nifty is down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone.
Highest open interest on call side at 18500 (Shifted up from 18000 to 18500)
Highest open interest on put side at 17000 (Remained same at 17000)
BANK NIFTY
Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone.
Highest open interest on call side at 39500 (Shifted down from 40000 to 39500)
Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED
Shall we expect trending market tomorrow after Jackson Hole meeting outcome?
Please do share your comments. Have a happy, healthy & profitable day ahead!
Nifty Important levels and trade plan for Friday, 26.08.22On daily time frame Nifty formed a bearish engulfing, and we come to a conclusion in the beginning that tomorrow we may see the continuation in down trend in Nifty which took a mild correction in last two days. So tomorrow we will wait for bearish trades only and will try to ride the trend, and will enter in any trade (bearish-small quantity) below tomorrow’s CPR, first hurdle will be in a zone between 17490 and 17470, and below this level will enter with full quantity-if Nifty opens flat or slight gap down.
For slight gap down opening, below the zone marked in color green, after first five candle if it is red then will enter into bearish trade with full quantity. However for major gap down, we will have to wait for a proper price action to form before taking any entry. Will avoid bullish trades tomorrow near today’s closing levels, however near bottom support levels, we may go bullish scalping trades, with small targets. 17344, 17222 will act as major support levels for tomorrow. For upside move 17630 and 17722 will be major resistance levels. Will analyze, on major support level from where Nifty may bounce back after this week’s closing tomorrow.
Daily Central Pivot Range from 17606 to 17550
Weekly Central Pivot Range from 17851 to 17789
Monthly Central Pivot Range from 16886 to 16341
Will not analyze 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 25th August, 9:20 PM**
***Personal opinion, not a trading advice***
#NIFTY50
Nifty Down Fall Start ?in my point of view Nifty Under pressure so 17750 very good resistance for short
