NSE:NIFTY Analysis/Prediction for tomorrow 17-08-2022NSE:NIFTY Analysis/Prediction for tomorrow
for flat opening
🟢 Buy CE above 17840
✔️ Target Should be 17950
🔴 Buy PE below 17775
✔️ Target Should be 17725,17670
for Gap-UP opening
🟢 Buy CE near 17825
✔️ Target Should be 17950
🔴 Buy PE below 17800
✔️ Target Should be 17725, 17550
for Gap-Down opening
🟢 Buy CE above 17840
✔️ Target Should be 17950
🔴 Buy PE below 17770
✔️ Target Should be 17670
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.
Niftyanalysis
Nifty Important levels and trade plan for Tuesday, 16.08.22SGX Nifty is currently 135 points plus as compared to the closing of Nifty at 3:30 PM of 12th August, and is reaching towards its important resistance zone, and we may expect a reversal form there, and by tomorrow morning if it reverses then we may see a flat to slight gap up opening in Nifty. If not then mw may need to ready for a huge gap up opening.
Now, if we see Nifty In daily time frame, then it is at the top of a channel which was followed by Nifty from last almost a year and at he same time if we see the RSI in same time frame, it is near 80. So from this two points we may come to a conclusion that, it will be essay for Nifty to break this line in current flow. If it has to continue its up move, then must hover around this point and then may continue, or need to do some corrections, and then eventually go up.
So if tomorrow Nifty opens above this channel, and try to move upside, we should be more cautious, while taking a trade, specially a buying one, as it may spend good amount of time hovering in this region.
For any activity of Nifty below this level, we may initiate a bearish trade, if forms a proper price action, and after crossing below tomorrow’s CPR at 17654.
In case of huge gap up opening, anything near marked resistance levels, at 17842 or near 17777, after, we will go for selling, after initial settlements.
Important support levels will be at 17654, 17602 and 17560.
Below are the important levels for tomorrow
Daily Central Pivot Range from 17685 to 17661
Weekly Central Pivot Range from 17646 to 17542
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 15th August, 10:02 PM**
***Personal opinion, not a trading advice***
Nifty Levels for 16/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down.
Shall we expect a profit booking?
Will Nifty offer us buy on dips opportunities?
Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run?
Shall bulls/specially retail investors should slow down to avoid getting into bulls trap?
Wish you all a profitable trading day ahead!
NSE:NIFTY Analysis/Prediction for tomorrow 16-08-2022NSE:NIFTY Analysis/Prediction for tomorrow 16-08-2022
Due to the Long weekend try to trade after watching the one-hour price action.
for flat opening
🟢 Buy CE above 17724
✔️ Target Should be 17795
🔴 Buy PE below 17680
✔️ Target Should be 17600, 17515
for Gap-UP opening (below 17780)
🟢 Buy CE above 17820
✔️ Target Should be 17950
🔴 Buy PE near 17800 or below 17700
✔️ Target Should be 17725, 17550
for Gap-Down opening
🟢 Avoid CE
🔴 Buy PE near 17700
✔️ Target Should be 17550
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 intraday LevelAs per the Analysis for the intraday Trading and holding hr position on the Nifty should cross 17580 level to considered as bullish on the nest trading session.
For option traders its better to hold positions if taken until Nifty crosses this level and have strict SL of 17450 if goes below this then it will take time to recover and at this time we also need to see the volatility in the market that should sustain above 20 India VIX
Critical support/resistance levels for Nifty for medium term.Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under:
Resistance Zone: 17719 to 17779.
Major Resistance Zone: 17779 to 18118.
Support zone: 17349 to 17606.
Other Support: 17178.
Level beyond which Bears will regain control over the market: 16616 (Major Support).
Long Term Target: 19546
NIFTY50*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
Harmonic Butterfly flutter it's wings: Will fly up or down?The high that Nifty made today 17719 to 17832 will be tough to cross. Even if that is crossed or touched there is a major resistance beyond it which extends upto 18117. FIIs are buying relentlessly of late. May be their buying power can help us cross this important resistance. Investors should be aware of this zone and if there is a correction be prepared for Profit booking or partial profit booking. The support incase of correction will be at 17349, 17178 and 16930. Below 16930, 50 and 200 days EMA which are around 16600 will be major support. Only below 16600 bear will be again back in control of the market.
Nifty Levels for 12/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty is quickly reached long term resistance level. Today buying volumes were low after gap-up. All positives are factored in. Is profit booking expected at this level? Is buying on dips going to be better strategy for Friday's trade?
NIFTY 50 AT RESISTANCENifty 50 has seen remarkable move since June 2022 from 15200 levels to 17700.
Currently it has reached at a price area
, where it could struggle for a while.
Today's Price Action
1. Opens gap up, did not sustain, closes near its low.
2. Rsi is also overbought, though no sign of weakness.
We may see nifty going sideways for a while.
Immediate Support @ 17400 - 17200
NSE:NIFTY Analysis/Prediction for tomorrow 12-08-2022NSE:NIFTY Analysis/Prediction for tomorrow 12-08-2022
for flat/Gap-UP opening
🟢 Buy CE above 17720
✔️ Target Should be 17795
🔴 Buy PE below 17640 or near 17700
✔️ Target Should be 17550, 17490, 17350
for Gap-Down opening
🟢 Avoid CE
🔴 Buy PE near 17640
✔️ Target Should be 17490, 17350
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.
NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
Nifty Levels for 11/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Bullish Divergence is observed in RSI. Nifty is looking in hurry to touch long term resistance level after gap-up opening. US inflation is cooling off QoQ basis and markets are reacting quite positively. Dow Jones is up 480 plus points and Nasdaq is up 320 plus points. Bull should become cautious and continue with profit booking. Trader should work level by level with strict stoploss. Retail investors are really enjoying the ongoing rally. Let us see if relief rally converts into bull run or global issues will take over the relief rally again in coming days.
Have a profitable day ahead!
NSE:NIFTY Analysis/Prediction for tomorrow expiry 11-08-2022NSE:NIFTY Analysis/Prediction for tomorrow expiry 11-08-2022
If price opens in Zone
🟢 Buy CE above 17560
✔️ Target Should be 17613, 17740
🔴 Buy PE below 17480
✔️ Target Should be 17350
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 50 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 advanced chart formationI have observed this pattern in Nifty daily chart
1500 to 1600 points down move
2300 to 2400 points down move
If the recent high is temporary top for time being a 1500 points correction is possible in the index
2 days closing above 17600 will reject this pattern and next resistance will be 18200