NIFTY Analysis/Prediction for tomorrow 10-08-2022NSE:NIFTY Analysis/Prediction for tomorrow 10-08-2022
For Flat/Gap-Up/Gap-Down Opening
🟢 Buy CE above 17550
✔️ Target Should be 17613, 17740
🔴 Buy PE below 17480
✔️ Target Should be 17417, 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.
Niftyanalysis
NIFTY viewNifty already broke the resistance line and coming back to re-test the resistance line
Also a slight possibility of downfall in the markets.
Look out for the lower support line and support zone marked which will be very important to create fresh positions.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Strong Rebound by Nifty Support and Resistance zones.Nifty has given a strong rebound after a weak start on Monday morning. There are Three Resistance zone in its path ahead as shown in the chart under the names of R1, R2 and R3. The support Zones for Nifty are indicated as S1 and S2.
R1= 17591 to 17796
R2= 17796 to 18117
R3= 18117 to 18608
S1= 17168 to 16800
S2= 16800 to 16400
Nifty Important levels and trade plan for Monday, 08.08.22Nifty current trend- Nifty was in an uptrend and currently taking a pause. Nifty in 75 minutes time frame formed double top, which is an indication of pullback, in daily time frame. And if that pull back continues then we may see some corrections in Nifty in coming days. And we may see the correction up to 16650.
Trade plan- SGX Nifty is at present 83-point negative and is at an important support zone, up to 25 more points. And we may expect a reaction from this zone by tomorrow morning. And for tomorrow we will consider only flat, slight gap down and huge gap down opening. For flat or slight gap down opening we may see the continuation of the down trend, only level we will have to consider is 17380, and below this level we may initiate bearish trade. Important support levels will be at 17353, 17274, 17221 and 17152.
For huge gap down opening we may expect an initial pullback first, and after settlement of the initial spikes depending upon the RSI levels and price action, we will enter into a trade.
For bullish trade, it will be good choice if we first wait for any confirmation above 17470 if Nifty opens flat. With a price action Nifty crossing, 17470 we then consider the whole trend bullish and go for proper bullish trade. Similarly at bottom support levels also we may go for bullish scalping trades, but surely with a price action.
17500 and 17600 has huge OI build-up, compared to highest OI in PE side at 17000, and short build up in higher CE side and long unwinding in lower levels also supports the probability of correction in Nifty, which will be a downtrend for us in 15-minute time frame.
Below are the important levels for tomorrow
Daily Central Pivot Range from 17411 to 17402
Weekly Central Pivot Range from 17372 to 17322
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 7th August, 3:10 PM**
***Personal opinion, not a trading advice***
#NIFTY50
Nifty Levels for 08/Aug/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 Closed flat in slight green. Max OI on call side is at 18000 and on put side at 17000 for 11/Aug expiry. PCR is in bearish zone. Nasdaq closed in Red. Is dip in Nifty going to be buying opportunity or long term investor should wait for better opportunities?
Nifty Next Week: Market Outlook 8th to 12 August 2022Market Outlook 8th to 12 August 2022.
As Nifty hourly chart continues to move in the channel which started around 13th June 2022. Recently it hit the channel top and faced resistance 17490 and faced channel top resistance since. 17161 payed as a major support during the news surrounding China-Taiwan crisis and should be looked at as a pivotal support for now. Other major Supports and resistance for NIFTY for the next week that is 8th to 12 August 2022 will be:
NIFTY Supports: 17345, 17161, 17023 and finally the range between 16535 to 16735.
Nifty Resistances: 17414, 17489, 17576 and finally Channel top resistance which can be anywhere between 17576 to 17691.
Nifty Important levels for Friday, 05.08.22
Weekly Central Pivot Range from 17040 to 16805
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 4th August, 11:45 PM**
Nifty Future Level of 21000. Is it feasible for growing economy?Dear 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
Interesting Nifty future Level by FY2023-24: 21000
More than 20% conservative returns within 2 years.
Is it feasible for growing emerging Indian economy looking at Indian GDP amid global issues?
Please do share your ideas. Thanks
Nifty Index (SPOT) Levels for 05/08/2022 Dear 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 looking weak ahead of RBI's meeting in India. Heavy call writing is done today for 11/Aug next week expiry. Put side: Long buildup with hedge for next week expiry. Overall derivative data turned from bullish to bearish within a day. Buying volumes are low. Pull backs were immediately sold today. Bears are trying hard to take over the control back. Shall we look for sell on rise strategy for tomorrow? RBI's policy and USA expiry data will be very important for tomorrow's direction.
Tomorrow nifty50 Today with a hug recovery in a market nifty were close in a buying position/in a bullish level after seeing this now for
tomorrow buy nifty 50 above 17400
Our target 17450 17520 17596
Sl 17360 we can't make any bearish level bcz for tomorrow our view for Market was bullish
But by chance market break 17350 level thn make bearish position target 17300 17265 17230
Sl 17390
NIFTY Analysis/Prediction for tomorrow expiry 04-08-2022NSE:NIFTY Analysis/Prediction for tomorrow expiry 04-08-2022
For Flat/Gap-UP Opening
🟢 Buy CE near 17300
✔️ Target Should be 17520
🔴 Buy PE below 17220
✔️ Target Should be 17061, 17950
For Gap-Down Opening above 17240
🟢 Buy CE above 17390
✔️ Target Should be 17520
🔴 Buy PE below 17220
✔️ Target Should be 17060, 17950
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 levels for 04/08/2022Dear 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
Is Nifty in hurry to touch long term resistance zone? Or Will global issues trap Bulls?