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Nifty 50 Intraday Trade Setup for 02 June 2020Hello Everyone, We had seen a bull really without any correction since last 4 trading session . Almost 900 points in this straight run and main question is does nifty will make a new high today or we will see a profit booking and a short term correction. Let's see the key factor at first for the today trading session. Key factors ================ 1-SGX nifty Trading on a flat note so aspect a flat Opening . 2-Market has been ignoring poor GDP print for March quarter, PMI data showing a deepening slump in factory output and up to 80% drop in May auto sales and maruti and other stocks making higher high and giving breakout on their resistance. Seems funny and interesting to watch the manipulators work. 3- the Dow Jones Industrial Average was up 30.31 points 4-European shares rose on Monday on hopes of a post-coronavirus global recovery, 5-Moody's Investors Service on Monday downgraded India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2, citing the country's policymaking institutions will be challenged in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth. Technical analysis ======================== As per Harmonic we have found 2 Potential reversal zone. first is 10047 and second is 10411 these levels are act as nifty resistance for now . Bearish harami candle formed in 4 hour time frame and this candle formed because of Profit booking in yesterday session and not much reliable . Might be we see profit booking today . Index can give a short term correction or will trade in a range.9400-9500 is the support zone. Option Chain data ======================= Maximum call OI of 18.78 lakh contracts was seen at 10,000 strike, which will act as crucial resistance in the June series. Maximum put OI of 18.92 lakh contracts was seen at 9,500 strike, which will act as crucial support in the June series. Trade setup ================ Buy : 9940 Target : 9,980/10,010/10,040 sl : 9,870 Sell : 9,780 Target : 9,730/9,700/9,650 sl: 9,830 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Team CodeViser
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 26th may 2020Good Morning sir's, Hope this long weekend went good for you. Last we had seen negative sentiment in the market because of RBI governor announcement . Today is the first trading session for this week and main question is does the negative sentiment will be continue or we can see a short covering in today Trading session. Let's the key factor for today Trading session at first. Key factor ================ 1-SGX is trading on 9152. which is 70 points above then previous closing. We are going to see a 45-60 Point gap up opening . 2- Dow looks strong, Trading on 24824 which is 230 point up from previous closing. 3-Most bank and financial stocks may also extend their losses of the previous session after the Reserve Bank of India (RBI) announced the extension of loan moratorium by three months.RBI’s decision to extend the moratorium till August 31 could turn out to be a major negative for the non-banking financial companies (NBFCs), Emkay Global said in a note. 4-Stocks in Europe and Asia gained as investors weighed more signs of economies reopening around the world against the rise in US-China tensions 5- Foreign investors have infused over Rs 9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL. The inflow comes following a net withdrawal of Rs 6,883 crore in April and Rs 61,973 crore in March on fears of a corona virus induced global recession. 6-he Govt extended the validity of various motor vehicle-related documents till July 31. No additional/late fee will be charged for delays in the validation of documents pending from February. 7-The extension of moratorium by three months beyond May is likely to expose lenders to the risk of some borrowers having the capability to pay skipping repayments, fear bankers. 8-Insurance co's are bracing for large claims on account of Amphan, the cyclone which ravaged West Bengal and Orissa last week. Most of the claims are expected from property, motor and crop insurance sectors. 9-Value erosion in PSUs can limit Govt's disinvestment target. The fall in stock prices has eroded significant value in some of the largest PSUs, which will limit receipts for the Govt. 10-*Current Affairs*: India witnessed the biggest spike with 6,767 positive coronavirus cases and 147 deaths reported in the last 24 hours, taking the total number of Covid-19 cases to 131,920 11-The Tirumala Tirupati Devasthanam Board has decided to sell 50 immovable properties in Andhra Pradesh and Tamil Nadu, worth Rs 23.92 crore through a public auction. 12- Crude is still strong and showing strength in upside. Technical View =================== As per my analysis we are going to see a short covering in today trading session but don't think that trend is going to change . Market is still in Negative sentiment so be careful in buy side and trade with less exposure. Resistance : Nifty Intraday resistance is on 9,170 which is taken by a trend line and key resistance is still on 9,900 Support : Nifty Intraday support is 8,960 which is Friday trading session low. Key support is on 7540 Trade Setup ================ Long : Long Position in Intraday can build if Index break 9,170 and sustain above on it. Short : Short position can build if Index trade lower then 8,960. Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade Setup for 19th may 2020Good Morning Everyone, Hope you guys has made good money yesterday. Our sell level come in first 10 Minute and Index has given an awesome move in downside. Index down move more then 3.43% in a single day which can count huge dump in Intraday day. Now question is It will be continue today? Lets see what key Factor is going to affect to our Market. Key Factors ========== 1- SGX is trading on 8969 which is above more then 183 Point up from previous closing. 2-Drugmaker Moderna Inc said its experimental COVID-19 vaccine showed promising results in a small early-stage trial. 3-Investors lost by Rs 3 lakh crore in terms of market capitalisation on the BSE. The average market capitalisation of the BSE-listed companies dropped from Rs 122.66 lakh crore on May 15 to Rs 119 lakh crore on May 18. 4-the stimulus package announced by the government was not seen as adequate considering the demand destruction in the economy, what really did maximum damage was the suspension of the bankruptcy norms for one year, which instantly multiplies the bogey of bad loans that the financial system is facing. 5: Banking Stocks Bleed As New Bankruptcy Cases Suspended For One Year Banks shares slumped after the government on Sunday said insolvency proceedings against fresh defaulters would remain suspended for up to one year and Covid-19-related debt would be excluded from the definition of default. 6- Crude Oil is strong and giving a steady strength. Technical View ============== Resistance : Yesterday Nifty Break their key support ( 9000) and manage to sustain lower then it . We can see a short covering today and Index about to open gap up and this level is Important again but this time it will be a resistance Area in Intraday. Key Resistance is still on 9900 Support : Intraday support is on 8750 and key support is on 8200-8090 (As per Harmonic Prz ) . Trade Setup ================= Long : Long Position can build if Index sustain above 9050. Short : Short is tricky and there is 2 Levels . A : Index is about to open gap up and might be take their resistance on 9000. Risky Traders can short from top with a tight Stop Loss. B: Second Sell Position if Break yesterday Low which is 8800 Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
NIFTY 50 INDEX (NIFTY) MonthlyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
NSE:NIFTY
by Dinjin
1
Nifty- What is Happening?- weekly reviewWe have seen profit booking is the last two trading session which was expected. I am still bullish on Nifty and my strategy will be buy on dips still it doesn't cross the H4 Trend line and daily support of 10428.Thanks to Mr. Trump and Syrian controversy that nifty will open gap down on Monday. I will recommend buy on dips. Recommendation- buy Only near 10425 with the stoploss 10380 For Target 10550 Below 10380 Nifty Will be very week.
NSE:NIFTY
by NileshChavan
Nifty Analysis & outlookThe previous high nifty made was @ 10137 on 2nd August 2017. Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number). If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws). If it tests 10137 it may retrace to support @ 9983-10000 before it breaks out of the 10150, which I see at intraday buy opportunity. To conclude, a break out above 10150 with good volumes would make it a high probability trade (HPT), with great Risk to Reward ratio.
NSE:NIFTY
by SunnyPawar
NIFTY COMPLETE WEEKLY & DAILY ANALYSISGreetings traders, This is a weekly update following our monthly, daily & probability analysis Please do not proceed with this analysis , if you haven't come across any of those. Refer to them at first & proceed with this analysis - link in the signature section (below)! Now to the analysis, Following our daily update, we mentioned that the NIFTY 0.18% could turn at any level at/above 50% R in the plotted resistance zones for X2 but our double confirmation post revealed that the powerful zone to act as a resistance would be 50% R due to the added trend line's angular resistance. Now NIFTY 0.18% has been stumbling in the 61.8 Zones. For any avid & serious trader, this would be a good spot to take their sell position, accounting the underpinning bearishness in the asset & it has a long way down based on our analysis! For conservative traders, it is a walk through mist scenario where you can't see things clearly as if they were! yet we can say only a thing - wait for the market to unfold downwards & take your positions accordingly! (you might miss a few ticks but that is negotiable for safety) For understanding the risk (SL) & (TP), please refer to the link in the signature section below (it is elaborate & a bit tricky - hence we made a video presentation in it - feel free to watch it). Fell free to reach us to share your thoughts/comments! Happy Trading
NSE:NIFTYShort
by DineshKrishna
Will NIFTY test 7800 levels again?Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of possibilities(probabilities) that could frame the near & long term future moves for NIFTY the analysis progress through the provision of unbiased weightage to all of them based on various factors, rules & guidelines and as usual this analysis is backed by a video presentation, which you can find in our signature section below! NIFTY MONTHLY ANALYSIS: The monthly timeframe comprises of super-cycle degree moves within the grand super-cycle 3rd wave, from OCTOBER 08(this has a long way to go). However, the shorter time frames have a different story (which is important for traders). The 3 waves in the super-cycle degree have been completed and we have the 4th wave in the sequence, unfolding. The 50% R of the 3rd wave have been tested & the current move is a retracement of the correction & it could end relatively in the cluster of resistance zones (in lower degrees). This analysis takes into account the psychology underpinning the asset, mathematical relationships, geopolitical events & finally indicators, only to support the analysis! To understand various levels - take profit, Stop loss & trading strategies for the long, medium & short term. please refer to the video! Irrespective of all the probabilities, the analysis clearly gives the direction for various trading setups.
NSE:NIFTYShort
by DineshKrishna
5
Nifty : Potential Bullish Bat Formation - Long @ 8450'sComing back to the scrips which we keep close to our hearts - Yep, Nifty's.... We have bullish bat pattern formation which is currently in C to D move, so once the move gets completed at D point we can Initiate long positions in Nifty. The other blue lines going around chart are the idea posted on higher timeframe(4h) lastweek.. that idea is still valid. But here we are breaking down to the smaller moves which is 15mins and these happens within the range of that 4h chart. Never try to catch the move from C to D bcos sometimes pattern may not complete so you may lose which will be really bad for your trading. So only enter trades @ D point of the patterns. One more thing, to be profitable there is no need to be always trading and taking positions on every swing... Quality of the trades matter the most... Hit Likes if you agree...Thanks for your support... Happy Trading !!
NSE:NIFTYLong
by InsiderB
4
NIFTY July FUT - Elliott Wave Analysis Greetings traders & readers, This Analysis for the JULY contract is special because this is a part of our exclusive service Premium trade setups. To learn more about the Premium trade setup (PTS). click the link below, www.mytradingcourses.com Now lets deal with the analysis in weekly time frame and just understand what is happening over there. We have already discussed that the move from the deep lows have been in the corrective form (triple threes) within the impulse wave 1 in one larger degree and above all we have also given a clear area of resistance & the point of turn, which is what happening currently. The NIFTY has pierced the area that we have mentioned ( the area around 8333 - 8400 ) and this have been reflected precisely and having done what it is said earlier, lets also find what is about to happen in the near term future for JULY month contract and for the best understanding purposes the analysis have been carried out in daily charts with a detailed video ( which will give a clear perspective over the movements through all this time). Continued in our website and the same is free, www.mytradingcourses.com Feel free to ask for any clarifications through chat / comments in our website ( for instant response) and / or through our trading view Profile. If you feel that the analysis is worthy, please follow us on trading view to keep yourself updated with us & the markets. we need your support. Thanks for reading the article Regards, Dinesh. R Senior Technical analyst, LeadBrains - www.mytradingcourses.com - Trading Education & Training firm
NSE:NIFTYShort
by DineshKrishna
3
NIFTY JUN FUTURES - Elliott Perspective Greetings Traders & readers, ONE Happy news for all, from this month we are about to release FREE insights on NIFTY FUTURES for current contract, in the beginning of every month - starting today...! As you can see from the chart we are about to discuss the analysis on NIFTY in weekly time frames but before that lets also take as deep look at the monthly charts over here, From which one can observe four consecutive months of Rally lifting it from the depressions of 2015 But the entire move as we have discussed is purely corrective in its existence. Don't you think that the market is up for a correction now and lets have a clear insight about what's happening : The Wave 1 as it is earlier described in previous Posts have been developing into an Leading diagonal and this consists of corrective waves replacing impulse waves in their respective places, here it is triple threes in weekly time frames as you can see from the weekly chart, However we have something to be discussed in detail without which the analysis is incomplete and that is to dig deeper in daily charts and we have carried the same in our website with a Video explanation - A freebie, do check it out here, www.mytradingcourses.com ( few Questions of users are also being answered in the video on Previous analysis) Our humble request to all visiting our website/ trading view profile, Please support Us - we are not charging for this analysis and we want to keep it that way, so lend us your hand as support...! share this post if you can, spread the word - a word from mouth is really helpful and like us in FB & Follow us in trading view Thanks in advance...! Thank you for reading the article Regards, Dinesh - senior technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading Education & training firm
NSE:NIFTYShort
by DineshKrishna
6
Nifty - Sum of all factors - An Elliott Perspective Sorry for the discontinuity as we were engaged in some other obsessions Now to the Analysis, You never understand a movie by missing a half of it , so don't miss it THE LONG AWAITED YEARLY ANALYSIS ON NIFTY IS BEING PROPOSED & the same is gaining attention of all fellow trader. why miss your seat. check it out here, After that do revisit this ANALYSIS, Each & every trader will definitely find this analysis compelling to read & understand The NIFTY has reversed from its 2015 LOW's & the important idea here is that the upward move is definitely not an impulsive rally, it is corrective in nature - which opens the gate for varied options as Elliott has described in the Wave Principle. The corrections at initiation of the trend have been classified as a Leading diagonal Triangle. Trade Accordingly at each levels of individual waves & at this point.... Thanks for your time Dinesh -Senior Technical analyst LeadBrains FSL - www.mytradingcourses.com - Trading education & Training firm
NSE:NIFTYShort
by DineshKrishna
14
Nifty ::: Expected to Sink ::: Risk CallNifty is expected to sink now. There are many reason why we feel it may sink. 01. It is already trading below quarterly Target 03. 02. Bearish Engulfing in weekly chart 03. To sink and come near 6943 to 6880 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. As we have budget this week it is a risk to trade Nifty our view is 6943 to 6880. We are expecting this to happen on budget day that is 29 Feb 2016. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing. [/b
NSE:NIFTYShort
by ajithchand-bhandaari