#Nifty 27th July 2022 || FOMC Meeting - what next?Falcon Waves moving as per plan.
Almost finish of Wave A blue.
Clear chart:
Nothing has changed for Falcon Wave count so far. Keep making money. Focus on risk management and Falcon Waves.
Price action, entry and exit at key level is always important.
Niftyindia
NIFTY under pressure ahead of US FED meet later tonight. NIFTY is having some butterflies in the stomach ahead of the 27th July US FED meeting. Clearly the indices like IT, Midcap and Smallcap will be in a lot of pressure. Support for Nifty will be at 16483 and 16459 below these levels Nifty can have a free fall till the levels of 16353 or 16276. Resistances on the upper side will be at 16562, 16687 and finally 16756.
Nifty at critical Technical Juncture - Make or Break Monday.Nifty is just below Fibonacci resistance of 16807. Today's high of 16752 to 16807 will be a very difficult zone to cross unless there is gap up opening or strong momentum that takes the NIFTY through the resistance zone. Closing above 16807 will take Nifty to the next FIB level of 17215.
In the medium term if the momentum continues and Nifty is able to cross 17215 big momentum breaker can be the zone between 17662 to 17813.
If Nifty fails to clear the technical resistance zone of 16752 to 16807 the supports on the lower side will be at 16609, 16523, 16481 and finally 16409. Below 16409 Nifty can go to 16199 and 15929 levels.
NIFTY-17000All 5 waves are completed in an Expanding triangle pattern.
Smart sell is over, because of our local support nifty is not fallen like S&P500.
21 day money flow index shows compulsion of buying
Recovery to the last wave ''c5'' is going on, this may go beyond 62% of c5 ,17000
let's have a buy until AUG 2nd
#Nifty || 21st July 2022 ||Falcon Trader Analysis for #Nifty50 Nifty formed the weekly green A, and now we are looking at down in B and up in C.
Overall - for now, we can say that there is good upmove - but this will eventually come to an end for some retracement.
Falcon Wave count - has not changed so far, the overall concept of ABC waves etc. has worked, and nothing has changed.
What changed? - The green A move to 16500-16700 zone was not anticipated by me. The green A comprises of blue ABC. The colour coding by me is for everyone to understand. I keep green for weekly and blue for daily time frame waves.
Now looking at this, the blue ABC was there, but the wave C of blue was actually fast and elongated for me and this analysis was missed. However, during trading Falcon trigger line method, Falcon CCI and Falcon HA candle system helped me. Falcon CC indicator is free on Trading View.
Now I am looking at slight squeeze and then down for wave B.
You will get daily chart here from me, on Falcon Waves as long as you are following me on Trading View
Make sure you do not miss any analysis.
Clean chart
Nifty ended few decimal points above 200 days EMA.After giving a gap up opening today and making a high of 16588 Nifty ended the day at 16520.85. 200 days EMA for NIFTY is at 16520.74. A strong closing above 200 days EMA would have shown that lot of power remains in the rally. Today rally has shown little bit of weakness which bears might exploit tomorrow. Another Green candle tomorrow and a positive close above 200 days EMA on Friday will bring lot of positivity from the sides of both DIIs and FIIs. Nifty is exactly at a crossroad. Thursday and Friday will decide the direction of reminder of the month.
Nifty Supports: 16520, 16412, 16357, 16247 and finally 16160.
Nifty Resistances: 16588, 16675, 16796 and finally 16931.
#Nifty || 18th July 2022 || Falcom Trader Analysis for #Nifty504th Wave down, and now brutal fall in 5th wave awaits ...
We will go down to form wave 5 and this will complete wave A
We have long way to go, and what I can see is that market maker is making money with these zig zag situations, and it is okay - we are all here to make money. Question is - are you ready to make money?
Use Falcon Waves to best of your advantage, if you are doing options trading then understand time decay when buying options, therefore you may need multiple entry and exit at key level areas always drawn on the Falcon Charts.
Don't forget to follow me here for daily #Nifty ideas.
Clear chart:
Nifty trying to break free form a long term down trend.Nifty trying to break free form a long term down trend 16277 can be a resistance which will take some doing to cross. if it is crosses the next resistance will be at 16498 and 16796. Support for Nifty is at 16135, 16033 and 15993. Good going so far the greatest thing today is that the rally is lead by the most laggard index off late that is the IT index. Things will start to look good if Nifty closes above 16150 today..
Nifty Outlook for week starting 18th-22nd July 2022 - POSITIVE.NIFTY gave a strong closing on Friday as it ended above a long term support of 15917 and 16030. Yet the Important hurdle of 50 days EMA is still ahead of it which is at 16132. Crossing and closing above 16132 will be important for Nifty to go towards 16277.
above 16277 levels Nifty in a short to medium term can go towards 16525 which is it’s 200 days EMA and a strong resistance. Bulls will be in command only above this level. On the lower side again 16030 and 15917 will be the support zones.
Below 15917 Nifty can go towards 15738 zone, however during the next week if Nifty closes above key level of 16132, chances for positivity will be more.
Nifty outlook for the reminder of the week ending 12th July 202250 days EMA at 16154 is an important support for Nifty above which it has to stay in order to gain further grounds and try once again to move above important 200 days EMA 16546 resistance. However, before Nifty tries to cross 200 days EMA it has to cross very strong resistances at 16271 and 16327. If Nifty is able to cross these three hurdles it can go to the levels of 16796 which will be major resistance. If Nifty is not able to sustain above 50 days EMA 16154 the next supports will be at 16118 and 16051. Below 16051 Nifty will be very week and can fall to 15900 or even 15500 levels. This week holding 16154 will be key to progress.
Nifty outlook for 11th to 15th JulyNifty had another fascinating week where Bulls are trying to snatch initiative from the Bears. In case Nifty can sustain the levels above 16152 which it has successfully done on Friday when it closed at 16222.60 we can see Nifty rise till 16550 where it will face 200 days EMA resistance. In case Nifty falls below 16152 level we can see it searching for supports.
Nifty Resistance levels: 16343, 16400, 16549 and finally 16809.
Nifty Support levels: 16152, 16030, 15930 and finally 15500.
Nifty daily analysis16200 was strong resistance and market closes above it. Around 16300, there is another resistance, so market could be sideways on monday
A) if market opens sideways then we could buy if it makes 5 min positive candle
B) if market opens gap up and breaks lower resistance then after looking at price-action we could sell for small target
NIFTY Daily Analysis - 6thJul2022 - Looks Strong!Hi Traders,
NIFTY looks strong, faces a resistance at 16000 levels.
But looking at the momentum and if the news is positive from US and Crude oil continues to stays around 100$ then we might see a good Upmove from here.
There is a Gap between 16025 - 16170 in NIFTY which might get filled up pretty soon maybe tomorrow or day after looking at the Price Action. NIFTY can also open Gap Up to directly 16170 levels.
On DOWNSIDE, we've good Demand zone between 15900 - 15925 which can act as a Strong Support.
Regards,
Anshul.
Most Important Levels for the month of July 2022 for Nifty are: Most Important Levels for the month of July 2022 for Nifty are as under:
Support Levels: 15863, 15781, 15550, 15372 and 15181. Below 15181 we can see a free fall till 14485 or even 13875.
Resistance levels: 15950, 16166, 16350 and 16809. Above 16809 we can see Nifty rising to 17050, 17172 and 17200 levels.
Today's Closing will be very critical.
Nifty Outlook for the remainder of the week 5th to 8th July 2022Market is trying to affirm the positivity for the time being and trying to make positive moves but facing resistance in the range of 15800 to 15950 range. It is once again making an attempt to bring about positivity but it can last only if the critical resistances around the specified range is crossed. Otherwise once again it will go downwards searching for supports.
Supports for Nifty remain at: 15776, 15671 and 15506. Below 15506 the Nifty can fall to the levels of 15342 or even 15183 levels.
Resistances on the upper side remain at: 15865, 15923, 16023. Crossing and holding above 16023 the Nifty can jump to 16174 or 16200+ levels.