Nifty daily analysisMarket is in range.
if nifty opens sideways then breakout we can buy on first candle with SL below it
if nifty opens gap up/gap down - we will se further price-action
we will not sell unless it goes down below 15680
Niftyindia
Nifty tomorrow can again try to clear critical resistance. Nifty will again try to test and break the resistance between 15800-15930 range. If it is successful we might see Nifty go up to 16150 to 16400 range. In case Nifty is not able to clear the important hurdle, we might see it testing the supports again. The evident supports for Nifty are at 15680, 15622 and finally 15559. Falling below 15559 will take Nifty towards 15200, 15180 or lower.
NIFTY FOR TOMMOROW - 30June 2022From the past two trading sessions, the Nifty has been opening weak( gap down), but closing in positive.
The price action somehow suggests that there are buyers sitting in the range of 15800-15600.
Intraday support levels for tomorrow are 15720- 15750, if these levels are held, we might see it moving towards 15900 - 16000 levels fast.
Major resistance @ 16350- 16520
Support @ 15680-15630
NIFTY Daily Analysis - 29th Jun 2022 - IndecisiveHi Traders/Investors,
NIFTY is looking quite neutral as this point, waiting for the news on US GDP data.
NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline.
On UPSIDE, strong resistance is from SELL ZONE between 15927 - 15927 levels, crossing which it would go for Gap filling from 15927 to all the way till 16175.
On DOWNSIDE, There is a big Buy zone between 15690 - 15610 levels.
Regards,
Anshul
#Nifty || 30th June 2022 || Falcon Trader Analysis for #Nifty50Greetings!
Nothing has changed, and my view remains the same. We are looking at Blue B and we will go there in zig zag fashion. Usually one complete wave finishes in 3 or 5 sub waves or you can say 3 or 5 zigzags. There is a zig zag indicator also that you can use.
So let's wait for B to finish before taking longs. Yes intraday levels, you can still play around on 5 or 15 min time frame, but I want to focus on wave counts and if you want to make money - then key is to remain with trend.
So what are we looking at?
Blue B is my daily Falcon Wave count, once that finishes then there will be good up move. My buying area will be using Falcon trigger line method, that is wait for green candle closing after previous red candle, only after we reach wave B around 15500 levels.
Enjoy trading!
Comment for questions, I will try to answer if i know the answer ...
NIFTY FOR TOMMOROW - 28 June 2022Nifty opened gap up.
Did not sustain the move and closed near its low.
Though it managed to open above the support turned resistance zone i.e 15600-15800 and also managed to close above this zone.
Now for tomorrow, how the market would open would decide the trend for the rest of the day.
Gap down opening- could take nifty towards 15600 levels.
Flat opening - the market might test today's high.
Gap up the opening - the market may trade choppy.
#Nifty || 27th June 2022 || Falcon Trader AnalysisFalcon Waves are perfectly showing the trend, still waiting for Blue A that comes from daily analysis .
Current target is still upside at 15800 levels.
Some people who focus on timing the market, like Gann timing etc. are now saying down time is gone because it did not happen and abc time, so now trend change. This is exact same reason why I don't like to stick to one method, because nothing works 100% - we are playing with emotions, on top of that your own hard work, luck or astrology whatever you want to call will also play.
So all the best, focus on risk management and make it your strong point.
I also update charts live in the market. So follow me here and on social links mentioned below. Thank You!
Let me know in comments if you want Bank Nifty analysis too!
#Nifty Range is what you wished for!Nifty is in such a range which every SWING trader might have wished for!!!!!
Nifty range from 15660 to 15551 is crucial. Any buys in dips would be appreciated!! 15910 can be seen on 27th June Monday 2022. But yes markets follow thier own thoughts as well!
What can we do?
I see final targets of 16175 soon, so new buyers buy above 15700 if 15min candle close and hold smoothly!
NIFTY Weekly Analysis: 26th June. SHORT before LONG!Hi Traders/Investors,
I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700.
I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside.
But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well.
So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday.
This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :)
So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs.
BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday.
Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets.
Regards,
Anshul
Medium Term Market (Nifty) Outlook. Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under:
Nifty Resistances: 15750, 15880, 16030 and finally 16174. Closing above 16174 can further strengthen Nifty and send it towards 16400 and finally 16785 in the short to medium term.
Nifty Supports: Supports for Nifty can be seen near 15622, 15500, 15368 and finally 15182. Below 15182 only major support is near 15050. Below 15050 we can see a free fall towards 14500/14300 or even 13700-800 levels in very unlikely circumstances.
#Nifty || 23rd June 2022 || Falcon Trader || Daily Analysis On 22nd June we were expecting wave b of Falcon Wave and it was perfect. But is that finished?
We also tried to use Elliott Wave but looks like that was not impulse as wave 4 went below 61.8%
However we were expecting wave b of Falcon wave and it can go down to 15300 levels.
For today, I will wait and watch SGXNIFTY looks stable
There is possible momentum for upside as Falcon Waves C is pending but todays price action will determine next week's price action
Thursday is tricky... and we can win if we follow basic rules.
Always use risk management - use stop loss - think before you act - act before you think
Top things to keep in mind:
1. We have to go up one last time, but this is not reversal zone (in 1H) - a small dip to 15300 is possible
How can I plan reversal:
1. You can use RSI crossover
2. You can wait for one green candle closing above previous red candle
Nifty50 is in Strong Downtrend momentumNifty50 is in strong Downside momentum
1. Nifty50 is forming lower high pattern which indicates market is in downtrend
2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside
3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890
4. I am expecting a rejection over above 15886 level and then Nifty will create a new lower high as shown in the above chart
5. Usually in Downtrend market there will be short rally but in every short-term rally there will be huge selling
Finally,
1.Traders please focus on capital protection rather than making profits as this market is highly volatile and sideway
we need a proper confirmation in the nifty50 chart for further move so wait till nifty reaches above 15886.
2. Reduce your trading activity and wait for confirmation
Personal Advice: {if you see any rally in the market try to take short position as uptrend is very weak}
See you guys on other technical analysis idea
Thank you for spending your valuable time over here Guys
if you want to ask any question and doubts
ask in the comments section below
- Varun Raja V.K
Disclaimer
Above said points are my opinion and thoughts and its only for Educational Purpose
I am Not an SEBI registered advisor so consult your SEBI registered advisor before doing anything
NIFTY Daily Analysis - 23rd June CUP & HOLDER formationNSE:NIFTY forming a perfect Cup and Holder pattern on charts.
Top of the 15710 makes for a crucial Make or Break levels, as NIFTY can either continue upward momentum and cross the top of CUP and HOLDER, or can fall back sharply from here.
I would wait for either scenario to happen and take LONG or SHORT positions based on it.
Nifty Forming a temporary base? Or start of new bullish phase?Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash the bears and we can see the NIFTY fall to 14700 or lower levels.
NIFTY shied away touching SELLZone, still looks weak on Daily TFNSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE.
It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact.
NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in.
On Downside, 15460 level is a major Support and if it breaks next level on downside would be 15157 levels.
Nifty trying to form a base above 15184 levels. Nifty gave a good closing today despite mayhem continuing in broader markets. Supports for Nifty are at 15180 levels and below that at 15050 level. Resistances on the top side are 15429, 15647 and 15887. If 15887 is crossed we can see a rally upto 16158 levels. This would be considered if it happens as relief rally only. We are not yet out of sell on rise market sentiment.
NIFTY Daily 20June, Its hanging on a thin thread of 15157 levelsNSE:NIFTY is currently in a make or break situation currently. Today's market move was not very decisive on Upside despite NIFTY closed in Green.
If NIFTY manages to hold this position of 15157 lvl and consolidates for next few days, only then we would see a good Upward momentum.
On Downside, if NSE:NIFTY breaks 15157 on high volumes, then it would be a free fall for NIFTY, until BUYZONE shown in Green.
Nifty is loading for next up moveThe index is trading within 200 points range.
Let one 15 min candle close out of this range for breakout confirmation either side.
Potential target will be 200 points as it is 200 points range.
#nifty
Nifty hovering around critical support of 15050.Holding 15050 will be very critical for Nifty 50 in order to not fall totally into the bear grip. Not that Nifty isn't in bear grip already but falling below 15050 will be indication of real weakness which can take Nifty searching for supports which might be available only near 200 weeks EMA or there about.
Critical Support Zone for Nifty or (Reversal zone 1) can be 15180 and 15050. Closing below 15050 would mean that critical support has been broken.
Further Strong supports thereafter will be: 14692(Reversal Zone 2), 14356, 13945 and finally 200 Weeks EMA at 13767. (Reversal Zone 3).
Once there is a strong reversal the resistances will be: 15949, 16529, 16912 and finally 17308.
Whenever the next bull-run starts the new top will be around 20203. (Medium to long term out-look is still very positive).
#Nifty || 17th June 2022 || Falcon Trader || Daily AnalysisStory time, I knew FOMC meeting will happen, 75BPS is priced in, but I was not carrying any positions.
Before mega event it is better to avoid holding positions as it will never help.
Market opened gap up and stop loss of many triggered, and people who were writing puts squared off and so on.
Followed by massive call writing and sharp selling leading to wave 5th formation.
Thus completing our story of wave 5th of 3rd.
Now I think price should go up in 3 waves ABC format for wave 4. Tricky but sweet and people who were late at shorting will learn a lesson.
Having said that, I myself made few mistakes and had to close my positions and open new ones. Falcon has speed and can fast trade and switch sides.
Hope this chart helps.
Like and follow for more analysis daily.
Once we touch 15900 levels, we can plan to short again... till 14K levels and beyond. Time will tell, lets focus on one day at a time
Nifty 50
nifty50 has broken the range on daily tf (time frame)
it is now also below the ichimoku cloud on the week chart
expecting nifty to bottom out at 15200 - 15150 (50 points range)
for the target of 16000 .
#Nifty || 14th June 2022 || Falcon Trader || Daily Analysis We are moving as per plan. A complete Falcon Wave count was shared in 13th June Analysis post - link below.
Now we move up in a very short term relief, the perfect trading will require you to trade in the direction of trend which should be bearish at the moment, meaning look for shorts only.
Small target around 15900 levels, followed by continued massive downward pressure. This should last till 15K levels before we get some relief.
Main support zones which will be destroyed as price will pierce through them will be 15700 and then 15300 - while bulls will order samosa today, but later they will become samosa vendor (pun intended) when the price will rock bottom as bears will continue to attack.
Don't forget the updated Game Chart where I discuss how we have entered Hell Fire which has a price magnet attached - this means more pain for people who were thinking of moon. Let the summer finish first.
Now only Falcon can help you to take the speed ...
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Nifty in search of bottom. NIFTY is in search of Bottom which might be around current zone to 15590. if 15590 is broken we may be heading for a sub 15K bottom near 14779 range. 14779 can provide a very strong support on the lower side and on the upper side now 15900, 16200 and 16400 will be strong resistances. Short covering that might come after bottom formation will be very fast and ruthless. Global sentiments are week and some positive news on Crude / War / Inflation and stability in Supply chains will only help the market settle down and release the panic valve. Markets are falling in line with international indices falling. India in a long run is set to benefit from scheme on things. Short term out look is negative but long term outlook on India still remains bullish.
