Nifty Still in Correction Hi
It look like, Nifty still is in correction.
We have completed A @ 17613 now we are in B & it may come upto 18225 after that will fall again for C & final leg of Wave 4.
Note: - In B, we have completed A & B Leg & now we expect C leg for 18225.
Best of Luck & Happy Diwali....!!!
Niftyindia
Nifty 50 Intraday Trade Setup for 01st November 2021
Good Morning
I hope you guys had a great weekend
We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which is a considerable amount.
The main question is, what is our trade setup for today and in the upcoming days. Let's talk about the Important Levels.
Resistance 1 : 17,950
Key Resistance : 18,050 to 18,100
Key support : 17,650
Today Trade setup
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India usd and sgx nifty has recovered in the Friday trading session after our market and managed to close at 17,796, almost 100-120 points up from our market closing. A sign for an 80-100 points gaps up the opening. Market sentiment is negative,so you must be careful and prefer the range shift strategy (wait to break out for the first 30-45 Minutes range)
NIFTY : Level for 26th OctNIFTY : Level for 26th Oct
Nifty traded very well today.
17950 is very strong support for nifty and preparing for 18600 again
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY: Monthly to 3 min Analysis NIFTY : Month
Based on this analysis : Nifty is trading near support. once its sustain here, we may see again new ATH
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty - Bulls will take control Hi
As per findings looks like 5.4. looks complete, if yes then Nifty will not find any hurdle @ 18430 - 18450 & soon will see new ATH or still anything pending on down side then it will find hurdle on these level & will see on more low for further up move (ATH).
As the channel drawn on chart nifty will travel in it only to reach new ATH.
Any of you carry long position so keep your stop loss 18240 or hedge the position....!!!
Have a great trading day....!!!
NIFTY FUTURES SHOW both sidesNifty- huge long positions were build on 5 days future data, huge calls were short in option chain, no build up on put side, people are in fear market will fall, but tomorrow will be up and down day both. as market will go down and up both side. as the data suggest. as fii and hni were buying in index futures to give jump and also buying puts to let indexes down in starting, so data is more negative as per options and positive as per index futures. market will show both red and green, similar story in bank nifty also.
Nifty Update for 18th October 2021
We will see a flat to a positive opening in Indian Indices today as per IN50USD data.
NIFTY50 Index is trading at a supply zone/PRZ zone which we have calculated using our HARMONIC XABCD Pattern.
Today Index has a narrow trading range, and we may see the Index trading on both sides today.
Nifty Major resistance 18,400 levels.
18,240 will act as a support.
For Buying (long)
Consider a buying position above 18,360 for the targets of 18,400/18,420/18,450
For Selling (short)
Consider a short position only below 18,305 for the targets of 18,290 to 18,260
Be careful the range is small, and we'll see the movement on both the sides, Quick profit booking suggested.
Trade setup
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Key RESISTANCE is: 18,400
Key SUPPORT is: 18,240
Trade Accordingly!