Nifty 50 Intraday View & Trade Setup for 22 JanuaryNifty Update
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We have seen a dot reversal and huge correction in yesterday's trading session from the hourly harmonic PRZ. The main question is does the negative sentiment will continue or we will see a short-covering today?
In the chart you can see 3 patterns . 2 Were already completed and did their job now third is active and the target of the third pattern (Half Bat) is 14,450 to 14,426. which is still far away from the current level but still need confirmation.
Short
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14560 is the key support for today Intraday short if Index break this level and sustain lower sl is 14600 and Target is : 14,500/14,450/14,430
Long
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Long position can consider only when the pattern failed Level is 14,650 Stop loss : 14,590 Target : 14,700/14,750/14,780
Niftyindia
22nd Jan Nifty levelsBuy above and Sell Below levels are given.
Simple Low Risk approach:
If Nifty Opens, sustains (takes support from 20 ma) and goes up in the Green Zone, buy.
If Nifty Opens, sustains (takes support from 20 ma) and goes down in the Red Zone, sell.
If Nifty opens in the white zone, wait for the trend to reveal itself.
Ignore everything else.
This works best if the gap up isn't too much but could work regardless.
Do not initiate any trades before 9:45 AM.
I generally wait till 10:15 AM before even thinking about taking a trade.
Riskier approach (Ignore if you like playing safe)
If price opens in the Green Zone and crosses over to White, sell.
If price opens in the Red Zone and crosses over to White, buy.
All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
Entry points:
Support or rejection from 20 ma at 5 min TF.
I want to publish these ideas on the 5 min TF, but somehow Trading view isn't allowing it so....
21st Jan Nifty levelsBuy above and Sell Below levels are given.
Simple Low Risk approach:
If Nifty Opens, sustains and goes up in the Green Zone, buy.
If Nifty Opens, sustains and goes down in the Red Zone, sell.
If Nifty opens in the white zone, wait for the trend to reveal itself.
Ignore everything else.
Riskier approach (Ignore if you like playing safe)
If price opens in the Green Zone and crosses over to White, sell.
If price opens in the Red Zone and crosses over to White, buy.
All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
looks bullish!!!There is strong resistance at 8.45 based on a weekly chart. The orange line at 6.95 acts as a support line.
RSI is upwards at 63+. Good time to buy.
Hopefully, prices might follow the pattern in the future. It will be retested again at 8.45. As soon as it crosses the barrier, we might see some new heights for this stock.
NIFTY to break to a new ATH by Dec 2020NIFTY / Dollar index is a good way to gauge the co-relation between how Indian equities will do as and when the dollar moves.
A lot of fundamental news on the dollar this year, both bullish and bearish, however the chart is signaling a NIFTY breakoff against the might USD.
The last time it did in 2017 after a sharp sell off, we printed new ATH within a year.
NIFTY is "mega" bullish ATM.
Don't bet against India in 2021.
SELL SELL SELL!!!Every indicator is showing a downward direction. It's time to exit from this stock. Price is struggling to cross the parallel zone. And the MACD is about to cross into -ve. RSI is downwards and for Stochastic RSI, the crossover is happening
let me know your thoughts in the comments section.
#NIFTY .... A Story in one hour boxesIndia's main index, NIFTY 50, hasn't broken down though these one hour boxes, on a closing basis, since the massive selling on December 21, 2020.
A case for long NIFTY continues till the boxes keep getting marked up.
It can't be gainsaid that this is a market, in which one should move with Stop losses on a progressive basis.
NIFTY (NIFTY50) Is Looking Bullish But Watch Out For These ZonesTraders,
Nifty (Nifty 50) Index of India showed weakness around the the first FCP (Fibonacci Confluence Pattern) zone but pushed higher. It is still not looking strong right now for medium to long term. Having said that, do not fight the trend. Take profit profit but watch out for these zone if you are long on Nifty Index. If you are looking for short opportunities then these are also good areas. Whilst there has been weakness in US Indices (SnP500 / SPX500), US30 (Dow Jones) and NAS100 (NASDAQ) there was not much of weakness in Nifty50 except for a minor downward move at the start of the day. So watch out.
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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