Nifty Price Forecast for May and JuneNifty Price Forecast for May and June, July.
Note: Only if Nifty price does not hold above 18350 to confirm this prediction.
Niftyintradaylevels
NIFTY-Trendline-Retest-Gap Down ??Observations::
GAP DOWN opens
---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels.
---------->> Previous supply zone @18200 level resist the price to go down.
If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels.
if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 18060 levels.
12/05/2023 NIFTY SUPPORT AND RESISTANCE ZONEAfter 2 weeks nifty now trade under the range zone . right time to enter for short
NIFTY--Breakdown happens ??Observations::
---------->>Price opened gap up and observed a strong fall + consolidation.
---------->> Previous supply zone (gap down) range @18260 level resist the price to go down .
If tomorrow price breaks this level, we will observe a strong fall towards 18200,18120 levels.
if price again breaks 18180 levels, 18120 level acts as a pullback to 18180 level, at this level previously strong sell off is observed, here
(18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels.
---------->> we have an untested demand zone @17960 will push the price upwards again.
---------->> Be careful at (18200-18120) and 17960 levels.
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Nifty 50 Index Next MovePair : Nifty 50 Index
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Upper Trend Line and Retracement
Divergence - RSI
Break of Structure
Completed " 12345 " Impulsive Wave and " ABC " Corrective Wave
SMC - CHOCH
Fibonacci Level - 78.60%
Nifty support level for 10 MayNifty yesterday sentiment is downward, Nifty may test the level of 18150 tomorrow.
As Dow Jones future showing negative right now, let's see what will happen in today's session in Dow Jones.
Overall sentiment of nifty is positive, so we try to buy on dips.
Nifty Analysis - March 9Nifty has formed double top.
We need to wait for the breakout.
Once it crosses 17650, breakdown is confirmed, Target will be 17300.
Note: This is for educational purpose.
NIFTY--Retracement is to Enter Long Again Not for Sell ??Observations:
-------->>Nifty trending upwards (after a huge gap down means not to sell, its a retracement)
---------->>After a strong bullish movement, after breakout from 17800 levels,
----------->>Nifty gives larger retracement towards 18050 levels, this retracement is to enter again long with the momentum upside towards 18300,18500 levels.
--------->> consider this an opportunity to enter long from these zones, not to enter for short.
--------->>Nifty showing pressure on bearish side, but wait and enter for long here, leaving a demand zone @18000-17960 levels. Be on long side with the movement.
NOTE:
NIFTY- Bullish from this zone 18000-17960 ??
Nifty Intraday trade set-up 8 May 2023NSE:NIFTY
Important levels for tomorrow
If ₹18050 is broken
Short entry: ₹18040
Stop Loss: ₹18100
Target: 1) ₹17920
2) ₹17800
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
#Nifty50 Monday trend levels #Nifty50 Monday trend levels ,As I said in BN post, Nifty is also strong and more likely to go up to 18500 range before bear trap. Wait for bearish confirmation below 18000.
Manappuram Finance breakdown analysisManappuram Finance is trading in down trend now a days and looks like it is going to test Rs 82 level soon. We should watch the defined level on charts where you will get a brief idea about trading idea on this counter. Important levels to watch before trade:
Sell Below : Rs 100 only on closing basis
1st Target : Rs 90
2nd Target : Rs 82
Strict Stop loss : Rs 107
Nifty and US Markets have Negative Divergence. Since SGX Nifty runs through US Futures, and Nifty opens, stands after the story ends for SGX futures price. Yet, there have been disturbing divergences in Indian and US markets due to FED RATE HIKE. It's the season of Results and a developing nation's economy hardly upsets the stakeholders, given that Indian markets rallied a while, took some consolidation, ran again now they have gotten awaited a hall of stoppage. US markets might recover from the bottom they have formed they mostly do, but Nifty Index has lasted a rally too good to be true. Everyone is bullish that is why DIIs are selling, even though FIIs are buying daily. But a day like today says little more to come.
Nifty Intraday trade set-up 5 May 2023NSE:NIFTY
All levels are visible on the chart.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
NIFTY--Gap down occurs @18260 level??Observations:
NIFTY Previously showing Strong bearish pressure at this level.
NIFTY-- Price leaving a demand zone 18180 if this level acts as support, price reach again 18260 level.
--------->> If failed to act as demand zone the same zone is acts as Supply again and price falls back to below 18180.
--------->> Go short below for targets of 18060,17950 levels.
Nifty little chartNSE:NIFTY
Nice trends we have here.
Makes me want to jump on this train and gab some scalps
Nifty intraday trade set-up 4 May 2023NSE:NIFTY
Strategy: Short
Risk to Reward Ratio: 4.9
Never trade a short without a stoploss.
*Not a financial advice.
My charts speaks louder than words.
I'm a chartist and I paint charts.
NIFTY--Drop-Base-Drop Form??Nifty Observations:
-------->> After opening gap down ,showing bullish pressure but not able to fill the gap on upside.
-------->> Consolidation is observed .
-------->> Go short if price breaks 18070 level, for targets of 18020,17980,17960.
-------->> Expiry may limit the price movement in the range 18100-17960 levels.
Nifty intraday trade set-up NSE:NIFTY
Have a look at the support and resistance and the possible yellow line movement.
Never trade a short without a stoploss.
*Not a financial advice to buy or sell. Only speculations.
My charts speaks louder than words.
I'm a chartist and I paint charts.
#Nifty50 trading levels for may 2nd#Nifty50 trading levels for may 2nd. Develop your intraday trading skills with these levels.
#nifty50 Friday trading setup #Nifty50 Friday trading setup. Trade only after the 15 minute candle closes the levels shown. Bearish below 17800 – Bullish above 18000
NIFTY --Strong Support @17840 -17800 ?? or Reversal @17500Note:
Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels.
It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level.
If this level acts as support, weekly expiry is expected to be bullish to consolidation at (18100-18200).
Observations:
After trending upwards in NIFTY yesterday, today the price continuously moving upwards,
They are now poised to reach untested supply zones at 17920-18100 levels.
However,, and if any of the previous supply zones act as support, the price could move back upwards.
Nifty--Expiry Levels.Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800.
As a result, it is expected that there will be a swift retest of this level, followed by a price increase.
Support range is 17800-17840 levels.
However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels.
It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
