nifty will go down on 26/6breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side
Niftylevels
nifty daily analysis
Nifty opens:
side: if market give upside breakout after consolidation around 18830 then buy (PS-30% )
if market moves down then sell (70%PS)
gapup: wait for price-action trade on whichever direction it gives breakout(PS-20%)
gapdown: wait for further price-action and sell if breaks lower support (PS-100%)
NIFTY--Trending Breakout or Breakdown?? Observations::
The index is still in uptrend....
facing some resistance @ ATH...but no sign of bearishness is observed.
yesterday index is trading in a range....
if today this will range may be broken...and will observe a trending expiry...
Bullish expiry or bearish Expiry::
As long as price is above the 18700 it is bullish only....
if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again...
Fake breakdown may also be happen at this zone 18760-18740.
If price breaks @ATH, until which level we can expect..
after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise.
we cannot predict where it exactly reverse.. all these are our expectations only....
we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss..
so wait and watch the show...will have another day price will come back and move...
if it is fake breakout above ATH, will fall again...
Note::
BANKNIFTY broken ATH ...will expect nifty will also break...and reverse.
If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
Nifty levels for 22nd JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
NIFTY--Which is Support Trendline or Neckline??Observations::
If both failed price clears the 2gaps below.
The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone.
If this fall continue towards downside or will break ATH.
so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal.
ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level.
price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH,
if this showing buying pressure and not able to go up side....
sellers are aggressively take the price to below 18600 levels.
If we see we have a trendline support as well,
if price failed to break 18800 level after taking the trendline support.
Breaks the trendline then enter for short after a retest is done to trendline.
if no retest is observed then wait it will again comes back to the same range.
Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side.
if price opens below this also look for sell on retest to this zone.
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
NIFTY--Will Break ATH or Reversal??Observations::
In Higher time frames nifty is still in Uptrend...so we are also be with the trend.
The previous resistance 18650-18670 level, price exactly closed in this zone.
if this zone acts as support, price will rise again.
Nifty My-Levels for 19th June 2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas
TP 1: 18721
TP 2: 18635
TP 3: 18556
SL: 18810
use proper money management and this analysis is for educational purpose only and not a financial advise.
Nifty My-Levels for 16th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
nifty possible go down side from tomorrowAs we can see on the chart, the nifty has taken a lot of supports on one trendline and is almost about to break, and as we can see in today's market, bullish people entered and took the market as low as possible, so if they maintain this downside trend, the market will fall starting tomorrow(16/6).
NIFTY : Levels for 14th JunNIFTY levels
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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
I may be 100% wrong as its my personal view only.
NIFTY Analysis??observations::
Price closed @ Supply zone.
previously A strong fall is observed from this place...
In this zone price is again showing consolidation and moved up.
If it is a Accumalation + Manipulation = Only Dstribution is left.
if tomorrow price falls below the demand zone, then will go for sell on retracement to below levels.
nifty possible go down side from tomorrowI did an analysis on the 5 minute chart frame and its falg and road pattern, and nifty also gave a retest, therefore according to my analysis, nifty will open gap down on June 15th.
The information and publication are not meant to be,and do not constitute,finacial,investment,trading, or other types of advice or recommendations supplied or endorsed by tradingview.
Nifty My-Levels for 14th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Nifty My-Levels for 13th JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
FIBBONACI RETRACEMENT CONFIRMATION ON NIFTYAs it can be seen on the NIFTY chart, a Fibbonaci retracement plotted at swing low & swing high gave us an ideal zone to retest NIFTY levels which acted as a support and we saw an up move from 0.618 levels. A move from 18648 level to 18691 was observed.
Nifty Trade Setup (12-06-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Trade setup for tomorrow:
1.) If opens flat and takes support at trendline then will buy for target of PDH. If it breaks trend line and 1st support then will short for target of next supports ( 18470, 18450)
2.) If gap up or down then will trade only after clear setup. look for support or PDH/PDL as resistance and once good setup is formed i will trade.
Go long Go Blue. It might be a gap up/down morning tomorrow, but all we traders need to think is should we ignore the reversal pattern that erases bearish momentum at each interval since past 3 months, yeah because this will be the choice in front of you to decide whether we support the narrow lane of downside or enjoy the swift train which has stations above 19000 levels.
Nifty Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 12 - 16
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18530, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
Nifty daily analysisIf market opens above 18700 and then give breakout after consolidation, we can buy.
Nifty is not good zone for sellling. We can enter banknifty for selling if market opens with big gapdown.
Nifty daily analysisIf nifty breaks upper level of 18640 then we can buy in full quantity
if nifty breaks lower level of 18580 then we can sell in small quantity for a target of 30-40 points.
Big selling pressure will come only below 18500/18480 level.
so between 18640-18500 trade in small quantity
NIFTY--Turned to be Bullish Again??Observations::
Price is exactly closed near the Previous Strong Resistance,
If this acts as support will observe bullishness towards 18600,18700 levels.
If price breaks 18700 levels, it may touch ATH as well...will see this later, it will touch or not.
Until Keep watch these levels.
We have a demand zone @18200,which is a strong demand may acts as support again.
