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!
Niftylevels
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.
NIFTY TRADE SETUP 02 JUNE FRIDAYBuy Above 18530 (WITH SMALL QUANTITY)
For Large Move Buy Above 18580 (WITH FULL QUANTITY)
For Large Move Sell Below 18460 (WITH FULL QUANTITY)
RESISTANCES AT UPPER LEVEL
R1 : 18625
R2 : 18677
R3 : 18733
SUPPORTS AT DOWN LEVEL
S1 : 18455
S2 : 18399
S3 : 18355
S4 : 18320
NIFTY--18700 or 18500 Observations::
---->> Price is trading in range after opening gap up.
consolidation + Bullish = Sell @ Resistance.(18700 Resistance)
Consolidation + Bearish = Buy @ Support (Gap may acts as Support.)
If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area.
if price comes back to 18450-18500 levels, look for buy.
if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell.
Previous strong resistance may turned to be support @18450 range.
#Nifty50 trading setup for Monday #Nifty50 trading setup for Monday. Critical levels from 18550 to 18588 are marked. I expect a gap-up breakout in Monday section.
NIFTY--18700 Or 18200Observations:: NSE:NIFTY
----->> if we see monthly candle it is a strong bearish candle,
------>> If we see weekly analysis , price enters into a zone where previous strong rejection area.
we are still in that area , High of that area is 18700.so we will buy up to 18700 area.
------>> If we go for daily analysis , price enters in that area and showing downward pressure,
price created a support in the zone @18060 level, while entering in to the resistance area.
so that level acts as support and price moved to the resistance zone again with strong bullish candle,
and breaks the previous resistance @18460 level.
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Now we can see the clear picture,
Case1::
If Yesterday strong bullishness is a manipulation and fake breakout above 18460 level,
we are going to sell below 18400 where previous strong resistance, for the target's of
18360-18320,18260,18200 only.
while breaking the resistance @ 18460 price created a support @18200 level which is a new support.
case 2::
If this is a strong breakout, we have a next resistance @18700 level,
we will continue to move in the same direction, but a retracement is needed to go long,
after breaking the resistance @18460 levels no proper retracement is not seen.
if retracement is done to these levels, 18460-18400 levels and will go for buying above 18460
for targets of 18500,18570-18610 and 18700 levels.
@18570-18610 level previously bullishness and bearishness is observed @ same zone.
So clearly this week price is ranging above 18200-18700, in the middile we have resistance @18460 zone,
if this zone acts as support we go for buying up to 18700 levels,
if again acts as resistance will go for selling up to 18200 levels.
NIFTY--Strong Supply@ 18440-18460 ??Price is exactly closed in the strong Demand zone, which is previous supply zone.
if this zone acts as support, price will go up, up to the next resistance @ 18438-18458 range. Résistance + supply zone. = Strong push to downwards may observe.
Today's fall is due to previous supply zone @18400 levels, We are left with one supply that is not tested @ 18438-18458 levels.
Look here for sell for the target of 18360 and 18260, if price falls below keep in the trade up to 18000 levels.
Keep note ::
Price may be consolidate between the supply@ 18400 and supply zone @18440 levels, enter on breaking the 18400 and retest of any supply to below levels.
If price is not able to break and still in the same range the expiry neutral.
NIFTY-- 18500 or 18000 ??Observations::
Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish,
we have one more supply zone below @18260 if this pushes the price up again bullish ??
After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels.
consolidation + down move= up side
Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish.
------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels.
-------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels.
18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels.
-------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
Nifty trade plan for 22-05-2023Price filled the gap and started bullish price action on Friday
Positional to intraday set up with support and resistance is marked on chart to trade for Monday
The structure again looks like buy on dip set up until high printed on 15 may is touched again
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NIFTY--Supply acts as Demand@18260??Observations::
--------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels.
---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level.
If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed.
Supply Acts as Demand@18260 level.
keep track this levels.
Key level of support: 18060 and 17960 levels.
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Nifty : 19.5.23 - low risk trade1HR chart :
- Fib 61.8 retest
- W pattern, price at base
- Bollinger band outside-inside
- RSI divergence
Sell volume lower than yesterday
Resistance : 18300
Support : 18150
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly.
-------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed.
--------->> now price wants to test which level,18260 level where a strong gap down occurs previously.
---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones.
Key level of support: 18060 and 17960 levels.
Note:: Expiry will close in the range 18160-18340 Range.
Keep track these levels.
Nifty 50 Sell MoveThe NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited. NSE:NIFTY
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.
