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NIFTY - Next week Analysis🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:NIFTYLong
by PrakWorld_Traders
Nifty update on 20th December 2021Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has closed lower than 17,000 and is testing its strongest demand zone again (16.800 to 17,000). India USD and SGX are trading on a flat note, and I am accepting a small gap up or a flat opening. 30 Minute time frame ======================== Intraday Resistance: 17,110 Intraday Support : 16,950 Long can build above 17,110 for the target of 17,200 High Probability trade is short side lower than 16,950 for the target of 16,850 .. You can hold your position if 16,800 breaks in the intraday. Daily Time Frame ================== Index wider range is 17,650 to 16,800. The Index is going to test its demand zone again. A breakdown will cause more bloodbaths, and Index can test 16,000 in a couple of weeks. Trade Accordingly. Good Luck
NSE:NIFTY
by CodeViser
Nifty update on 13th Dec 2021Good morning everyone, I hope you guys have a great weekend. Now time to get back to work and talk about the first trading day for this week. The Index is trading on the hourly resistance (17,600 to 17,650), and a breakout can change the hourly trend downtrend to an uptrend, but the problem is that the higher time frame is still negative Intraday is a bit risky these days. India USD and SGX are both trading on a positive note. CMP is 17,657, almost 150 points up from our Friday closing, so there are higher chances of seeing a gap again. Intraday Trade Setup on 13th Dec. 2021 ===================================== Intraday Resistance : 17,600 Intraday Support is: 17,380 Key Resistance : 17,840 Key Support:17,000 Trade Accordingly. Good Luck
NSE:NIFTY
by CodeViser
NIFTY-ANALYSIS-08-DEC-2021Long story short : Monday Price opened below resistance zone. Pushed price all the way to its weekly support zone. On Tuesday , opened just above the support zone (target 1 on my weekly analysis) and bounced back to resistance zone. We are almost back to where we started this week FOR ANY UPMOVE, PRICE NEEDS TO SUSTAIN ABOVE THIS LEVEL. Downside, 17074 will be immediate support. Breaching that level will take nifty to lower levels 16988 & 16903/16881 respectively
NSE:NIFTY
by THINKBULLISH
Nifty Update on 06th Dec. 2021 We have seen a 300 Points straight fall in the Friday trading session. The Index is falling with every rise. I have tried to explain the current market cycle in the daily time frame chart. Nifty has made a bearish long day candle in the daily time frame, completely engulfing the long bull candle of the previous session. Technically, such patterns are formed at the highs, and the area is considered a reversal pattern on the downside. Wall Street's three leading indices fell on Friday, with the technology stocks-heavy Nasdaq Composite tumbling 1.9 percent, as investors bet that a strong jobs report would not slow the Federal Reserve's withdrawal of support while they grappled with uncertainty around the Omicron coronavirus variant. European markets also dropped earlier in the day, with the pan-European Stoxx 600 index declining 0.6 percent. The overall sentiment is Negative. Nifty Intraday Trade Setup for 6 Dec. 2021 ====================================== Intraday Support is: 16,150 Intraday Resistance is: 17.350 Key Resistance is: 17,600 Key Support is: 16,780
NSE:NIFTY
by CodeViser
2
Nifty Still under Pain Hi Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days. One more finding is as per hourly chart that we have completed A from ATH & now we are in B but i am not so keen to consider these counts because yesterday fall looks impulsive if not then Nifty has to cross 17330 level to negate impulsive down. Best of Luck.....!!!
NSE:NIFTYShort
by VK100982
Nifty Update on 03rd December 2021Nifty has shown a trend reversal in the hourly time frame, breaking the critical level (17,350) and closing above on it. The daily trend is bearish, and the hourly trend is bullish, which creates confusion in intraday. You Guys need to understand both of the time frames to build your trade-in intraday. In a shorter time frame, the Index can move upside, but swings are messy because daily sentiment has not changed yet, and FIIS continues selling in the market. SGX and India USD are trading on a flat note; the Current CMP is 17,419, a sign of a small gap or a flat opening. Important support to watch in the Intraday is: 17,300 to 17,25 Important Resistance watch in the Intraday is: 17,500 Trade Accordingly.
NSE:NIFTY
by CodeViser
Nifty update for 29th November 2021Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first because the harmonic has multiple levels, so we need a sign for reversal. India USD and Sgx nifty both are tradings on a negative note. The current CMP is 16,952 means they managed to close lower to 17,000 and break the Phycological support and a sign for a gap down opening. Intraday Setup for 29th November =========================== The Key Resistance is 17,300 Intraday Resistance is 17,100 Intraday Support is 16,900 The Key Support is 16,750 Welcome to Bear Market. Stay safe. Good Luck
NSE:NIFTY
by CodeViser
2
Nifty Trade setup for 25th Nov. 2021First of all, I want to apologize for not sharing any morning analysis from a couple of days. I have taken a small break from my morning activities because of some health issues. Let's talk about the market sentiment first. Today, I have shared two charts in the daily time frame and the second in the hourly time frame. Both show negative sentiment. I shared my long-term view on Twitter a week ago when the price was trading on 17,900, and given the first target is 17,300, and it's hit in a week now, we are heading at 16,650, but We need to wait for 17,000 to break. Intraday for 25th Nov. Monthly Expiry ================================= India USD and SGX both are trading on a negative note; the Current CMP is 17,369, 40-45 points below our market. A Flat or a small gap down is accepted. Key Resistance is 17,600 Intraday Resistance is 17,500 Key support is 17,260 Intraday support is 17,370
I
by CodeViser
Nifty Update on 17th November 2021Nifty Update for 17th Nov 2021 ================================= Good Morning Everyone, Index behavior is falling from every rise, which is a clear sign of a downtrend market, but We still need confirmation and a clear structure. India USD and SGX both are trading on a negative note, a small Gap down accepted. I have posted 2 Images, One is in the daily time frame, and the second is in the hourly time frame. Daily time Frame ================== The Index has never broken its swing low since April 2020, which is a sign of a very bullish market; 17,600 is the previous swing low, so this level is Important support. We can see a good correction if it's Broken. The Index can change its current structure if broken and sustained above 18,220. In short, the Market cycle and structure both are missing here, and we are Trading in Indeciosn Market. Intraday Setup for 17TH Nov ( Hourly time Frame) ======================================== 18,030 is an Important level and can act as resistance in today's Intraday, Build a long Position if the Index breaks and sustain above in the first hour. For short, you guys need to wait for 17,900
NSE:NIFTY
by CodeViser
1
Nifty Trade Setup for 15th Nov. 2021Good Morning Everyone, The Market mood and sentiment confusing in the last week, and we have seen a consolidation phase without a clear direction, but in the Friday trading session, Index has given an excellent up move and managed to close above 18,102, which is a good sign for the bulls. 18,150 is a critical level in this week and in today's Intraday as well. Closing above 18,150 will give a new direction, and Index can test 18,430 again, but if Index fails to sustain above 18,000 then we will see more pain this week. The range is very tight at this point, so Be careful. India USD and SGX Nifty both were trading on a positive note, and the Previous closing was 18,180, which is a sign of a flat or 30-40 point gap up opening Intraday & Key Resistance is: 18,150 to 18,200 ( Build along on a breakout) Intraday & key support is 18,000 ( Build a short Position in Intraday) Trade Accordingly
NSE:NIFTY
by CodeViser
1