Get started

Niftytomorrow

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.
NSE:NIFTY
by IIT-Trader
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. .
NSE:NIFTY
by IIT-Trader
NIFTY-Today bullish move created to exit the long positions??Observations: -------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign. -------->> Again showing bullish movement in nifty, witnessed buyers are still in control. today bullish move created to exit the long positions?? why don't we think sooo.... -------->>We suspect that if it is a false breakout in nifty above 18260 level , this time the fall will be below 18060 levels. -------->> At this point 18250 level, sellers are exists by showing a huge gap down , why don't we think of sellers may again push the price towards downside. --------->> If we consider these 2 levels, 18200 or 18100 they are not strong enough to push the price higher, so if price started falling it may clear all these levels, and we have an untested demand zone@17960 levels. NOTE: Is this false breakout above 18260. NIFTY- which level Holds 18200 or 18100 ??
NSE:NIFTY
by IIT-Trader
1
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 ??
NSE:NIFTYLong
by IIT-Trader
Nifty Prediction for Tomorrow - 27 Aprilon 26th April 2023 Spot Nifty Closed at 17813.60 (+ 0.25%) Pivot Level : 17784.18 Support Level : 17740.62/ 17667.63 Resistance Level : 17857.17 / 17900.73 Scenario 1 :- If Nifty closes any candle above 17863, we can enter in call option or buy futures for the target of 17950 with Strict Stop Loss of 17843. Scenario 2 :- If Nifty closes any candle below 17770, buy a put option or sell futures for target of 17650 with very small Stop Loss 17792. Scenario 3 :- If Nifty hits the stop loss in scenario 1 than ignore reentry in positive positive. Instead of positive, we can create negative position by buying put option or future selling with stop loss of 17875 for the target of 17650.
NSE:NIFTYShort
by InvestorDost