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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 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.
CME_MINI:NQ1!Short
by INDEXKING0
NIFTY--Retracement or Reversal ??Observations: --------->> After a strong breakout in nifty @17800 level, no proper retracement is observed. --------->> If 18200 acts as resistance we will observe a retracement towards 17800 or 17500 levels. --------->> If price break 18200,we have an immediate resistance @18250-18300, a false breakout may happen here @18200. ---------->>Price wants to test the previous supply @ 17800 level which may act as demand zone to move the price towards upside for the targets of 18200,18500 levels in the upcoming weeks. --------->>This week price is ranging between 17950-18200 levels. Note:: Consider it as a Retracement not a reversal in NIFTY.
NSE:NIFTY
by IIT-Trader
1
Nifty Prediction for Tomorrow - 2 MayLets discuss tomorrow Nifty Prediction or Scenarios: on 2 May 2023 Spot Nifty Closed at 18065 (+ 0.84%) Pivot Level : 18013.10 Support Level : 17937.05 / 17809.10 Resistance Level : 18141.04 / 18217.10 Scenario 1 :- If Nifty open near 18120, we can enter in call option or buy futures for the target of 18180 with Strict Stop Loss of 18095. Scenario 2 :- If Nifty open near 18180, buy a put option or sell futures for target of 17985 with very small Stop Loss 18205.
NSE:NIFTYShort
by InvestorDost