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Niftytrading

TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for MON 08/03 Hey all, Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-3 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. Good luck with your trading today and have a great week ahead! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Legend: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
Nifty Forecast: Teasing a short-term bull breakout Nifty’s recovery from Rs.10,557 has neutralized the immediate bearish outlook put forward by rising wedge breakdown and the short-term outlook would turn bullish should the price find acceptance above Rs.10,786 (today’s high). The 50-share index closed 0.19 percent on the day at Rs.10,753, keeping the descending broadening channel intact, as seen in the 4-hour chart below. The Fibonacci EMAs are beginning to curl up in favor of the bulls. More importantly, 8EMA is located above other EMAs, indicating bullish intraday outlook. . Further, Nifty is sitting well above the Fibonacci MAs, which are beginning to align in favor of the bulls. The 14-day relative strength index (RSI) is biased to the bulls (above 50.00). So, Nifty will likely cross resistance at Rs.10,786 on Friday, confirming an upside break of the descending broadening channel - short-term bearish-to-bullish trend change. However, if Nifty remains trapped in a descending broadening channel, then the focus would shift on the rising wedge breakdown. The longer the break above Rs.10,786 remains elusive, the more emboldened the bears will become and higher will be the risk of a sell-off to Rs. 10,400 (support of the trendline sloping upwards from February 2016 low and December 2016 low. View A confirmation of a descending broadening channel breakout is likely and would open up upside towards Rs. 11,000. After all, the long-term remains bullish while Nifty is holding above the rising trendline (drawn from Feb 2016 low and Dec 2016 low). Persistent failure to scale Rs. 10,786 would shift risk in favor of a drop to long-term rising trendline support of $10,786. Acceptance below the trendline would validate the rising wedge breakdown (bearish continuation pattern) and signal a long-term bearish-to-bullish trend change.
NSE:NIFTY
by OmiFX8
Nifty- What is Happening?- weekly reviewWe have seen profit booking is the last two trading session which was expected. I am still bullish on Nifty and my strategy will be buy on dips still it doesn't cross the H4 Trend line and daily support of 10428.Thanks to Mr. Trump and Syrian controversy that nifty will open gap down on Monday. I will recommend buy on dips. Recommendation- buy Only near 10425 with the stoploss 10380 For Target 10550 Below 10380 Nifty Will be very week.
NSE:NIFTY
by NileshChavan
Nifty Analysis & outlookThe previous high nifty made was @ 10137 on 2nd August 2017. Now it is about to test the same high again. There will be strong resistance between 10137 to 10150 (being round number). If it closes above 10137 - 10150 on daily chart it should be a buy with stop-loss at 10128 (...giving cushion to avoid whipsaws). If it tests 10137 it may retrace to support @ 9983-10000 before it breaks out of the 10150, which I see at intraday buy opportunity. To conclude, a break out above 10150 with good volumes would make it a high probability trade (HPT), with great Risk to Reward ratio.
NSE:NIFTY
by SunnyPawar