Nifty Trade Plan August 16Trade Plan – Probabilities and corresponding Plan!
Resistance / Supply zones - Marked in black
Support / Demand zones in green.
If the market opens flat –
1) It may again pick a supply at Friday’s high region and move down till Yesterday’s low region – demand 19350-19295. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action.
2) It may move beyond Friday’s high region and take a hit at the Trendline supply region 19510-19532. One may initiate shorts based on setup confirmation, ride till yesterday’s low region, and then continue further based on price action. One may look to go long only post a solid consolidation price action above Friday’s high zone.
3) It may directly move down to pick the demand at Yesterday’s low region, 19350-19295, and then consolidate or break yesterday’s low. One may look to sell this only post a consolidation price action at yesterday’s low region. One may look to buy the dip if there is a consolidation price action post the down move.
If the Market opens gap down –
1) Beyond yesterday’s low region, long unwinding may happen leading to a fall till 19235 - 19185 – next support zone. One may initiate shorts if aggressive if not wait for a small rise to short the market further. Or even wait for a reversal price action opportunity post-consolidation.
2) If the market opens between yesterday’s high and close with a decent gap down, will look to go long or short only based on consolidation price action post 10 AM. If the market consolidates and breaks yesterday’s low then one may initiate short. If the market consolidates and moves up, then can go long till yesterday’s high zone. Will ignore if yesterday’s low is broken immediately and wait for an opportunity as per 1.
If the Market opens a gap up –
1) One may initiate shorts based on setup confirmation as there are too many supply zones and ride till the demand zones are marked. One may go long only post a solid consolidation pattern at the Trendline region as there are too many supplies between 19462 – 19640.
Happy trading!
Recipe for a Successful Trader - Rules for Entry, Risk Management for Exit and SL, Discipline in all Aspects, Zero tolerance to Overtrading.
Niftytradingidea
Nifty Elliottwave update 04/07/2023Hello everyone,
Here is our update on NIFTY in ELLIOTT WAVE perspective.
Nifty is about to complete 5th wave.
Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
Nifty Trade Setup (02-June-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 today :
1.) If opens flat and take support at current level i will buy for the target of Resistance Zone marked in chart. If doesn't hold yesterday support then will look for short for target of next support zone.
2.) if gap up will wait for price action form to see if any good setups are forming like yesterday.
3.) If gap down same as point 2.
Hit like if you feels so :)
In Short Medium Term Nifty & Nikkei are Correcting DownsideAs we can see on the above chart, Nifty & Nikkei have two different Corrective Structures . Nifty and Nikkei is a ABC and WXY correction respectively. So the Right Side in the short medium term is down or turning down . Now we expect that the correction will be completed in the end of third quarterly, 2023. At this moment we only identify Nifty with bullish structure for daily time frame. It's also important to continue checking the correlation of Asian Indices with European and American Indices as we're doing.
Simple Trade Setup | NIFTY | 18-04-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 18-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty trading setup for 10/01/2022Nifty making a bullish flag on hourly chart.
Trade this breakout target will be 18040.
One day closing above 18050 will take nifty to 18200.
On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip.
Bullish trend support is placed at 17600.
Closing below 17600 will make nifty bearish again.
Nifty Futures Key Trading Levels for 19th Oct 2021Nifty Futures Key Trading Levels for 19th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading levels for 11th Oct 2021
Nifty Futures Key Trading levels for 11th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading levels for 7th Oct 2021Nifty Futures Key Trading levels for 7th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Futures Key Trading levels for 6th Oct 2021Nifty Futures Key Trading levels for 6th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty50 Key Support & Resistance for 5th Oct 2021Nifty50 Spot Key Support & Resistance for 5th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Futures Key Trading levels for 5th Oct 2021Nifty Futures Key Trading levels for 5th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Futures Key Trading levels for 4th Oct 2021Nifty Futures Key Trading levels for 4th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Futures Trading Levels for 22nd Sept 2021
Nifty Futures Trading Levels for 22nd Sept 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
Nifty Futures Trading levels for 21st Sept 2021
Nifty Futures Trading levels for 21st Sept 2021
based on Camarilla Pivot Points
Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor for before making trading decision.
Nifty Update (31st August 2021)Nifty Update (31st August 2021)
================================
Nifty rose 225.85 points or 1.35 percent to its record closing of 16,931.05. It touched an all-time intra-day high of 16,951.50 in the previous trading session on 30, August 2021
For Today
According to IND50 data, we are likely to see a flat to a negative opening in the Indian Indices.
Our ABCD harmonic pattern got activated and has achieved all its targets in the previous trading session and has also given a dot correction from the Harmonic PRZ.
16,950 is a major resistance, until and unless this level is not broken the Index will not be making a new high.
We will be considering the pullback as a buying opportunity as 16,790-16,730 is the demand zone.
There’s a high probability: That Index may form a wider range today. We’ll be trading according to our range strategy but with a minor tweak by marking the range of 45 minutes instead of 30 minutes today and wait for it to break on either side.
We will be giving more preference to Options Selling today and buying will only be considered from resistance and support zones.
Trade Accordingly!
NIFTY 13155 ALMOST ALL TRADERS LOST THEIR MONEY IN THIS BEAR TRAP,
REASON; FII selling in cash is ignored, blue colour numbers are long/short positions
15000CE writters burnt their fingers YESTERDAY, 14700PE writters today.
NOW the bears took control till 17 th may upto 13155( ''C''Wave begins)
Ride on right side
Happy trading