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Niftyview

NIFTY--Trending Breakout or Breakdown?? Observations:: The index is still in uptrend.... facing some resistance @ ATH...but no sign of bearishness is observed. yesterday index is trading in a range.... if today this will range may be broken...and will observe a trending expiry... Bullish expiry or bearish Expiry:: As long as price is above the 18700 it is bullish only.... if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again... Fake breakdown may also be happen at this zone 18760-18740. If price breaks @ATH, until which level we can expect.. after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise. we cannot predict where it exactly reverse.. all these are our expectations only.... we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss.. so wait and watch the show...will have another day price will come back and move... if it is fake breakout above ATH, will fall again... Note:: BANKNIFTY broken ATH ...will expect nifty will also break...and reverse. If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
NSE:NIFTY
by IIT-Trader
NIFTY--Which is Support Trendline or Neckline??Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level. price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH, if this showing buying pressure and not able to go up side.... sellers are aggressively take the price to below 18600 levels. If we see we have a trendline support as well, if price failed to break 18800 level after taking the trendline support. Breaks the trendline then enter for short after a retest is done to trendline. if no retest is observed then wait it will again comes back to the same range. Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side. if price opens below this also look for sell on retest to this zone.
NSE:NIFTY
by IIT-Trader
The Question is When will Nifty Hit the All Time High? Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time high of Nifty. Supports for Nifty are near 18790, 18752 and a strong support of 18726 followed by supports at 18660 and 18500. So the answer to the question The Question is 'When will Nifty Hit the All Time High?' is very soon. It can be later this week it can be tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
2
Nifty Trend in the month of June 1. On the Daily chart since March, there has been an ascending channel trend in the nifty. 2. On the 4HR chart, Ascending Broadening Wedge 3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior. this is expected at an All-time High level. The next 10 days will unfold more clarity on chart pattern & sentiment. In conclusion, a Large timeframe shows bullish sentiment & shorter there is indecision.
NSE:NIFTY1!
by OK_Rane
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas TP 1: 18721 TP 2: 18635 TP 3: 18556 SL: 18810 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
NIFTY 50 BEARISH MOMENTUM CONTINUESNIFTY 50 made a bearish reversal yesterday from 18790 area after taking liquidity grab from daily and weekly resistance of 18780. I have been predicting this trend reversal from last two days and yesterday we successfully hit our first profit target around 18721 which we documented (link below). This idea is a continuation of our previous predictions and we are still bearish for NIFTY 50. The current bull run from 18670 to 18780 seems to me as market manipulation by big players to hunt more volumes. so those who were still bearish trade with us from yesterday can add more lots at current price if they wish at current price of 18780 with below possible take profits and stop loss area TP 1 : 18635 TP 2 : 18556 SL : 18811 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: 18383 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar