BULLs In-charge: NIFTY formed BULLISH ENGULFING pattern on DailyNIFTY today formed almost a Bullish Engulfing candlestick pattern on Daily charts.
Today's candle is more like Bullish Marubozu which suggests strong Bullish momentum.
BULLS are in complete charge of the market and looks like there is a Buy on every small Dip.
Now, BULLS have to break above a crucial resistance between 16665 - 16700 levels, if its able to break above it then next Target would be 16900 levels.
On Downside, NIFTY can take support from 16400 - 16490 levels, if that is broken then on downside we can see NIFTY levels of 16200.
Niftyview
NIFTY approaching Sell Zone, if it breaks next target 16484 lvlNIFTY has taken a strong support and inching towards the Sell zone from 16387 to 16412.
If it breaks this levels next target is 16484 lvl and it it is able to break this level of 16484, then there would be huge & quick upward rally to fill up the gap between 16484 - 16624 made during the starting of May 2022.
Nifty Intraday Trade Setup for 23rd May 22 (Trading Idea)Let me know if you have any questions in the comment
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Nifty 50 Intraday Trade Setup for 23'rd May 2022 Index once again faced a strong rejection from 16,350 levels in the morning trade, which continues to be a hurdle. A short-term trend-reversal is possible only if the immediate resistance at 16,400(rounded off) is broken and sustained, which in turn will activate the ’XABCD’ pattern and can fuel a small rally towards 16,700-900 levels (Half Bat resistance also). The index has once again created a strong base for the 2nd time in this down move at 15,700 levels (‘triple bottom’). Base created previously at 17,000 levels could not be held on to, and the down-move continued. 16,400-15,700 is the critical range for the week. The intermediate trend remains negative, and we are currently in the pullback phase of the down-move.
Nifty Analysis/Prediction for tomorrow 20-05-2022 (Friday)NSE:NIFTY
For flat Opening
🟢 Avoid CE
🔴 Buy PE, if price closes Below 15730
👉 Target should be 15550
For Gap-Up Strategy (below 16320)
🟢 Buy CE, If price closes above 15920
👉 Target should be 16020
🔴 Buy PE, if price closes Below 15775
👉 Target should be 15550
For Gap-Down Strategy (Below 15700)
🟢🔴 Avoid Trading
Nifty Analysis/Prediction for Expiry Day 19-05-2022 (Thursday)NSE:NIFTY
For flat Opening
🟢 Buy CE, if price closes above 16320
👉 Target should be 16403,16480
🔴 Buy PE, if price closes Below 16220
👉 Target should be 16130
For Gap-Up Strategy (below 16320)
🟢 Buy CE, Near 16260
👉 Target should be 16403,16480
🔴 Avoid PE
For Gap-Down Strategy (Below 16225)
🟢 Buy CE, Near 16125
🔴 Buy PE, If price closes 16120 (with less QTY)
👉 Target will be 16000
Nifty is in down trendPrimary Trend for a week on a 15 min time frame is uptrend. But last 1 one hour of previous trading day there was a huge selling. Nifty has fallen about 300 points and closed at 17111.06 that is below near weekly pivot of 17102.55.
Nifty is trading between 16800 to 17400 for 2 weeks. Everytime it broken 17000 on lower side it took support around 16800 to 16900 and bounced back to 17000. In previous fall there was a support around these levels that's holding the nifty from falling.
Because of weakness in global markets SGX nifty indicating open gapdown about 200points at 16900. That is Far below daily pivot of 17177.82 and weekly pivot of 1722.97
Pure Bearish form of NiftyHere I am mentioning 3 possibilities for Nifty 50.
Scenario 1: if Nifty breaks down to 16400 - 16300 to reverse, then it is an Inverse Head and Shoulders.
Scenario 2: Nifty May drop to 15500 around to form a double bottom on weekly and then reverse.
Scenario 3: This is worst of all, if nifty drops to 14200 then it confirms a Megaphone pattern.
Overall Nifty is in the corrective territory.
Nifty Intraday Update for 19th April 22Nifty 50 Index started the week on a negative note, in continuation of the prevailing correction phase. After a 280 points gap-down opening (slightly below the ABCD target of 17218) amid weak global cues and lower than expected results from heavyweights like Infosys and HDFC Bank, the Index continued to trade with a negative bias before recovering some of the losses towards the second half, taking a bounce from hourly support. The index is now back to the range of 17000-17450, where it was stuck for 2-3 weeks during last month.
The global cues as well as the outcome of Q4 earnings will continue to add volatility in the coming sessions. Hence, one should remain cautious during the intraday.
India 50 USD Index Analysis
Higher Time Frame (4H): The Index has formed a XABCD pattern and has given an indication of a correction of its downward impulse which started from 17920 levels, taking a bounce from its PRZ level. This level has acted as good support in previous instances as well during last month. A half-bat pattern is formed at 17500 levels which also happens to be the major previous swing high and is an important resistance. Price breaking and sustaining this level can give a good upward momentum, confirming the trend reversal.
Intraday
===========
Lower Time Frame (1H): Having identified a potential reversal in the higher time frame, we will now drill down into the lower time frame to identify more precise levels for intraday. The index has given a good closing, breaking the downward trendline resistance, and is likely to face its next resistance at 17340, and the day low of 17100 is expected to act as good support (PRZ Levels as per XABCD). We are likely to see a range-bound market if either of the levels is not broken.
Nifty 50 Updates for next weekNifty 50 Index Analysis – Daily TF
Nifty 50 Index has given a straight run to 18100 levels (making a new swing high) after hitting a low of 15800 (impulse) during March 2nd week and is currently in a correction phase. As we all know every impulse has a correction, a correction for the straight impulse is inevitable and the market always moves in such a manner. A half-bat pattern is formed at important Fibonacci levels of 0.5 and 0.618 retracement at 16900 and 16600 respectively. This range is expected to be a strong demand zone for the Index in the coming weeks. As the market is going to open on Monday after a long gap it is important to keep in mind the important triggers that may set the momentum for the coming weeks.
Nifty 50 Index Analysis – Hourly TF
Having made a slightly bearish view in the larger timeframe, we will now analyze the index in the hourly time frame. As can be clearly seen in the 2 HR charts, the index is making lower lows and facing resistance at the blue trendline, which is holding this downtrend. Any reversal is possible only when an important previous swing (17660) is broken and sustained. We are also in the 3rd phase of the Elliot wave (downside) the ABC pattern will get activated when the 17450 level is broken, indicating more pain during the week. This is very likely considering the fact that SGX Nifty has given a closing of 17300 and we can expect the Index at 17200 levels. Further, with the earnings season kicking off, the Index is likely to be volatile.
Nifty view 13/04/22.Nifty has created a gap an has traded in a range.
It took support from its 20ema on daily time frame and 200 ema on 30 minutes time frame.
Support :- 17520, 17425, 17325
Resistance :- 17590, 17670
If the level of 17670 breaks the market will cross ita Resisitance level and 200 ema on smaller time frame.
Wait and watch the price action near the levels.
Just remember to watch for a break out as tomorrow is expire and gaps can be filled.
Nifty-08/04/2022-LevelsHello Traders,
Nifty-08/04/2022-Levels
------------------------------
If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of PDL (SELL)
-------------------------------------
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty : Daily AnalysisAfter yesterday's BIG move due to HDFC Twinc now Nifty need to be cool down to go more.
Currenlty, Nifty is trading in triangle patter. its verymuch imporatant for Nifty to corss yesterday's high and sustain. currently it is forming double top patter on 15 min time frame.
Down side 17900 is very much important support zone for Nifty. if nifty sustain and not cross it, we may see 18340 - 18500 and 19220 possible by April end.
If not sustain & break may go 17730
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty50 view for 29/03/2022Market was volatile today and during the second half gave a up move and consolidated near the resistance zone.
Nify has closed below the 50% of fib levels and Resisitance zone.
Market looks bullish for tomorrow but has remained volatile in 17200-500 range.
Support :- 17190, 17100
Resistance :-17225-30, 17320
Wait for the candlestick pattern to form near the levels before entering the market.
NIFTY : Analysis for 24rd MarNIFTY taken resistance from weekly time frame & reversed back. As mentioned yesterday Nifty unable to cross major resistance.
Now we may have to wait more.
Nifty levels for tomorrow available on chart
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty : Intraday LevelsNifty
Bonce Perfectly and ready for gap up opening.
Support & resistance are on chart
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty50 view and tradr setupNifty closed on a bullish note on last trading day.
Market trend reversed in the second half of the market.
Nifty is just below the resistance levels of 17321-17340.
Support levels:- 17190, 17100, 17000
Resistance levels :- 17340, 17500, 17600
Wait for the market to give a movement in either direction. The market may consolidate as market moved very bullish in second half of the day.
Proper price action near the levels will give a confirmation for trade setup to enter.
NIFTY : Analysis for 22nd MarNifty traded as per our yesterdays levels
today its traded between one range and taking support & resistance accordingly.
once we can see bullish candle near support or Bearish candle near resistance we may enter with small SL.
You can study at your side before entering in trade.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing