Niftyview
SIMPLE NIFTY ANALYSIS FOR 8/5/2021NIFTY MAKE NEW ALL TIME HIGH AND MADE DOJI ON 5/2/2021,
ABOVE NIFTY SPOT 15020 LEVELONE CAN LONG NIFTY FUTURE.
BREAKING NIFTY SPOT 14850 LEVEL ONE CAN SHORT NIFTY FUTURE.
ON MY PERSONAL VIEW DOWNSIDE HAVE LIMITED TGT BUT UPSIDE HAVE HUGE TGT TILL 200-500 POINT.
THIS IS MY PERSONAL VIEW, PLZ TAKE ADVICE YOUR FINANCIAL ADVISER BEFORE TAKING ANY TRADE ON MY VIEW.
Nifty 50 Intraday Trade Setup for 28th January 2021Good Morning everyone,
Today's analysis is on India 50 because our Nifty has not enough data to show and I have interested more to knows the FIIS positions. India 50 is listed in Oanda and mostly FIIS positions are there. A clear sign that FIIS are started to book their profit. You guys need to understand the differences btw Profit booking and in Sell off. The current downfall is the correction for the previous bull run. According to India 50 13,700 to 13,800 is the first stop the current fall. Remember this is Important support for Nifty 50 as well. Harmonic ABCD pattern is sitting on 13.716 so book your swing position before this level. If Index failed to hold this level then we will see more pain and Index can go to their next support but I strongly believe that Index will respect harmonic prz . A small bounce can be expected.
Trade setup
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FIIS in profit booking mode and the Index is going to open with a gap down might be 100-150 points. Due to expiry, there are higher chances to see a recovery from the support. so wait for the first 15 minutes to see the Index direction and take to decide according to it, Go in long position if Index breaks 15-minute candle high and sell if 15-minute candles low break. Stop loss is vice versa and the target is open.
Good luck and have a profitable day ahead
Virendra Pandey
21st Jan Nifty levelsBuy above and Sell Below levels are given.
Simple Low Risk approach:
If Nifty Opens, sustains and goes up in the Green Zone, buy.
If Nifty Opens, sustains and goes down in the Red Zone, sell.
If Nifty opens in the white zone, wait for the trend to reveal itself.
Ignore everything else.
Riskier approach (Ignore if you like playing safe)
If price opens in the Green Zone and crosses over to White, sell.
If price opens in the Red Zone and crosses over to White, buy.
All analysis is for educational purposes. Please consult your financial advisor before initiating a trade.
Nifty 50 Trade Setup for December 16India USD and SGX #nifty give a wild move in upside and break the Range. We are also waiting for this range to break but FIIS never gives to eat a single breakout trade on the buying side since June. Most of up moves come with a gap up and we have nothing left in the Intraday. 13600 is becoming the support now.
today Trade setup :
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We are going to see a gap up today so most of the Intraday levels destroy. mark the high low for the first 15-minute candle and set up your trade according to it.
Nifty can Reverse Nifty can change the trend any time sooner.
not at all a good idea to be bullish...it can rally a bit further but the correction will be very sharp...
symptoms :when the nifty move Sideways its time to close the long position and get ready for the Short. The fall may or may not be crash...depends on the DOW JONES
Bearish but, still in no trade zone
Nifty has been bearish for quite some time now but, it is going sideways it, hasn't really fallen through. So it would it would not be prudent to short it now. Until it falls below 11600, and the way it has been finding supports it has been like holding on its own, shorting it seems risky.
And long red candles give high stop loss and near supports give very short rewards. Risk reward ratio is always important. So, no overnight trades in Nifty. It might be good for intraday options selling...
Bearish but, hold your gunsAs expected, Nifty pulled back today. But, it could not cross the resistance. So, it's dancing between support created by previous breakout and resistance created by previous support. That's a strong support. But the weak resistance held on to its own. And the bearish engulfing candle from yesterday says bearish chart.
Take trade only when the direction is clear and risk reward ratio is favourable.