21750 in striking distance. A break and close below yesterday's lows can take NIFTY to 21750 levels. This would not have been a fleeting thought if it was not for the election result scenario.
NIFTY1! trade ideas
Gann would short. Supplement Idea for FunHints in May – supplement idea for fun, see if you can crack it.
Ref. 4.20.'24
13th. (~29.00)
"His ruling planet applied to an evil aspect of Uranus,
indicating great worries following the starting of this
journey. Said that he had planned his marriage for an
unfortunate day and that it was better that it did not
take place at that time"
<->
"The symbol and meaning of this name is "one who sees
the sun,'' the vision of the sun, and indicates great
intuition, keen perception and power of foresight. Gene-
sis 49: 3-4:"
18th (~34.00)
"If you will visit cities near beautiful watering places in the
South or Southwest, and could come in contact with an honest
spiritualist or clairvoyant, it may be of some benefit and help
in some way to solve the mystery. In view of the condition
of your health and the planet Saturn is afflicting you look instead to its neighbor - the giant without rings, it
would be advisable to spend the balance of the Winter and
early part of the Spring in a tropical climate."
<->
"In the Fall of 1928, they completed
an invention of Sun-mirrors, whereby they were able to
collect the rays from the sun and produce heat power-
ful enough to melt down skyscrapers in a few minutes."
Day Trading Nifty-Bought for a Target of 22500 break-8th May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:25 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty before 10
-Bought Nifty Future for a Target of 22500 break;TSL was hit.
-How will i trade when market opens tom
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Falling down ... Falling down!!Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a different narrative playing out. In the opposite scenario, Nifty should visit 21750 levels and consolidate there, to rally on "surprisingly" (Sarcasm intended) good results for BJP with a stable Govt.
NIFTYNIFTY closed below va
1. gapup 22425 long till 22500
2. 22400-22320 trade breakout
3. gapdown 22320 short
Bearish market scenarioEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Bull market scenario
Day Trader-Buy Nifty Near Lows if 22440 breaks-7th May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:30 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty before 10
-Buy Nifty Near Lows if 22440 breaks;
-How will i trade when market opens tom
Possibility of further downside. If we consider the high and low of the last day candle in futures as a range, a break in either direction can give a sharp sting that way before turning and going the opposite way. This is just a story that played in my head. And the probability of this being on the down side seems more likely. 22350 and 22300 may be likely in this case before we see a short covering rally.
NIFTYNIFTY closed inside va
1. gapup 22680 long till 22800
2. 22680-22480 trade reversal
3. gapdown 22480 short
Sell Nifty Future around 22620 After 12-6th May ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio)
-No Trades in the morning
-Good Volumes in nifty before 10
-Sell Nifty Future around 22620 After 12;Volume Trade
-How will i trade when market opens tom
nifty 1 min scalpingnifty 1 min scalping stgy when traditional heikin candle crosses smoth heikin candle with real time order block by lux algo.
Mia Culpa Shorters at 22800-900 range have proved me wrong. I should have thought of the "Retracement" shorters, who are essentially piggyback day traders who wat for a retracement to institutional bulk orders and punch in their own, hoping the levels hold. Plus the news of taxation, did th trick. In this case, we should either fly or Consolidate. Not fall further.
NIFTY NIFTY closed below va
1. gapup 22680 long till 22800
2. 22680-22480 trade reversal
3. gapdown 22480 short till 22400
Sold Nifty Future with Yesterday's Sl as Trigger-3rd May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:56 for Hindi Audio)
-No Trades in the morning
-No Good Volumes in Nifty before 10
-Sold Nifty Future with Yesterday's Sl as Trigger
-How will i trade when market opens tom
NIFTYNIFTY closed above va
1. gapup 22800 long till 22850
2. 22800-22750 trade breakout
3. gapdown 22750 short till 22700
Day Trader Trading Nifty Futures & Options-2nd May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:24 for Hindi Audio)
-No Trades in the morning
-Couldn't capture the big moves in nifty
-Wanted to buy Nifty Future but couldn't find a good entry.
-How will i trade when market opens tom
22500 or 22800 Who will blink?Chances are that Nifty could trade between 22800 and 22450 to 500 range today. If Nifty comes to either of these levels, look for contra trades in the opposite direction.
Nifty is ready for sharp 10% upward movement !!!!Nifty is ready for sharp 10% upward movement !!! Lets see, I have used Elliot waves, Fibonacci extension and time cycle to determine the markets lows and entry points...
Same Trade in Nifty Future As Yesterday-30th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:40 for Hindi Audio)
-No Trades in the morning
-Poor Volumes before 10
-Same Trade in Nifty Future As Yesterday;Green Close
-How will i trade when market opens tom
