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S&P CNX NIFTY INDEX FUTURESS&P CNX NIFTY INDEX FUTURESS&P CNX NIFTY INDEX FUTURES

S&P CNX NIFTY INDEX FUTURES

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NIFTY1! trade ideas

NF Daily Plan - 19th Feb 2024NF on last Thursday made a higher close with some poor references left behind. Bias was that if it opens in range then odds of repairing those zones and then bounce towards higher prices. If open outside range then these poor zones could wait. NF next session open higher with a gap and gap held till closing. Higher value closing with narrow range and lower volumes at DVAL of the day. Higher value session closing at DVAL is a sign of weakness and for bullish move they need to open above VAH of last Friday. Now responsibility of buyers is to maintain the OTF up thereby holding the gap zone and pushing prices higher. Buyers unbale to do such activity may lead to closing of the gap and then below this gap then repair of poor value zones of Thursday could take place. Bullish above 22120 towards targeting 22140/22200 levels. Break and hold above 22200 is towards targeting 22300/350 levels. Nifty unable to stay below 21920 and above 21990 is towards targeting 22025/22080/22102/22120 levels. Bearish below 21920 towards targeting 21870/21850/21810/21770 levels. Nifty bulls unable to stay above 22120 and below 22100 is towards targeting 22080/22025/21990/21920 levels.
NSE:NIFTY1!
by tradeprosm
Gifty: Tumbling Down or Scaling New Heights? In my analysis of Gifty, I observed that after the initial fifth wave, it experienced a sell-off in the form of an abc pattern, thereby completing the larger (A) wave. Subsequently, it underwent an upward movement, forming a flat irregular correction, completing its (B) wave. Currently, we anticipate a sharp sell-off to ensue, forming the (C) wave. However, the progression of the (C) wave has been slower than expected, trading sideways within a parallel channel. This contradicts the typical nature of a (C) wave. Additionally, there are indications of five waves within the (B) wave. I consider the earlier abc correction as the authentic correction, forming a wave 1 comprising five subwaves. Should there be an upside break of the channel, it suggests a forthcoming momentum on the long side in the form of the third wave.
NSEIX:NIFTY1!
by ElliottWaveInsights
NIFTY- Intraday Levels - 12th Feb 2024* Note - 12th or 13th Feb is important date for nifty. Mark high and low levels for Nifty spot (not future) and can be referred for trading for next few days or weeks. *Levels are for Future If NIFTY Future sustain above 21867 then 21948 strong levels , then 22034 to 22061, then around 22101 to 22126 or 22137 very strong level which was the high of 2nd Feb and also 16th Jan then 22151 above this we can expect more bullish movement. If NIFTY Future sustain Below 21839 then 21812 or 21784 then 21707 to 21682 then 21618 to 21591 strong level then 21506 below this more Bearish movement Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY1!
by PrashantTaralkar