50% Retracement...Nifty is nearing it's 50% retracement at 22300, but I believe the major resistance will be at 22500. My view was entirely invalidated yesterday, and I took and SL. Today will be wait and watch how she behaves at major retracement levels. by OldMonk13Published 0
NIFTYNIFTY closed above va 1. gapup 22370 long till 22500 2. 22350-22280 trade reversal 3. gapdown 22280 short till 22000by subhankarsahooPublished 1
Day Trading Nifty- Scalp sold Nifty around VWAP 14th May ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:24 for Hindi Audio) -No Trades in the morning -Nifty Had poor volumes before 10 -Day Trading Nifty - Scalp sold Nifty around vwap;SL Hit -How will i trade when market opens tomShort00:41by eliftradesPublished 3
Rise to be sold into!The higher the Gap up today, the mor confident I shall be to sell on the first tick. There is one stop NIFTY missed in this pilgrimage downhill: "21800". When she realizes it, she would turn around and rush to make that final downward journey before continuing up to where she belongs. A gap down opening is when things will become tricky. In this case there might or might not be a retracement to gather longs before falling. Shortby OldMonk13Updated 1
NIFTYNIFTY closed above va 1. gapup 22230 long till 22300 2. gapdown 22160 short till 22050by subhankarsahooPublished 0
GIFTNIFTY and the trendline break out levels NSEIX:NIFTY1! Gift Nifty has broken the trendline and possibly trying to give straight upside jump, watch the zonesarked above for targets and greenbox below whic6is acting as fresh support, if broken, upside will have to waitby ajinkyadiwakar717Published 1
Day Trading Nifty-Bought Twice-13th May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio) -No Trades in the morning -Good Sell Volumes in nifty before 10 -Day Trading Nifty-Bought Twice; -How will i trade when market opens tomLong01:24by eliftradesPublished 3
NIFTYNIFTY closed below va 1. gapup 22240 long till 22300 2. 22240-22025 trade reversal 3. gapdown 22025 shortby subhankarsahooPublished 113
NIFTY1!Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. by akilan14793Published 1
Day Trading Nifty-Scalped Sold Around Vwap-10th May ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio) -No Trades in the morning -Nifty had Buy volumes in the morning -Scalped Sold Around Vwap;Same Structure as yesterday! -How will i trade when market opens tom Short01:18by eliftradesPublished 3
NiftyCrucial days ahead. Nifty futures, if it breaks 21813.60, we will have some retracement but will be heading to 21060. Break of 21060, we will definitely go to 20270, again via some retracement. This is pole-base-flag pattern playing out in a weekly timeframe. We are not in a bear market, but 10-15% correction may loom before we head back to the bullish trend again. All this only if we break 21813.60. Be watchful.Shortby Ankit_SilverlinePublished 0
NIFTYNIFTY closed below va 1. gapup 22220 long till 22300 2. 22220-22000 trade reversal 3. gapdown 22000 short on retracement by subhankarsahooPublished 0
Day Trading Nifty - Sold & Bought Near Prev Day Low 9th 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 -No Volumes in nifty before 10 -Sold & Bought Near Prev Day Low! -How will i trade when market opens tomShort01:11by eliftradesPublished 1
Nifty @ crucial areaThe major support and OI writing was peak at 22000, which had broken by bears. More over on regression channel on day candle, nifty will take support or break below? Next major supports below for next expiry is 21500/21000 and resistance is 22300/22500..Fii are selling and secure the fund to reinvest one or two day before election result...VIX touched 52wk high of 19.17...Tommorrow slight recovery expected before the global event at evening.by jobys2014Published 0
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. by OldMonk13Published 3
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." Shortby JerryMandersPublished 6
NIFTYNIFTY closed inside va 1. gapup 22425 long till 22500 2. gapdown below 22350 shortby subhankarsahooPublished 0
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 tomLong00:49by eliftradesPublished 2
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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. Shortby OldMonk13Published 1
NIFTYNIFTY closed below va 1. gapup 22425 long till 22500 2. 22400-22320 trade breakout 3. gapdown 22320 shortby subhankarsahooPublished 0
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 by mehdi47abbasi79Published 12
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 tom00:55by eliftradesPublished 1