NIFTY1! trade ideas
Today 23rd of may nifty will be bullishToday market will be bullish. Use buy on dip strategy rather than short. Bcz it's up trend.
Nifty on verge of breakout. 1. From 1 Dec 2022 till 8 March Nifty had made lower low and lower high.
2. From 16 March to 27 March Nifty had made 3 bottom @ 16800, and reversed the trend, making higher low and higher high till
15th May. 16th may it was unable to make new high , instead made double top@ 18475 and retraced three day making
lower low. On 19th may shooting star pattern was formed after 3 days corrections and confirmation pattern next day
reversing lower low pattern.
3. Resistance of double top @18500 if taken away then 19000 and higher levels could be on board in few days.
4. MACD is still sell and till MACD not giving buy signals upper level could be delayed.
5. With Nifty in uptrend shorts should be avoided and long position is above 18500.
6. Nifty had retraced 0 .786% of down fall from 19000 to 16800 . Above 0.786 nifty had potential to give high of 19000 and could
extent upto 1.618 @20400.
NIFTYNIFTY closed inside va
1. gapup 18350 can long till 18400
2. flat opening 18350- 18300 will be the range breakout of either side can plan ur trade
3. gap down 18250 can long till 18300
NIFTY breakout up..tgt given on chartGave a good pattern breakout tgt is calculated as per rules of pattern..and posted on chart..cup and handle pattern
NIFTYNIFTY closed above va
1. gapup 18250 can long till 18320-18400
2. flat opening 18250-18100 will wait for price reaction at these zones
3. gap down 18100 can short till 18000-17950
Falcon Wave Count ABCDE on #SGXNIFTY Daily Chart Falcon Waves ABCDE pattern on SGXNIFTY
Plan your #Nifty50 trade with me on Trading View
Looks like we are going down in wave B and then will go up in wave c followed by wave D and consolidation E wave
Review and Trading plan for 19th MayNifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Nifty : 19.5.23 - low risk trade1HR chart :
- Fib 61.8 retest
- W pattern, price at base
- Bollinger band outside-inside
- RSI divergence
Sell volume lower than yesterday
Resistance : 18300
Support : 18150
NIFTYNIFTY closed below va
1. gapup 18240 can long till 18300
2. flat opening 18240-18150 will wait for price reaction at these zones
3. gap down 18150 can short till 18100
May 18 market will be bullish in the morning and may fall in eveMarket looking Lil bullish for morning trade and may fall during market closing hour
NIFTYNIFTY closed below va
1. gapup 18270 can short till 18170
2. flat opening 18270-18170 will wait for price reaction at these zones
3. gap down 18150 an short till 18100
Bearish on SGX NiftySGX Nifty hit supply zone of 18426-18518, now expected to come down until pivot 18120 where it is expected to take support at.
NiftyNifty closed below va
1.gapup 18425 can expect longs till 18475-18500
2.flat opening 18400-18300 will wait for price reaction at these zones
3. Gap down 18280 can short till 18200
Day Trader’s Post Market Analysis - Nifty BankNifty-16th May ’23Below mentioned points are discussed in my post analysis video(Fast forward to 1:57 for Hindi Audio)
-Why did i short in Nifty in the morning-Explained
-Boring Volumes in both.
-18195 break in nifty spot should give some good positional Opp.
-How will i trade when market opens tom
Nifty Nifty could be forming head and shoulders on weekly unless it manages to close above 19000.
Still v early in idea but this is what bears would be looking at in coming weeks if they want to make a come back.
Nifty Nifty is forming rising wedge on 4HR and can see some retracement from current levels, if you are long then its the time to move your sl as per your RR strategy
Today sell on rise may work Now nifty may face strong resistance may get rejection from there look for first 15 minutes candle. Today sell on rise will work
NIFTYNIFTY closed below va
1. gap up 18480 can expect longs till 18520
2. flat opening 18480-18400 will be the range breakout of either side can plan ur trade
3. gap down 18400 can short till 18300
NIFTY 50 analysisLooking bullish on monthly chart. Buy on dip strategy should be used for better trade
NIFTYNIFTY respected the hourly trend up
1. gapup 18400 can expect longs till 18450-18500
2 . flat opening 18360-18325 will be the range breakout of either side can plan ur trade
3. gap down 18220 can ook for longs untill the breakdown and retest of it
NIFTYNIFTY closed below va
1. gapup 18400 can expect longs till 18450-18500
2. flat opening 18380-18320 will be the range breakout of either side can plan ur trade
3. gap down 18320 can short till 18250
NIFTYNIFTY closed inside va
1. gapup 18380 can look to short till 18320 sustain above it can look for longs
2. flat opening 18350-18300 will be the range breakout of either side can plan ur trade
3. gap down 18260 can look for longs
