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** Nifty & Banknifty Analysis & Trade setup for 2 Dec** Market Analysis for 02.12.21 (Thursday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 17084.75-17066.23 | 1st Resistance Area : 17202.52-17218.33 2nd Support Area : 16927.74-16950.69 | 2nd Resistance Area : 17324.51-17341.29 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 35534.82-35656.37 | 1st Resistance Area : 36702.09-36784.21 2nd Support Area : 34898.97-34990.32 | 2nd Resistance Area : 37099.53-37218.90 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow expecting a positive market. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
** Nifty & Banknifty trade setup for 24 Nov (Beware of Traps)** Market Analysis for 24.11.21 (Wednesday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 17304.90-17323.40 | 1st Resistance Area : 17713.05-17735.70 2nd Support Area : 17216.70-17233.05 | 2nd Resistance Area : 17635.15-17652.05 3rd Support Area : 17113.25-17129.35 | 3rd Resistance Area : 17549.25-17570.60 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 36591.15-36674.85 | 1st Resistance Area : 37721-37847.85 2nd Support Area : 36189.15-36263.60 | 2nd Resistance Area : 38586.00-38677.30 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow every thing has been said in the video. --------------------------------------------------------------------------------------------------------------------------------------------------------------- If want to know my Trading Approach for tomorrow. Please stay connected with me. Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTY
by Shruti_Advisory
** Nifty & Banknifty Trade setup for 23 Nov ** Market Analysis for 23.11.21 (Tuesday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 17294.45-17312.50 | 1st Resistance Area : 17490.30-17509.40 2nd Support Area : 17080.20-17100.20 | 2nd Resistance Area : 17552.25-17564.90 3rd Resistance Area : 17635.15-17647.55 * Nifty Bank * ------------------------ Support Area Resistance Area ----------------------------- ---------------------------------- 1st Support Area : 36669.90-36864.55 | 1st Resistance Area : 37787.95-37926.00 2nd Support Area : 36170.10-36263.60 | 2nd Resistance Area : 38586.00-38677.30 ----------------------------------------------------------------------------------------------------------------------------------------------------- Expectation : As for tomorrow we should look a place where we want to short the market both nifty and banknifty. The Trend is Bearish. But at this levels we cannot short because the market is all ready oversold. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
** Nifty & Banknifty Analysis & Prediction for 22 Sept ** MARKET ANALYSIS AND PREDICTION FOR 22.09.21 (WEDNESDAY ) EXPIRY ON 23 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS RESISTANCE AREAS --------------------------- ----------------------------------- 1ST SUPPORT AREA : 17520.20-17536.85 | 1ST RESISTANCE AREA : 17610.40-17632.80 2ND SUPPORT AREA : 17421.90-17438.80 | 2ND RESISTANCE AREA : 17691.20-17713.10 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 37043.60-37175.05 | 1ST RESISTANCE AREA : 37557.15-37708.25 2ND SUPPORT AREA : 36805.70-36875.95 | ----------------------------------------------------------------------------------------------------------------------------------------------------- Here are the factors behind today's rally: 1 European markets on the up Despite weak US and Asian markets, positive European markets provided support to the Indian indices. The European indices FTSE, CAC, DAX were up over 1 percent each after the European Central Bank policymakers said the recent inflation surge was temporary. 2 Dow Futures up over 300 points US stock futures also bounced a day after global markets were roiled by concerns that the potential default by Evergrande, the world’s biggest property developer, could hurt China’s real estate sector, banks and the global economy. 3 Short covering in most beaten-down sectors The rally was also supported by beaten-down sectors, with metal indices rallying over 2 percent after tanking nearly 7 percent in the previous session. Also, capital goods, oil & gas, IT and realty were seen the buying interest and gained 0.5-3.5 percent. Technical View The Nifty formed a bullish hammer kind of candle on the daily scale and closed with gains of around 165 points. Now it has to continue to hold above 17,500 zones, for an up move towards 17,650 and 17,777 zones, whereas support is placed at 17,350 and 17,272 zones. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
Nifty & Banknifty Trade Setup for 6 Sept. MARKET ANALYSIS AND PREDICTION FOR 06.09.21 (MONDAY ) ON 9 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS --------------------------- 1ST SUPPORT AREA : 17307.10-17315.20 | 1ST RESISTANCE AREA : 17360-17380 2ND SUPPORT AREA : 17211.25-17225.50 | * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 36484.80-36552.40 | 1ST RESISTANCE AREA : 37043.60-37175.05 2ND SUPPORT AREA : 36145.75-36262.30 | 2ND RESISTANCE AREA : 37557.15-37708.25 PIVOT : 36830.25 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat. One may expect showing another round of consolidation or minor profit booking from the new highs, before further upside in the next 1-2 sessions The next upside levels to be watched around 17,380 and immediate support is provided. This pattern has nullified a minor negative/consolidation pattern on the daily chart. ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYShort
by Shruti_Advisory
Post Market Analysis & Outlook of the SetupThe markets is making new highs daily. For the long term, we are bullish, however, after such a move, the market might see some correction. Investors are advised to keep trailing stop losses to their positions, Technically, Nifty has formed a strong bullish candle on the weekly charts which is broadly positive. On daily and intraday charts, it also maintains a breakout continuation formation indicating further uptrend from the current levels. While the short-term trend remains positive, some profit-booking could be in the offing as traders may prefer to book some profits near 17,500 resistance level. For the trend following traders, 17,150 and 17,000 could be the important support levels while on the flip side, 17,500 and 17,700 could act as important resistance levels. Nifty is now headed for 17,375 and 17,400 in the coming few trading sessions. The levels of 17,200 and 17,280 will act as strong support levels(Intraday Basis) for the benchmark index. Traders can consider buying on every correction with strict stop loss as long as Nifty is trading above 17,150.
NSE:NIFTY
by Shruti_Advisory
1
Nifty & Banknifty Trade Setup for 3 Sept MARKET ANALYSIS AND PREDICTION FOR 03.09.21 (FRIDAY ) ON 9 SEPT ******************************************************* * NIFTY 50 * --------------------- SUPPORT AREAS --------------------------- 1ST SUPPORT AREA : 17211.25-17225.50 | 2ND SUPPORT AREA : 17131.05-17145.00 | 3RD SUPPORT AREA : 17075.55-17087.10 * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT AREA : 36145.75-36552.40 | 1ST RESISTANCE AREA : 37043.60-37043.60 2ND SUPPORT AREA : 36484.80-36552.40 | 2ND RESISTANCE AREA : 37557.15-37708.25 ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : The short term trend of Nifty is in a strong mode and the broad market indices were also in driver's seat. One may expect further upside in the next 1-2 sessions, before showing another round of consolidation or minor profit booking from the new highs. The next upside levels to be watched around 17,500 and immediate support is placed at 17,150, A long bull candle was formed on the daily chart, that surpassed a reasonable negative candle of Wednesday and closed above it. This pattern has nullified a minor negative/consolidation pattern on the daily chart and this display a strength of upside momentum in the market. This is positive indication and one may expect more upside in the short term, ---------------------------------------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by Shruti_Advisory
** NIFTY & BANKNIFTY SETUP FOR TOMORROW - 7 JUNE ** MARKET ANALYSIS AND PREDICTION FOR 07.06.21 ******************************************************* * NIFTY 50 * --------------------- SUPPORT RESISTANCE --------------------------- ----------------------------------- 1ST SUPPORT ZONE : 15650.25-15661 | 1ST RESISTANCE ZONE : 15693.2-15703.75 2ND SUPPORT ZONE: 15616.9-15630.3 | 2ND RESISTANCE ZONE: 15725.50-15733.60 3RD SUPPORT ZONE: 15584.3-15595.9 | * NIFTY BANK * ------------------------ SUPPORT RESISTANCE ----------------------------- ---------------------------------- 1ST SUPPORT ZONE : 35220.4-35279.45 | 1ST RESISTANCE ZONE : 35438.90-35478.85 2ND SUPPORT ZONE: 35031.65-35092.45 | 2ND RESISTANCE ZONE : 35713.00-35811.60 3RD SUPPORT ZONE: 34725.95-34831.30 | ----------------------------------------------------------------------------------------------------------------------------------------------------- EXPECTATION : NIFTY MIGHT BE IN NEGATIVE FOR TOMORROW . PROBALITY OF A VOLATILE MARKET IS MORE. BANKNIFTY MIGHT BE IN NEGATIVE FOR TOMORROW. VOLATILTY MIGHT BE LESS COMPARED TO NIFTY. NIFTY MIGHT RECOVER FROM THE DAY LOW AND MIGHT TURN BULLISH AFTER TOUCHING THE 3RD SUPPORT ZONE. ----------------------------------------------------------------------------------------------------------------------------------------- ** LOOK THERE ARE OTHERS THINGS THAT WE LOOK UPON WHILE TAKING A TRADE . TO LEARN PLEASE REGISTER WITH US. WE SHARE OUR PICTURE PERFECT SETUP WITH OUR REGISTERED CLIENT CUM INVESTORS IN MORNING SHARP AROUND 8 AM. WHETHER THERE WILL BE A GAP UP OR GAP DOWN WE SHARE THERE. EVEN THERE ARE STOCK SPECIFIC F&O STOCKS TOO. ** --------------------------------------------------------------------------------------------------------------------------------------------------------------- If want to know my Trading Approach for tomorrow. Please stay connected with me. Jai Hind. Disclaimer: This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
NSE:NIFTYShort
by Shruti_Advisory
The beginner's SchoolAre there any hidden or magical theories to win every trade? Every person has his hidden technique to trade and that technique he will never reveal! Hehehe, I am asking you that which magical formula you have? Unfortunately, there is no hidden technique to become consistently profitable in every trade. If you had that magical trading technique you never surf on tradingview.com, yeah, why you surf here? You have that technique that will give you 100% accuracy, but believe me, there is not! Everything is open and nothing is hidden. Which indicator is good and which indicator do you use? The most asked question ever! Mostly I don’t use an indicator. Because it gives everything late, we often call it a lagging indicator. Indicators are like clock it will keep changing. But more often it depends on your trading style that indicators are suitable for you or not! If you are a necked price action trader or Elliott wave analyst you don’t need to check indicators, not even for confirmation. I was using indicators for confirmation, but they were changing my bias and trading decision that’s why I stopped checking indicators. I have one very successful indicator which is my trained eye, I used to identify reversal, and it may be more accurate than other indicators. I am not agreed with your answer madam! Likewise, I am getting good profit with indicator, why you are criticizing indicator? I already maintained that it depends on your style, there are lots of people who spend money on buying indicators, but they are still unsuccessful even with paid indicators. Maybe your trading style is profitable with indicators, neither I am criticizing nor I stopped you to use indicators. If you are very familiar with that indicator, and you are getting profit then you must stick with those indicators which will good for you! And the person who is not getting enough returns with indicators, they have 2 ways, 1. Choose an indicator that is suitable for you then back test consistently. Don’t mix up more than 3 indicators because it will be confusing to take a trade decision. Add solid risk management (you have two techniques (1.) Risk per trade (2.) percentage of the portfolio) 2. If your mind has decided the indicator don’t work, use price action and become naked(Is the term of technical analysis)traders who don’t use the indicator, but they follow price and volume and momentum manually. Can you tell me the best setting for indicators? Well, there is no magical setting that will give you 100% accuracy, if you are using RSI you will find that you are getting very good buying signals on bank nifty and nifty but if you will apply it on stocks, or forex market it will be useless. I don’t prefer to find new settings because a new setting will affect your trading decision. How can I trade without indicators? Indicators are not everything! You can also use, Chart patterns, Candlestick patterns, Elliott wave theory, Harmonic pattern, Price action Gann Theory Dow Theory Fibonacci & geometry tools (fan, arc, channel, etc.) You can choose any as your primary trading theory. Mostly I use Elliott wave theory as my primary tool. Can we combine 2 or more theories to get good results? Yes, you can! For example, if you are using price action + Elliott wave + time cycle analysis, you can easily find where the excess can be formed. An excess will tell you that this corrective wave is to complete. And time cycle will guide you that when the new impulsive wave is going to start! Sounds easy but it will take very hard practice. Probably yes, we have to convert our knowledge into action which needs regular practice. Regular practice helps us to build a good habit. And also don’t try to use all the theory otherwise you will never become a master in any strategy. I am taking profit without putting SL, is it good? Maybe you are used to, but I strictly follow risk: reward ratio. And as per my trading, SL is a must in every trade. My favorite r: r is 1:3, 1:5, and 1:7. I just stick with it. If you are putting SL your risk is calculated and without SL you are risking all capital. How can I learn to trade? If you want to learn any theories and techniques you can read books. It will help you to gain knowledge for trading. There is a lot of famous and back tested book. If you want to learn to trade just apply your knowledge to a demo account if you are not comfortable with a real account. Mistakes will guide you to success. ----------------------------------------------------------------------------------------------------------------------------------------------------------------- if you have any questions you can ask me in the comments I will upload in Part 2.
NSE:SBINEducation
by Trade-Technique
19