Guys... I am sharing my analysis of Nifty over a longer time frame.
The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle.
This primary cycle runs in smaller intermediate waves.
Wave 1 started on April 2023;
Wave 3 from November 2023;
Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
In recent months, the bank index has been on a remarkable upward trajectory, consistently achieving higher highs and higher lows.
After reaching an all-time peak close to 53,350 (specifically at 50,358), the bank index experienced a correction.
At present, the index is hovering around a significant support level of 49,750, which also aligns with the trendline...
FINNIFTY expiry levels marked on 1 HR time frame and currently in a range. watch out these levels for a better view. Study before you punch any order.
NOTE: I'm not a SEBI REG. Study before investing.
#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on...
#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on...
Now we have a strong breakdown of the compression zone.
The structure indicates the start of a downtrend.
The price could test the levels of 30,054 (Strong Support) which is 5-to-6% from the current level. On the up side the level of 35,188 will act as a strong resistance.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to...
Nifty remained in negative trend in today's session & closed near 22700 level
Market continued with its correction phase for another session
Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data.
A Bearish candle is formed on daily chart
The imp upside hurdle is placed around 22850/900 level
whereas downside support is around 22600...
RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci.
The index could be volatile in the range of 6840 to 7300.
The constituents could experience high volatility in the coming week.
A fresh trend is formed above the level of 7300.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SAIL is breaking resistance which it has tested in last couple of days.
SAIL should be bought at 151.5rs.
For the TGT of 180rs.
SAIL is an government company so there is no fear of financials as such now.
If it fall from this level we can still average at 135rs.
NSE:NIFTY
◉Technical View
▲The up-trend started to lose its strength a few days back and formed a rising wedge price action.
▲The Rising wedge broke down from the trendline + Neckline and gave a good closing also with RSI confirming the Bearish Structure.
▲2nd confirming structure is double top, I always say location is important more than the structure...
A trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance.
if broken market will go till 22300.
be careful, be watchful and enjoy the trading.
I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be...
nifty made a new all time high
and today it gave the highest closing ever
21950-22040 support
while next level to watch on higher side @ 22210-22240
Support came from Banking, IT , CPSE, Chemicals etc
Bank Nifty is in good Support zone
Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15.
Reason behind the reason:
Volume was very not supporting the price.
Also MACD was indicate downtrend for the day.
If we see Option data at the time of price increase but...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
this research is the based on the past data of the market and at this levels reactions of market.
channel of trend is uptrend on daily basis.
and looking channel is nw high of market or near the all time high of market.
we can consider this research valid till mid of December 2023.
level 1 44400 -44600
level 2 44950-45202
level 3 45890-46265
N50 is ready for new highs because...
constant bulls (fiis and dis) interesting
in indian market and stocks buyings.
we will see soon N50 above 20700+ soon might be this is possible end of this year 2023.
Election results in the favor of current central government..that will create positive impact on investor's (fiis & Dis) and market too..
