NIFTY FUTURES 16th JUNE 2023It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
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June
Nifty Futures Levels 5th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
Banknifty Futures Levels 5th June 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
Keep following for live market updates.
NIFTY 25th MAY WEEK READKey levels identified by me for next few NIFTY trade setup.
a. Long level at 8938.7 marked with green with target level at 9253 marked with red
b. Short at red level with a target of 9128 marked with blue
c. Long at 9128 marked with blue with target of 9299 marked with blue
d. Short at 9299 level marked with blue with target of 8724 marked with yellow
Please note : You are under NO compulsion to go with these trades level setups. No responsibility for any loss . No compensation of any kind will be given.
Nifty false breakout above 11900.As from 2003 onward, all lifetime highs have been crossed with nifty RSI being in range of 73-80 and such strength is showcased for atleast a week , in order for nifty to cross 12000 RSI needs to go above 75 while it is still 65 and looks weak, fundamentals are below average, rural consumption slowdown, Auto slowdown, Lending slowdown, NBFC stricer regulation, oil supply disruptions looming, trade war threats, untill the RSI touches 75-80 short term trend is negative with support at 11500
Nifty : Run to Upside then Down ?!i) The highest possible scenario being Gap up around or just above channel then coming down in range
ii) if it all it breaks the channel & participants interested in ending Nifty above 9500's we will be closing around 9560's
I'm on run now, have few tasks scheduled on priority, so please adjust with short description :)