Important Levels for 16/08/2022.
Clearly the index where i will be placing my bets on the long side.
Once we break PDH @ 17753 and sustain above it for complete 5 mins, we can take longs with SL of 17730 for targets of 17795,17805 and 17830.
Shorting is out of question if we open flat or with a gap down.
If we see a big gap up (as can be seen now as per SGX),...
Important Levels for 16/08/2022.
The index is showing strength and we are seeing gaps being sustained and supports holding fort. But one thing against it no shift in Value Area despite the fact that the price has stayed well above the VA last session.
These two points being contrary to each other does create enough doubt regarding the movement of the index.
In my...
Important Levels for 12/08/2022.
We witnessed great absorption at 17660-17680 zone and at 17718-17730 areas.
Once we clear these zones the targets to look on the downside is 17610 and 17580. SL can be placed around 17680.
And on the upside, we can look for targets of 17750,17805 and 17825. SL can be placed at 17710.
Important Levels for 12/08/2022.
Clearly the stronger of the two indices.
We opened gap up and clearly sustained above it, although there was no follow through and a big move, we did not come close near DL.
38830 is the reference level to look for before initiating shorts. Once we trade and sustain below 38830, we can place shorts with SL at 38900 for targets of...
Important Levels for 11/08/2022.
A completely range bound day. 17465-17585 is the zones which need to be broken for some good moves.
Longs can be taken above 17585 for targets of 17620,17640 and 17660. SL has to be kept around 17550.
Shorts can be taken below 17520, with SL of 17550 for targets of 17470,17440 and 17380.
Today we witnessed good buying at...
Important Levels for 11/08/2022.
Much like Monday's closing, today's closing does not give any indication as to where the index is heading. On the upside 38420-38500 is a major resistance zone and on the downside 38150-38240 can act as a strong support. So unless we break out of these reference zones choppiness is expected.
For tomorrow, safe traders can wait for...
Important Levels for 08/08/2022.
We are expecting a flat o slightly negative open. The important reference zone is 17360-17390, once we break and sustain below it, we can short with SL of 17390 for targets of 17320,17280 and 17230.
For longs we need to sustain above 17500 for good trades.
Important Levels for 08/08/2022.
We are expecting a flat to slightly negative opening today. The important reference zone for today lies at 37850-37936 levels, once we sustain below it we can short with SL placed at 37940 for targets of 37730,37660 and 37560.
Taking longs can be tricky unless we clear the big resistance area above 38150.
Important Levels for 05/08/2022.
If we open flat, any price rejection seen at the reference region of 17380-17425 can be used as an entry for shorts will SL of 25-30 points and we can look for targets of 17320,17280 and 17250.
If price sustains above 17325, we can take longs with SL of 17400 for targets of 17470 & 17500.
In case of a gap up, i shall wait for...
Important Levels for 05/08/2022
We witnessed a highly volatile expiry and a close below the previous support zone.
If we open flat and start moving up, 37800-37875 can act as a resistance zone and if we get good selling volumes, we can sell at this zone with a 50 point SL for targets of 37560,37500 and 37420.
But if we open flat and sustain above 37875, we can go...
Important Levels for 03/08/2022.
We witnessed big profit booking in the last hour and ended the day just at the POC.
Tomorrow, will be very much interested to take shorts once we sustain below 17300 for targets of 17260,17220 and 17200. The SL for this will be around 17330.
If we see a gap up, the important reference to look forward is 17395-17405, if we see...
Imp Levels for 03/08/2022.
And we see a good volume day. As planned we got a very good long trade from 37760-38100.
For tomorrow, if we open flat we will look to short the index once we sustain below 37830 for targets of 37730,37670 and 37520. SL for this will be placed around 37910.
If we see a gap up, then the first point of reference to look will be 38170...
We witnessed a very slow trending day today, but if we look closely we did move up but with less than average volumes.
Tomorrow, if we open flat we can take longs once we cross 38000, with Sl of 37920 and look for targets of 38080,38150 and 38200. Once we see a 15 min candle close above 38200, we can see 38400 tomorrow itself.
In case we open with a gap, we shall...
Date 15 Monday Trading Plans
View: Bearish
Why Bearish View?
Nifty is in the consolidation phase consolidating between 15436 and 14520. On Friday(15th March) we can see buying exhaustion and a good volume of supply near the top of the consolidation range. So the rule of trading in a sideways market is BOD and SOR(Buy on Deep or Sell on Rise) so it might...
So far, #NIFTY and #BANKNIFTY were trending upwards; however, the overall structure is still trading in a broad bracket.
Will markets stay within this bracket?
I have tried to explain this concept in this video. Kindly let me know your feedback or questions in the comments:)
Thank you:)
NSE:BANKNIFTY1! Hey There,
So far, #NIFTY and #BANKNIFTY were trending upwards; however, the ending session's volume accumulation is not good for this move unless the price opens above the accumulated zone and accepts. Till then, sideways to bearish move can be expected.
Is it an indication of Uncertain volatile expiry !?
Well,
I have tried to explain this...
NIFTY ANALYSIS
AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS.
NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS.
ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE...
