as we analysed in previous post that we are expecting a short term bullishness and we did see a 300-400 points unidirectional upmove in last trading sessions but we also discussed that BANKNIFTY is still in DOWNTREND despite its temporary recovery hence if BANKNIFTY opens strong to flat we might see it getting rejected at 40200 levels which is also a psychological...
As we can see BANKNIFTY got rejected from the previous acting SUPPORT which is now acting as a RESISTANCE. BANKNIFTY cannot be said to have changed the trend unless it breaks the previous psychological level and the support of 40000 levels hence from these we can analyse that BANKNIFTY is still in downtrend as of now unless its recent high is broken
CRUDE OIL :- Price is re testing the sideways zone, this is the first retest, in the matter of my opinion, We can take a trade at this price point. we can clearly see the short setup.
If you're looking for a potential short trade setup in Nifty, using price action analysis could be a useful approach. By analyzing the price movement on the charts, you can identify key levels and patterns that may indicate a potential trend reversal or pullback. One possible short trade setup could be to wait for a bearish candlestick pattern to form at a key...
As we can see BANKNIFTY got rejected exactly from the SUPPORT and the psychological level of 40000 levels and had been bearish ever since. Hence BANKNIFTY still seems bearish as of now unless BANKNIFTY sustains above 40000 hence keep watching as either of levels is broken we can expect a good move
As we can see NIFTY had been trading in a tight range of 400 points between 16800-17200 levels which shows there hasn’t been any big move recently which gives high chances of trending market coming up anytime sooner. To identify the direction of the move we must make sure NIFTY breaks either of the levels with proper sustainment hence for confirmation of direction...
As we can see we saw a huge downfall in the second half but it did close above 39550 giving respect to the psychological level hence if BANKNIFTY opens weak and below the psychological level we might see another sliggish to negative market today
As we can see NIFTY had been sideways throughout the day hence making in a range and hence any break either side could show good move! level to watch is 17100 and till 17100 is protected we are still bullish in nifty hence keep watching everyone
As we can see NIFTY showed some amazing upmove today, though BANKNIFTY outperformed NIFTY in terms of growth but we can see NIFTY having more potential than BANKNIFTY as NIFTY still has space to cover till 17300 which could be seen in upcoming trading sessions so keep watching everyone
As we can despite the weakness NIFTY showed some great recovery in the second half from exactly from 17800 levels hence we can again see a strong opening tomorrow and any closing above 17150 can show 17300++ in coming trading sessions which is its next immediate resistance so keep watching!
Analysis: Areas of focus: a, b Weekly and daily Liquidity to be taken. but after new euro fx contract switch there is a lot of sell took place. So, scenarios: i)bias depends on how you view it either rallies above "a" liquidity zone. or ii) rallies above "b" till "a" liquidity is taken. or iii)Takes down after "b" 15 min fvg mitigation. NOTE: The information...
This is my analysis. Please don't take it as trading or financial advice. I'm not a certified financial/ investment advisor. Please comment on your insights so that we can discuss better opportunities. Analysis: daily, and weekly liquidity taken Scenarios: a) If a sell order block is formed with a high volume in kill zones at 2000 0r 1940 levels then look for...
As we can see NIFTY has shown intense rejection from our demand zone but it is still in downtrend as of now but the next immediate target for NIFTY can be seen around 17300 which was also a neckline for head and shoulders pattern hence NIFTY might show substantial upmove till 17300 levels unless it get to the point where and actual change in trend can be witnssed...
As we can see NIFTY showed amazing REVERSAL from our demand zone and recovered almost 300++ points from bottom and made an indecisive candle which shows we can see bears getting weaker and bulls overpowering the bears hence till 16800 is secured every dip should be a buying opportunity
As we can see NIFTY has shown one sided fall from head and shoulder pattern breakdown hence the next emminent important level can be seen around 16800 which is also a psychological level hence any signs of reversal around the given level can show good upmove hence keep watching as we might see a strong upmove around given level
Most Important Topic to Understand to become a Profitable Trader Daily Learning Day-35 Trend Rider
At 2500 Start your strategy for long. please hedge positions for better risk management, then at 2100 and at 1900 level try to buy more. lets see
As we can see NIFTY did show some good fall but despite the fall we can still see NIFTY has some space to fall till 16800 hence if NIFTY couldn’t sustain above yesterday’s low we can see more of fall incoming till 16800 before finally reversing hence we must focus on hesterdsys low and make sure its taken out before going short as we might see some volatility...