NIFTY VIEW FOR 9 JANUARY As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session.
Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level
let price make a reversal pattern at the support area or a Bullish candlestick pattern for the confirmation so that we can take entry at right time
or
we can use indicator for confirmation to activate entry
make sure to maintain your stoploss short
Nfityindia
#NIFTY Intraday Support and Resistance Levels - 29/09/2022Nifty will be gap up opening in today's session. Expected opening above 17050 level and 17050 to 17100 level is the consolidation range and if nifty break 17100 level this level then possible upside rally upto 17200+ in today's session. in case nifty trade below 17050 level then short target can go up to 16950 - level.
#NIFTY Intraday Support and Resistance Levels - 28/09/2022Nifty will be gap down opening in today's session. Expected opening above 16850 level and 16850 level to 16900 level is consolidation range if nifty is break 16850 level then go for short up to 16750 level. In case nifty break 16900 level it can go for long 17000 level in today's session.
#NIFTY Intraday Support and Resistance Levels - 01/09/2022Nifty will be highly gap down opening in today's session. Expected opening above 17450 level and 17450 to 17500 level is the consolidation range and if nifty break 17500 level this level then possible upside rally upto 17700+ in today's session. in case nifty trade below 17450 level then short target can go up to 17250 - level.
#NIFTY Intraday Support and Resistance Levels - 24/08/2022Nifty will be open gap down in today's session. Expected opening above 17500 level and 17450 to 17550 level is the consolidation range and if nifty break 17550 this level then possible upside rally upto 17720+ in today's session. in case nifty trade below 17450 level then short target can go up to 17250 level.
NIFTY: Price Action Perspective And EWTDaily Chart:
Elliott Wave Perspective:
Nifty has completed the corrective wave A of triple zigzag (Z)
If the price gives a consecutive close above (X), it suggests that corrective structure has occurred and an impulsive wave started.
However, the price has given three moves after wave A.
Sub-wave a traveled 100% of wave B.
The price is weak below 17639 and strong above 17650.
In my previous idea, I have mentioned the price can be out of the channel. Sellers can enter after a rejection of the candle on a higher timeframe.
Safe traders can enter when the price enters into the downtrend channel.
Today's close will initiate positional views.
Price Action perspective:
After the accomplishment of the lower-low, nifty surged and reached near the previous lower-high point at 17639 .
As mentioned in down theory, An upward trend is a series of successively higher highs and higher lows.
Price is weak below 17639 , which is a previous lower high.
If nifty creates a swing failure, supply will exceed the demand.
Quality Strategy for BAJAJ FINSERV LTDWHAT TO WATCH OUT FOR
Technical Overview
Recently it made Head & Shoulder Pattern during mid Sep to Nov end, during which it touched a high of ₹ 19325 and made a neckline of ₹ 17050. It confirm the downside breakout on 23 Nov 2021 and confirms the start of downfall of stock.
Trendline merging its top with shoulder has not yet been broken.
Quality Strategy for BAJAJ FINSERV LTD
TODAY, it made clear bearing engulging candle which confirm down trend further.
Sell December future near 16000
TGT 15600-15500
Major Support @ 15400
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We are still trading in the range between 15600 and 16400.
Any lower or upper breakdown will decide its direction again.
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Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis.
Follow the rules, be patient and stock market will definitely reward you...
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Take care, trade safe !!!
Regards
Team Moneymarine
Nifty Weekly Levels Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..