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NIFTY-NSE

NIFTY Analysis: Double Top Pattern and Support ZoneNIFTY is currently in a sideways zone, and a double top pattern seems to be forming, but confirmation is still pending. The marked zone on the chart, 21635 to 21515, could potentially act as a support zone for NIFTY as these are Fibonacci levels. Speaking about the double top pattern, if the price closes above 21126, this pattern will become invalid. On the other hand, if the price closes below 21130, it will confirm the pattern, potentially marking the beginning of a downtrend in NIFTY. For now, we will wait for a reversal from our marked support zone in NIFTY without taking any action.
NSE:NIFTY
by iamrk7
01 Sep ’23 Post Mortem on Nifty - Neutral b/w 19563 & 19788 Nifty Analysis Recap from yesterday: “For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours — I wish to change my stance to neutral to a wait and watch mode.” Firstly my bearish call did not work out today - that disappointed me a bit.Since the momentum has faded - it also makes sense to move to a neutral stance today. Opening was inline and the first 2 hrs of price move were in alignment to the action from friday (notice the continuous blue line drawn). What didnt make sense was the 133pts ~ 0.68% rally from the lows to 19734 levels by 13.00. Another 60 odd points - we would have gone into the bullish zone. One major news that broke today was NSE’s plan to extend the trading hours to 6 to 9pm as a separate session - source. Looking at the time slot, I guess its to include the office goers into this betting arena. We are already overdone with daily expiries, adding extra trading hours to bring in more participation may not work in the best interest of everyone except maybe the exchanges. Professional traders will always prefer reform stability over flexibility. If we push it too hard - these people may abandon ship and move to US markets. NSE has already said 9 out of 10 people lose money in derivatives. 90% of full time traders are not able to go profitable - how likely is it that part time traders who jump in between 6 to 9pm expect to make money? Trading itself is a stressful activity, its because we handle the frustration of going wrong along with losing money. 09.00 to 15.30 is usually a period where we remain absolutely focussed, distraction free & dedicated. People like me even eat lunch at the trading desk. Just imagine if we have to dedicate 18.00 to 21.00 also with a similar intensity - wont the work life balance be affected? On the 1hr TF, Nifty will have to break down below 19563 or break out above 19788 for a trend determination. I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.
NSE:NIFTY
by viswaram
Nifty 50This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can have them for the options also which may work the same according to this. And as I've always said I'm open for any suggestions, corrections and anything which can help me learn this. Also check out my other ideas on my profile
NSE:NIFTY
by hajariparth28
Nifty Short Term View.Things to Remember: -->I am neither a Bull nor a Bear and I believe in the term "Correction" rather than "Crash". -->No one was correct/is correct or will be correct all the time. -->Particularly these wave analysis may go wrong at anytime that too with a novice like me high chance. -->With the same data / charts available there will be another analyst, he/she will be having other opinions. -->So Trading is quite difficult. -->So my plan here is to give my point of view and it will change with time accordingly. -->Zoom in/out and keep the chart as comfortable as possible I have drawn as few lines as possible to make you understand Nifty Short Term View: -->What if 15200 is start of an impulse wave?: -->From 15200 to 18100 level will be consider as an impulse wave(Green Eclipse) (itself having several sub waves in shorter time frames). -->Practically after a wave 1 ,wave 2 will be a corrective wave and it can retrace back to any where near 38.2% to 100% of wave 1 . -->Wave 2 will be a corrective structure of 3 sub waves. (WXY) as shown in the chart. -->Now W wave has 3 sub waves and structure is completed. --> X wave is sort of forming a horizontal triangle -->Price touching "d" and retracing back to 17300 level will complete this triangle pattern. -->If the triangle pattern breaks down as shown in the figure and if next wave "Y" can have a same projection as "W" then can complete following structure as shown in the chart -->This will indeed complete the wave 2 of larger time frame by coming inside 61.8% od wave 1. -->What if Nifty gives closing above 17430 - 450 levels ? --> Better to cover all shorts and I will looks into my charts all over again! -->In these volatility it's better to trade at the extremes with low SLs. Plan the trade Trade the plan *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly. Expecting as low as 10 follows for this work 🙏🙏🙏.
NSE:NIFTYShort
by Mo-Kri
BEGINNERS RULE :1. Before starting any new venture, we must learn the basics of that subject. So, learn the basic ABCD of trading. 2. Beginners should avoid the Futures and Option (f&o) trading. First, one needs to get a good grip over the cash equity segment. 3. Learn technical analysis and try to master any one strategy and stick to it. 4. Avoid dependence on anyone for too long, "Trust your own setup always” 5. Don't be impressed so quickly and start dreaming after seeing other trader's earning or profits screenshot. 6. 'Simplicity is the best policy.' Keep your analysis simple and stick to basics. 7. Backtest your new setup for at least 3 months to find out the Return on Investment (ROI) percentage. 8. Price Action is above all. Don't complicate your study with too many indicators/tools. We have come here to earn money, not to complete a Ph.D. 9. Avoid business/finance TV channel recommendations. Don't follow it blindly. 10. Mistakes are fine but try to avoid committing again and again. 11. Use proper and safe trailing stop-loss. Keep learning and earning. Happy profit making :)
HEducation
by Divyaapugal
6
My Nifty Overview //Nifty Trend Analysis //ELLIOTT WAVE ANALYSISLook at the bigger picture. It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY). If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330 If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800 Please do not take a trade just after the breakout wait for the price to reach its demand zone (for upside) to go long & wait for the price to reach its supply zone (for downside) to go short. This will ensure stop loss will be less and reward will be more.
NSE:NIFTY
by Mo-Kri
Will a correction happen in ITC at least now ?ITC broke the trend line with high volumes. *It has been in uptrend without a proper correction for uite a long time. For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332. If the trade goes in our way Targets will be *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. For Swing can short ITC @cmp:327 - 328 with a Stop loss of 335 (Fib extension resistance area).
NSE:ITCShort
by Mo-Kri
2