Good to keep on the radar
Always respect SL & position sizing
Trade Secrets By Pratik
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Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : Still BEARISH - But If sustains above 17794 we can expect BULLISH move
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
There seems to be strong demand zone both trendline wise and horizontally at 1630 levels, and an immediate target of 1980 seems a probably case ~ 12% move from here.
Good bounce from RSI 30 region in weekly, and MACD seems to be crossing bullish as well. The share seems to be priced on the lower end of the 10 year spectrum using PB ratio and PE ratios.
NIFTY Intraday Trade Setup For 7 Feb 2023
NIFTY has closed on a bearish sentiment with 0.5% cut today. It is inside the range of ultra wide range of Budget day and now it is also inside yesterday's range. Total volatility contraction due to IV crash. Today It opened flat and just...
ABFRL - On the 15-minute time frame Aditya Birla Fashion has breached a key level, and current trend is bullish on higher time frames.
Entry should be made on a retest of the breakout, and stop loss should be kept below the key level zone.
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Nifty View and Support & Resistance Levels for Monday..
Expectation : Nifty BULLISH only if sustains above 17800, any rejection around this level BEARISH fall would come.
My view is BEARISH until strong move above 17800.
Incase of weakness and closes below 17715, SELL pressure will come in Nifty so We can take SELL entry for lower targets.
Buyers and Sellers...
Here are the levels for NSE:NIFTY . One can trade with these support and resistance levels. These levels are for intraday trading only and valid only for one day. This does not mean that I'm telling traders to buy on support and sell on resistance; this simply means you can trade on your own setups, or learn my setups (by dropping a comment down below) and these...
NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600.
It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what...
A clear harmonic pattern has formed on DTF on Kotak Bank. The buy, Target and SL Levels are as mentioned below
XD - 78.6 - 88.6 level - Great level to buy.
1st Target - Level B
2nd Target - Level A
3rd Target - Level c
SL - 1600
Leave a comment on any suggestions or feedback and happy to discuss the same.
Having a bearish view for SGX Nifty. Price broke out of bear flag pattern and retesting the pattern as well as another rising trendline from 7th Oct. This indicates bearish pressure for India markets as of now at least until 16800 to 17000 levels at short term. Just my view, please do your own analysis.
1. The previous count wasn't respected by the market. So we had to check for a new count . After re-analysing the Nifty 50 market, we realised that it is the Wave C of the correction that is in progress .
2. We have a major support of 15300 . That's where we expect the market to be soon. An overall fast, impulsive movement.
3. The only ...
P/E is 39.42
Debt / Eq 3.68
Fundamentally it's weak stock it will not sustain this level, during recession period. Go for SHORT.
Strongly exit long positions; it is highly dangerous to keep holding this stock as per fundamental analysis.
I believe there is a very high chance that Reliance will break this trendline this time.
Reliance has been following this trend line Since JAN 2021 and till then it has been tested 2 times
and this is the third time
Demand on trendline has been reduced significantly.
So the Break of the trendline can happen and bears...
NIFTY Intraday Trade Setup For 6 Feb 2023
Buy- Above 17871
T- 18055 18200
NIFTY has closed on a slight bullish sentiment this week with 1.42% gain. It was clearly told ahead of budget to exit the positional trade as this budget can shake any side. Ahead of the budget the weekly range (18270 and 17760) broke...