Nifty Weekly Analysis - Still Correction is PendingHello,
Nifty is in a bullish trend in all higher time frem but still one small correction is pending which will be around to 12000-12050 zone.
Before this correction 12300-12345 will be the major supply zone and 12000-12050 and 11975-12000 will be the strong demand zones.
I am not expecting one way fall or one way upside because there are multiple supports at downside and resistance at upside. So I will create long or short position in option writing instead of Future.
Trade Well
Nifty50
NIFTY: Are You Bullish .... ?Hello,
As I have mentioned my yesterday post that If Nifty will sustain above 12225 then I may go long. Today I was Long in the Nifty and exited with some profit points.
I have observed that buying strength was missing today. I don't think that 12100 is a good support and it a bottom of this correction which is started from 12420. My view is remain same which I have shared in my earlier posts that still gap Filling is pending, this is just a bounce and major support @ 12000-12050.
Strong Supply Zone @ 12295-12345
Minor Demand Zone @ 12190-12225
I prefer to take a position in Juicy trade so I may take a short position If it will come to 1300-12345 zone or once it will sustain below 12190. I will avoid long side trade in Nifty.
I will update this post if I will change my mind during the intraday and will shade my trade here.
Shared the Link of some of my today's Intraday Trades.
Trade Well
Nifty: Juicy Trade is almost Over Hello,
Nifty: Strong Supply Zone @ 12200-12225
Make or Brake Level @ 12100-12115
Strong Demand Zone @ 12030-12050
Nifty fall from above 12400 to 12100 and this fall is very sharp. Whenever it will conform it's bottom recovery will also be very sharp. Now juicy trad is almost over.
If tomorrow it will sustain below 12100 then it may test it's strong demand zone @ 12030-12050.
If it will sustain above 12100 then it may test 12140-60-80-12200.
Thank x
Trade well
price action Analysis for tomorrow . This all are educational purpose only , don't trade without proper money management . You can see my previous nifty analysis , which is nearly accurate . Guys this is 1Hr time frame , do trade on 5 and 15 min TF only . If the trendline broken the supports are drawn below .
Through the analysis with price action currently the market is choppy (indecision). Trade with low exposer .
Nifty: The buyer will use every correctionPlan A: Fresh Entry Zone:
-- If it will come to 12055-70 and will sustain above this zone.
-- If it will come to 12020-12035 and will sustain above this zone.
Plan B: NF is trying to come out from the sideways zone. So Both Side Option Selling is not this option
and it may be risky. This is a buy on dips market.
Plan C: Avoid Short Position. The buyer will use every minor and major dip for a long position.
tgram at swapnilcofficial
NIFTY: Detailed Data and Price Action Trading Plan NIFTY: Detailed Data and Price Action Trading Plan
Plan A: If it will not sustain above 11940, I will prefer to go short.
Plan B: It will sustain above 11940. I will prefer to avoid one side trade. I will take a position in option writing
because in this case, it will be sideways in 11900-12000 zone.
Higher Value RelationshipTodays Nifty setup is known as Higher Value Relationship. On such days it is said and proved that if the price opens gap up and then pulls back which is the perfect time to buy(buy the dips). Concentrate on the blue highlighted box.
To learn the 15 candle patterns and the 7 CPR relations please do message me. Very helpful