Nifty opened with a gap-down around 15750 and made high near 15890 but we again saw the rejection and Nifty made a new low of 15671 but Nifty gave a great upmove in last hours and went above 16000. Trades we took today - > Bought BankNifty 15800 PE at 205 which we booked with 15 points loss > Bought BankNifty 15800 PE again at 235, it went above to our 1st...
NIFTY Intraday Trade Setup For 10 Mar 2022 Buy-Above 16420 Sl-16370 T- 16500 16570 Sell-Below 16320 Sl-16370 T-16260 16200 NIFTY gave another follow up after the daily Doji candle. We planned to buy above 16030. Index made a perfect long confirmation candle in 15 Min and it just moved till 16418 non stop. All buy targets were achieved. This was a short covering...
Both titans are on the opposite side.....Once they sync a new rally can be expected on either side. Till then avoid aggressive trading. Stay conservative. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Inverted Head and Shoulder in Oil India. Commodities are already on fire . . . This looks like a good opportunity to take position and go long Disclaimer: This is not a recommendation. Pls invest as per your risk reward setup.
Nifty has crawled up to fill the gap--shorts out of the way, FII's preparing to wreck havoc now? Market lacks momentum to cross and sustain above 16300. Global worries on OIL etc remain. Ukraine showing some stand down on their rigid position--may be too little too late. Long consolidation within a range since morning--a sell off could make a breakdown and a...
Nifty will open slightly gap down in today session. Expected opening near 15900 level. After opening if nifty starts trading below 15900 level then expected downside upto 15680 level. Any upside rally only possible if nifty sustain above 15940 level.
Hdfc bank on a daily timeframe has formed a bullish engulfing pattern with volume confirmation. It is the basic candlestick pattern with shows the reversal in trend. Support:- 1300(round number) resistance:- 1327, 1357 The pattern is bullish. Trade only when the price sustains above 1327.
Buy setup Buy nifty above 16030 Target 16130 Sell setup Sell nifty below 15950 Target 15890, 18820
Coal india consolidated today in a descending triangle pattern of Hourly time frame. Support levels :- 186.8, 188 Resistance levels:- 192,194.5 On smaller time frame it seems to be on a support. Wait for the levels to sustain and price action pattern.
Nifty on an hourly time frame has given a break out of major resistance level, its 20 Ema and the round figure of 16k. Nifty looks somewhat bullish. Major support levels:- 15915, 15689 Major resistance :- 16203, 16363 Wait for the levels to sustain. Market is volatile. Test the levels.
Nifty made a frantic cover of shorts in the closing hours today. Global cues remained worrisome with crude expected to go through the roof unless ukraine issue gets resolved and restrictions on Russia are lifted soon. Some gap was covered but 16011 remains a critical level to watch. below it will indicate more weakness till 14415 and above it 16200-250 will be a...
Understanding trends through support and resistances.
NSE:NIFTY 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
NSE:NIFTY Trade Setup for 09-03-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
educational purpose only I made some good money on the bounce back today but the market is still a bears market. picture is quite clear on the hourly charts of nifty future. important levels strong support: 15700 strong resistance: 16350 I don't think that 15900 will be broken anytime soon. the charts need a lot of strength to break strong levels. there should...
NIFTY Intraday Trade Setup For 9 Mar 2022 Buy-Above 16030 Sl-15980 T-16130 16250 Sell-Below 15940 Sl-16000 T-15890 15815 NIFTY showed some profit booking today, profit booking by short sellers. On Monday it made a hammer like candle. We planned short below last Monday low, it gave a small profit of 50 points. then Double Bottom was formed and index gave a good...
There are many factors driving the market. Russian Invasion Crude prices Inflation, Fed rate hike fears UP state election results FIIs heavy selling Overall market considered the worst scenarios and corrected accordingly: Two major support zone for market are 15600-15900 and 14350-14700 Markets may reverse from any support zone Long term investors should hold...