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Nifty50

Patterns and patterns everywhere!!!!!!!!Personally I am not a big fan of patterns and neither trend lines, still I might use trend lines for reference and better view. But we can see similar and perfect patterns in many stocks, you open any chart and boom you will find this pattern. I do not trade based on any pattern or indicators, but since I can see this pattern, so I just drew it over here. But even without pattern we can see its bullish momentum. Any why so many patterns are working so fine? Because many scrips and market is extremely bullish. It has become so easy to find such patterns and almost all are working fine. The main task is for perfect entry. Once most of the stocks hits their pattern target. Then you might not see such pattern often. And you will soon see failing and imperfect patterns, till then enjoy and happy trading. Personally my entry would have been near 470, but I analyzed this chart today and this doesn't fall in my setup. Anyway, you can find your entry and exit in this scrip as per your setup. You can see my other ideas for many such simple analysis and highly accurate setups with amazing R:R. Regards
NSE:BHARTIARTLEducation
by yogi_sharma_elliottician
8
Perfection! Perfection! Perfection!New traders often train their eyes to find a perfect pattern, in this process they often miss the trades. This fact goes with all the patterns and not only head and shoulder. So we never find good perfect patterns? We do find often. But you do not have to focus on finding a perfect pattern, you have to focus more on risk management and winning ratio. Once you practice enough you would see patterns everywhere and in fact you won't even need to trade all those pattern. You could filter those pattern as per your need and situations. Be on the reality side and not on the expectation side. Happy trading!
NSE:NIFTYEducation
by yogi_sharma_elliottician
8
How World Trend Performed Before Indian Stock Exchanges opensDo you Ever Wonder How world Trend is Performing Before the Indian Market Opens. How Major American Stock Exchanges performed ? How Major Asian Stock Exchanges are performing ? How is Major European Stock Exchanges are performing? It will be great if you get to Know all these in one place. Major American Stock Exchanges AMERICAN Region Stock Exchanges INDEX NAME Dow Jones Industrial Average S&P 500 Index Nasdaq Composite Russell 2000 Index NYSE ARCA OIL INDEX S&P/ASX 200 NYSE AMEX COMPOSITE INDEX S&P/TSX Composite index IPC MEXICO S&P/NZX 50 INDEX GROSS picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the American Markets Trendline. X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST. drive.google.com ASIAN MARKET SENSEX Hang Seng Index Nikkei 225 Kosdaq Composite Index Taiwan Capitalization Weighted Stock Index Thailand Israel turkey indoneshia KOSPI Composite Index X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST. The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Asian Markets Trendline. drive.google.com MAJOR INDIAN INDICIES NIFTY NIFTY BANKnifty NIFTY AUTO NIFTY METAL NIFTY FMCG NIFTY PHARMA NIFTY MEDIA NIFTY INFRA NIFTY IT NIFTY ENERGY The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Markets Trendline. X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST. drive.google.com The picture contains a graphical representation of trendline which will indicate the overall movement of that regions performance this picture shows The global Trendline Vs the Indian Asian Trendline. X-axis contains 0-100% the indication of how much positive the market has moved a weighted average calculation. Y-axis is time in IST. drive.google.com EUROPEAN MARKET DAX PERFORMANCE-INDEX MDAX FTSE 100 Index IBEX 35 CAC 40 FTSE 100 ESTX 50 PR.EUR swiss market index MOEX Russia Index
NSE:NIFTYEducation
by TJalam
INDUSIND BANK : ALGO DEMONSTRATION (FINALLY GAVE EXIT SIGNAL)HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open short position. A green arrow below the bar pointing upward means open buy position. 4.NOTE: Only after the the signalling of X , look for arrow. Do not buy/sell if you see any arrow before the signal of X. 5.STOP LOSS should be the most recent swing high/low or most recent STRONG CANDLE’S high/low. While maintaining the position : 6.The small triangles after the each bar completion tells you to hold the position. The red triangles appearing upside on the bar tells you to hold the short position, whereas the green triangles appearing below the bars tells you to hold the long position. Exiting the position: 7.After you create a buy position , if you see a green arrow above any bar pointing downward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 8.Similarly, after you create a sell position , if you see a red arrow below any bar pointing upward, then you should either book partially/leave the position for sometime. You will get another signal to re-enter. 9.While being in position if you see any X signal which is opposite of your trade , then leave your position immediately. 10.When you see a big red circle dot then you must exit all your short positions. Contrary , when you see a big green circle dot , you must exit all your long positions. And then wait for a X-signal. No Trading Zone: 11.When you get frequent X-signals in green-red-green-red & that too very close, then its means that stock is going to form a range. One should wait for the range break & move away to another stock. (THIS IS WHERE YOU WILL REQUIRE A PRACTICE TO IDENTIFY THE RANGE)
NSE:INDUSINDBKEducation
by TradingSutra
7
NiftyIt has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo support and lower end of the parallel channel. The next resistance for Nifty is at 12825 and above that at 13100/13500
NSE:NIFTYEducation
by Dinesh_C_Nagpal
7
BANKNIFTYWeekly chart of BANKNIFTY. This chart also suggests that the strong support base is shifted towards up side in the BANKNIFTY.This support region comes to about 21050 kind of levels. Currently if we see, we have come quite above our marked supports in the chart. The way we have identified the open of the weekly levels as important support, even in BANKNIFTY the same level comes to around 22300 kind of level which is another good support for us. BANKNIFTY on the last 2 days have witnessed even bigger up moves compare to NIFTY. Even in BANKNIFTY lots and lots of shorts have contributed to up move more than fresh buying and hence we have come to a level where some caution is good. Derivatives Analysis: Current week's OI data it is very much clear that there are more PUTS OI is accumulated compare to that of CALLS both in NIFTY and BANKNIFTY. Surprisingly there are still many shorts trapped as can be seen in OPTION CHAIN. On NIFTY 1.8M CALLS at 11900 strike and 780K CALLS on 11800 strikes are trapped. The same way, on BANKNIFTY 190K CALLS at 23800 strike and 390K CALLS at 23500 strikes are trapped. These trapped calls on NIFTY and BANKNIFTY can still make sure some higher levels to cross. On NIFTY, higher CALL OI is wit- nessed at 12000-12200 levels & higher PUT OI is witnessed at 11800 and 11700 levels. On BANKNIFTY, higher CALL OI is at 24000-24500 levels and PUT OI is at 23500-23000.
NSE:BANKNIFTYEducation
by profitbookingindia
Nifty key levels remain intactRefer to the last week’s analysis wherein resistance in the range of 11541-11620 was mentioned. Nifty touched the highs of 11,618 during the week and couldn’t break this resistance, it finally closed at 11504 almost flat closing for the week. While the key indicators like RSI and MACD are in negative territory, Nifty’s closure above EMA20 and DMA10 levels keeps the bulls hope alive for coming week. On monthly chart, positive zone is maintained. Immediate resistance for Nifty for coming week is in the range of 11629-11696 range. Clear strength in Nifty will emerge only above 11,755-11780 resistance zone. On downside, there is immediate support at 11,468, followed by 11383-11408 zone. Further support points, as mentioned in our last analysis, are maintained at 11,303 , 11,178 and 10,880. Below 10,880 pace of weakness may accelerate. Derivative market data indicate resistance and support at 12,000 and 11,500 respectively. #Nifty50 - Rajesh Ramchandani
NSE:NIFTYEducation
by Rajesh_Ramchandani_Delta
SGXNifty vs Nifty50The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication. Today, the SGXNifty is trading about 20 points lower (7:45am), indicating a flat open for the day. When you come into the market with a bias, this can either confirm or reject that bias and help you create a more accurate trade plan for the day.
NSEIX:NIFTY1!Education
by ArcherDAVIS
2
Nifty key levels to watch for After touching the lows of 11,185 during the week, Nifty managed to close above key level of 11,408. While the upward channel still remain broken since Aug 31, Nifty has been able to keep DMA50-DMA200 crossover intact. After 5 days of remaining below DMA20, it managed to close above this level on the last day of week. In view of this, one more trading session is required to confirm whether Nifty is able to hold DMA20 plus level or not. Nifty is presently at the resistance line formed by the lows of Oct 2018-Sep 2019. Next resistance is seen at the range of 11,541-11,620, which is formed by upward moving resistance line of Apr 2020 & June 2020 highs. As the maximum open interest of call options stands at 11,500 strike levels, resistance level of 11,541 becomes even stiffer to break. Above is followed by the resistance at 11,686. Even if Nifty is able to break all these resistance levels, uptrend in Nifty can only be confirmed if it is able to break 11755-11780 range. MACD remain weak since last 10 trading sessions. On downside 11,408 followed by 11,303 is key support to watch for. Maximum open interest for Nifty put options is at 11,300 making this level even stronger support. If this support is broken then 11,178 and finally 10,880 are the key levels. #Nifty50 - Rajesh Ramchandani
NSE:NIFTYEducation
by Rajesh_Ramchandani_Delta
Day Trade setup for beginners Simple Trade Setup for Beginners for Day trade Put three Horizontal Lines after opening. These are calculated by various ways like Standard Deviation /ATR / Pivot points etc (I use algorithm) 1. Buy Above price in green 2. Open Price e in blue(actual value) 3. Sell Below in red Second Set of Horizontal Lines 3 Targets of Buy in dark green 3 Targets of SELL in dark red Place the Trend change timings as vertical lines (before market) Price chart in Heikin Ashi 1min or 5 Min based on comfort. Super trend (7,3) on top of this chart Use the Standard Pivot points (use shaded and not just lines) If we are on Positional SELL then put a line for BUY reverse number differently as this may be strong resistance/Support If we are on Positional BUY then put a line for Sell reverse number differently as this may be strong resistance/support. Things that worked for me. 1. Observe the market action of previous 3-4 days/1 week on the response to these horizontal price lines added.(before market open) 2. Make a note of 15/30 min Super Trend for Resistance/Support levels (before market opens and later as well) 3. Don’t trade in first 30 mins of opening and allow market to stabilize. 4. Not gaining Money is better than losing money and just HOPE is not a strategy. 5. No trade with high leverage /borrowed money and Psychology plays VITAL role in trading. 6. Big Traders try to trap retailers frequently by sudden sell /Buy in big volume to create false trend but Math’s can identify it!. 7. If open price is acting as support then Market tendency is to move UP and if the Open price is acting as resistance then market tendency is to move DOWN. 8. Simple trend lines will give a good amount of information on a 15 min Heikin Ashi chart. 9. Believe in use of Mathematics and Statistics along with any parameter that supports it in consistent manner including Astrology works better. 10. Prepare mentally before a trade. Keep calm, stick to a plan (prepared before trade starts) and no flip flop during trade. 11. Invest time to read about (Standard deviation-Mean-Probability-Skew/volatility/Fibonacci/Heikin Ashi). 12. Price always follows a predictable (yes!!) pattern (identified by Polynomial equations) and everything is scripted by large players.
NSE:NIFTYEducation
by AstroAnalytica
4