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Nifty50_price_targets

NIFTY makes new high | Next target 11500!Nifty - Technical Analysis: -Nifty saw a good uptrend today and rose 1.23% ending at 11391 -Nifty saw some resistance around 11350 but took support at 11300 and bounced back Market - Driving Factors: -Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04% -Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations. -Rupee ends at 74.75 against dollar versus Monday's close of 74.89 per dollar. Nifty - Outlook for Wednesday, 19th August: Nifty was quite bullish today and finally broke a strong resistance of 11360, a small pullback can be expected before nifty continues its journey upwards A new high was formed, The first target can be around 11500.
NSE:NIFTYLong
by Algokart
1
NIFTY CONSOLIDATION WILL BREAK WHICH SIDE UP OR DOWN ?Hi Traders, 1. On the 8th of July 2020, I stated in that post is quoting for your consideration in point no.4 of the trading plan " See I made a white circle showing a morning star pattern that took the price to the upside is breached today. Means nor taken out condition was fulfilled in two days trading nor a morning star is valid. So hight probability prices will move down to the red and green zone." . Here the two given conditions are not fulfilled at any side price moved sideways two days. But quoting purpose is tow show how I switch my sentiments with price behavior in statement I said that it would be highly possible to move price in the red and green zone. Since price remained range-bound not fulfilling any condition but now that probability is changed. That I will discuss in the trading plan column. Trade plan for the next session. 1. In the previous post, the price was expected to come down to the red-green zone the red line is replaced with a blue dotted line. To better understand I set the previous fig below. Now it is less probability to move the price to the green line. If the price takes out a white red zone in a 15 and 1-hour time frame then it can move to a lower blue dotted line. If this condition is not satisfied then the price will resume its uptrend. 2. Now uptrend will have to take out the pink line in both time frames. Then the next target will be the upper dotted line. 3. chances to see whipsaw move at the white dotted and red zone. That will be a clear signal for longs. The rest price will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
28
IS NIFTY READY TO MOVE UP SEE HOW ?Hi Traders, 1. Let us compare my previous post statements with real price moves in two days. In point no. 1 of the trade plan I mentioned is quoting for your consideration."If taken out in 15 min time frame then the price will move to the red dotted line . in case this line is taken out in 15 min then the blue upper line is the target. Green arrow showing this condition from the green upper line." you can see price after two days broke green resistance and in 15 min time frame, the condition gets fulfilled. Aggressive traders can take positions but timing their trades on a lower time frame of 5 min with stop-loss. I many times wrote in my conditions that they are made up of two-time frames. 1h and 15 min. when I talk about taken out then by default, I am talking of two frames, not one. In today's case how one has to deal with it. Showing 15 min time frame to understand how one should take an aggressive trade after fulfilling 15 min condition. 2. See in fig green line is taken out by bullish white candle closed above green is the first requirement to be watched circled in green. closing is always watched for breaching line. second, see next candle did not close above-breached candle so wait for next that candle gave close above breached satisfied the condition. Now go in 5 min time frame to find buy set up with the stop loss of breached candle low on closing basis. This is how one should take the position on both time frames. The same condition applies for 1 hr also. Pink color line in 15 min chart is the sl for long trades on closing basis. Many traders are confused about taken out now I want you to help others replying in the comment box when any new traders ask about taken out in a practical way. Trade plan for the next day. 1. See fig I made a triangle of red color showing the candle qualifies of taken out condition. The previous candle breached the green line but not closed above it so does not qualify. when triangle candle high is taken out by any candle in the next session on a closing basis then taken out condition will qualify. the stop loss will be low of red color triangle candle on a closing basis. some times price moves very fast crossing the low of the breached candle then covers your position immediately rather than to wait on a closing basis. There is no hard and fast rule in trading sometimes one has to see price action at this stage. Because the time frame is 1 hr so if you wait for one hr then the price can go very deep. 2. If in any case price takes the pink color lower line in 5 min time frame then the trend will change to the downside. look for a sell setup. Do not jump into the trade. 3. Upside red dotted line is a target if takes out in 15 min time frame then the blue line is the target. The rest market will decide. YOGESH VATS Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
NSE:NIFTY
by yvatsji
29
SHORTED NIFTY Hii this is trader Kanishk This is the analysis of NIFTY I have shorted nifty, do you ? and waiting for a new gap down open on tomorrow morning. Here the phase is very volatile and we don't have to took long position in nifty . this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional trade at this time without any confirmation. Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio . Guys you can also follow me on twitter for any queries.
NSE:NIFTYShort
by thisiskanisk
NIFTY SEEMS TO BE WEAK THAN BNF SEE YOURSELF !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE TODAY. 1. In point no. 1 of trading plan column I mentioned is quoting for your consideration " if price take out 30 min then trend will change to down side". You can see price could not take out red line on 30 min time frame therefore, did not move to given green and blue support zone. It was also clear trade as discussed in bnf post with sl of first candle to yellow trend line. See how conditions give you clue to trade in which direction daily . 2. In point no.4 clearly mentioned " like bnf next day can be range bound giving chances to trade both sides ". . You can see the structure of today move in this time frame is completely range bound. Yesterday dow was down at night but I was pretty confident of this move and wrote before dow was down. People on social media were taking on big fall for this day but I wrote range bound trade in both indexes result is in front of you. This is the power of technical analysis if done with depth. 3. Today even a single trader did not write about their trade . Was it proved painful day for them. Even if that so , please write your bad trade so that others can learn from your experience. Trading plan for next day. 1. If price take out red support line with white trend line in 30 min time frame then short can be initiated with the target of green blue lower end of this zone. Tomorrow can be trending down day if next condition in point no. 2 gets failed . 2. See yellow trendline and green upper line is taken out in 15 min time frame then this down trend can change to upside . 3. Price between no trading area is shown by yellow arrow where I would not like not to trade till trend clarity is achieved. By taking price out of red dotted line. 4. If price takes out green blue zone down side in 15 min time frame then red support line is your target. All conditions are important in my analysis so follow them strictly. Rest market will decide. YOGESH VATS Disclaimer :- All position should be taken with consulting your financial planner . I can be wrong any day any time.
NSE:NIFTY
by yvatsji
28
HOW MUCH UPSIDE IS BAL IN NIFTY SEE YOUSELF!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN NIFTY TODAY. 1. In point no.4 of trade plan I mentioned that is quoting for your consideration " if price takes pink dotted line upside in 15 min time frame then upper end of zone will be the target. . You can see the taken out condition in 15 min was completed and price moved towards target. I have seen in comment box traders not getting taken out conditions properly . It can happen one day when you feel mentioned condition is fulfilled according to you but in real not , and price deceived all those who could not understand. See taken out conditions are made up of two time frames which I share time to time in analysis. On completing one in lower time frame First you look for buying setup in lower time frame of min . If you get setup then go for buying or selling. Not jump into trade without seeing set up and risk to reward ratio. Plus if bigger time frame does not fulfill that condition then exit with whatever you are getting. To move any side both time frame conditions should be valid. see how pink color dotted line first resistance turned into support circled in white. Trade plan for next day. 1. Market is near to change its trend so be careful for long side trades. I provide some conditions till nifty fulfill you remain long side as soon as condition gets breached cover your long. 2. A pink color trend line is the first sign of weakness If it is taken out on 5 min time frame only cover your positional long. pink dotted and blue line is taken out in 15 min time frame only then second clue of weakness. when you get this clue find sell setup with risk to reward for target of yellow trendline. 3. If yellow trend line is taken out on 15 min time frame only then tend will change to shorts. Red arrow indicates that. 4. A red dotted line upside is not taken out on 15 mins chart only then this area can reverse long sentiments to shorts. 5. price can be range bound between yellow trendline and blue pink dotted zone. Rest market will decide. YOGESH VATS Disclaimer :- All trading should be done with consulting your financial planner. This is for educational purpose only.
NSE:NIFTY
by yvatsji
57
YESTERDAY TITLE JUSTIFED TODAYS MOVE SEE YOURSELF IN NIFTY!!COMPARINING MY FRIDAY'S STATEMENTS WITH REAL MOVE IN NIFTY TODAY. 1. In my last post I gave title " will nifty continue its rally or ready to move in correction." you can see today move in 1 hr chart shows the range bound movement. First sign of correction symptom. If price validates my conditions that I will discuss later. In trading plan point no.2 is quoting for your consideration " if price consolidate near (both sides) of this zone for sometimes then chances to break down will increase." You can see price moved both side of this zone by whole day . Now one thing is to understand in this sort of price action. See condition no 1 which says that If price is taken out in 15 min time frame . yes the price was taken out in 15 min timeframe. some traders will think that condition no.1 is going to be satisfied . But one has to understand though 15 min is satisfied in initial 1 hr so what will happen aggressive traders will open long position with sl of First 15 min candle low. You can see in that time frame the low was not breached as you know breached means price closed below first 15 min candle . That candle was crossed but closed above the low of candle till 2.30 pm . Now why price did not move up after 1 hr candle . The price taken out condition in first candle of 1 hr is not satisfied . There fore , intelligent trader would not open long . Only aggressive opened it. Same case was today with BNF but different result1 hr candle in that case was taken out on 4th or 5th candle therefore priced move up . So this taken out condition you have to see with 1 hr time frame. I discussed it on Friday bnf post also but some of you would not be able to understand it . Hope this time the concept will be cleared. 2. See first hrs high was not taken out that I showed by pink dotted line. When second attempt was tried to take it out and got failed that was the signal to close aggressive longs. Even positional longs too . As this attempt is in Blue zone lower band. That shows weakness. 3. Many trades are writing in comment box about their good and bad trades with their experience this really motivates new traders. Helping each other is the key to success in stock market rather then being selfish to earn yourself only. Trading Plan for next day. 1. I circled a variation of shooting star in white on blue zone that is not activated till yet but on other side price did not breach the upper end of this candle. And last hr candle closed below the low of previous bull candle. This is right time to take price down if there is no gap up opening. 2. If Red line is taken out on 5 min time frame with yellow trend line break is a signal of sooner or later price will move in consolidation giving both side moves in range, white blue zone is area where price can take support to make lower range of consolidation . 3. If price takes out blue and white zone in 15 min then chances of breaking white trendline will increase. If taken out this line also in 15 min time frame then sentiments will change to bearish. 4. On the contrary if price takes out pink dotted line upside in 15 min time frame then upper end of zone will be the target. Follow conditions you will be rewarded either by covering wrong side trade or by going in wrong direction. Rest market will decide. YOGESH VATS
NSE:NIFTY
by yvatsji
32
WILL NIFTY CONTINUE ITS RALLY OR READY TO MOVE IN CORRECTION !!COMPARING MY YESTERDAY STATEMENTS WITH TODAY REAL MOVE IN NIFTY. 1. In point no.4 I mentioned is quoting for your consideration " if upper blue is taken out by gap up then pink zone upper end is my target." .You can see price opened slightly gap up and took support of same blue line where it took resistance for two candles shown in green circle. This process is called resistance converting into support. And you can see pink color zone upper band target achieved. I visualize the move in my mind and eyes then manifest conditions . Its on price which condition its selects to perform. Everyday one thing is to be noticed that when condition is validated by price you see that side move on contrary if it gets failed you see other side move . There is no if and but after validation or gets failed. Means no fake breakout no confusion . That is the characteristics of magical conditions. 2. Today trade was simple in nifty as compare to bnf once resistance turned support trade was quite visible with the help of selected condition Everyday many traders write their good and bad trades in all post whether of indexes or stocks . The ratio of profitable trade is far ahead than non profitable. Bad trades are due to non understanding of condition or bad timing of risk to reward. Even I also learned many things form traders when they explain their trades. My advice is for genuine seekers who rally want to learn this art ,they should visit all posts comment box to see educational questions and replies that will help you understand more in terms of trading. Traders reasons of entry exit are also good part of learning . This way you can create edge helping each other . Those who follow me on twitter , They should see all back psychological clips on trading by scrolling my profile . If you have seen all once go to read next after 15 days so that the psychology explained in form of clip make you remind are you using it in your trading or forgotten just by once reading. See these are trading psychology where I shared my own experience not copied by anyone. When you attain that level when things get feel ,only then can be shared in form of experience. when you have depth of that feel only you can describe with correct words otherwise not. So read them twice in month. slowly -2 all will be part of your subconscious mind and you will be able to take edge in trading. Time to time I add new trading psychology. TRADING PLAN FOR NEXT SESSION. 1. See I made a white and blue lower zone If price stays in this zone then chances to move up to blue colour zone lower band . In case price breach and do not recover in 15mins inside this zone then chances of take out this zone will increase . 2. If price consolidated near( both sides)of this zone for sometime then chances to break down will increase. on the contrary if price consolidate by breaching it only one time and rest of time remains up the chances of going up will increase. 3. If price break it and go down to white ema and come to red line above then chances to be range bound will increase if red zone is slightly breached . And price come down in same candle . On the contrary if price move from ema to this resistance and cross it with momentum then price will move upside then no if and but. 4. If price open gap up at blue zone lower end and do not sustains in 15 min then trend will change to down side but that will later on become range bound. 5. I will surrender my longs If price get rejected from red line and start trading down. After breaching white trend line Pl do not take short It might be false break out wait price fulfil taken out condition. Hope all conditions are clear . Rest market will decide. YOGESH VATS
NSE:NIFTY
by yvatsji
26