Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level.
Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets.
On the hourly charts, market...
A clear bullish engulfing candle and a dragon fly doji on the daily charts shows some bullishness in the indian markets.
Nifty has given a U shape recovery today, after crossing 19530 levels market looked good for selling but it reversed after 100 points fall from the day high.
Today's market was totally unpredictable as it started consolidating after the fall...
If NIFTY breaks today's low on a daily closing basis then 19260 and 18800 levels can be considered as a Buy the DIP levels for Target of 20000.
Disclaimer: The above view is for educational purpose only. Please consult your Financial Advisor before investing.
Nifty has again faced a rejection from the higher levels. Though, nifty closed 80 points higher after a gap up and has formed a gravestone doji on the daily charts.
Markets are respecting the higher levels and couldn't convincingly create new highs. The market is missing on the buying or selling momentum and has been consolidating near the highs.
On the hourly...
Nifty has been holding the highs for long. But during the last trading session market has given a bearish engulfing candle and formed a gravestone doji on the weekly time frame.
The market has given a red candle and closed 165 points lower. Profit booking and retest was required and market has retraced to 23.6% fibonacci levels.
On the hourly charts, the market...
Nifty50 Weekly Key Trading levels 26th-30th June 2023
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit...
Nifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERO
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any...
I had posted about a Head & Shoulder pattern breakout on Nifty 50 Index. I followed it up with a couple of posts showing how the pattern is working out. Today, I am happy to post that the target of this breakout is achieved.
PS: News flow only matters for Intraday players. For positional bets, patience is the key. Learn a pattern, follow it and start preaching...
Nifty50 Weekly analysis & Prediction-12th June -16th June 2023
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any...
Nifty50 Profitable Trading Levels for 8th June 2023 Weekly expiry tradesetup
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible...
This chart Nifty 50
One hour time frame use Monthly expiry today.
Nifty 50 support zone 18197 to 18335 big green candle create.
Note this chart are only educational purposes.
The banknifty index is stuck in a range from 44150 to 43500 levels , any breakout or breakdown of these levels can give a directional move in the index , on the downside expect banknifty to touch 42800 levels if the range is broken downside ,higher probability trade will be on the upside if all time highs of index ie 44150 levels gets broken , one can enter on...
Nifty50 closed at 18089 as there was selling pressure observed in metal, banking, and technology stocks. SGX nifty signals a neutral to gap down opening. Markets closed lower prior to the US Fed policy meeting. Strong buys from FIIs saved the day along with strong economic data. FIIs' cash purchase was 1338 CR and DIIs bought 584 CR (Net positive of 754)
As...
Today's Possible Trading Levels:
UPSIDE TRADE:
Buy only above 18150 >>>>> Buy ITM 18100 CE. (TGT 18200 | SL 18100)
DOWNSIDE TRADE:
Sell only below 18100 >>>>> Buy ITM 18150 PE (TGT 17050 | SL 18150)
Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution...
