Nifty50analysis
Nifty50 Analysis of Monthly Charts₹₹Nifty50 in may showing negative divergences but because of money flows & everyone becoming Bullish on Market after election results. Nifty50 not move with charts & give upward breakout towards 2018 Trend line but Nifty50 slightly cross this. Now Nifty50 might take some break or move along with trend line. But a Blowoff Top is set in all major markets around the clock & starts of bear markets. Thanks you & Trade with proper risk management & consult your advisors.
NIFTY50 - SELL AND RUN AWAY ?Symbol - NIFTY50
CMP - 22960
NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000.
According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel.
I'm expecting Nifty to show a reversal from these levels & It may witness a strong profit booking. General Elections result is due on 4th June & because of this, INDIAVIX has shot up from 11-12 levels to 22 level. This is also hinting a reversal. If any negative news flow comes in coming week or on elections result day, We may see huge fall in Nifty50.
Hence I am creating huge short positions in Nifty50 June Futures at CMP 22960.
I will add more position between 23150 - 23250, if comes.
My SL would be 23400 & Targets I'm looking for are lower end of this channel which is around 22050 - 22120 & If it breaks this channel pattern on downside, We will see huge fall till 21000 easily (which is my second target) & beyond.
Risk is small here & Reward is huge. That's why taking more position than usual.
Not taking any position in options as May series options are expiring in 4 days & premiums of June series options are very very inflated.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Nifty50 Support And Resistance 7-Jun-24
Please find below simple resistance and support:
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 ( 31st May) 1/2Hourly closing below 22584 -- 22609 will be 🐻 📉 📉 to 22428 and 22280
22280 could test within 3rd June
Any closing sustains above 22609 in hourly then 📈 📈
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty 50 ( 19th April )Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
NIFTY50 - WEEKLY ANALYSIS - 15th April #indicesNIFTY50 (1W TF) UPDATE - 15th April, 2024
Pattern: ASCENDING CHANNEL
- Reversal at the top of the Weekly Channel Resistance - Done ✓
- Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday
- Geo-political tensions due to the Israel-Iran conflict might also have some repercussions
- Volatility is going to be high
- Support Levels have been marked out
Going forward with any Swing Trades:
- DO NOT jump into falling knives
- Watch higher time frames for more accurate entries
- Anyone going short on any stock, please hedge your positions
- There is and will be a lot of volatility over the next 45-60 days.
Until then, we need to be doing the following:
✓ Keep SL's in play for existing positions or trail your SL
✓ Ensure your position sizing is as per your rules
✓ Keep risk management in play at all times
And most importantly, if the market is giving you decent returns in any trade:
✓ Then book your profits and
✓ Hold your capital
Always remember:
- We can live to Fight another day; but ONLY if we are in a POSITION to do so
So Capital Preservation is Key !!
.
.
.
Become Emotionless
&
Trade Ryte
#nifty50
Nifty 50 Price ActionA trend line support broken yesterday most probably price will retest, act as resistance and go down. 50 EMA is also on this level make it as strong resistance.
if broken market will go till 22300.
be careful, be watchful and enjoy the trading.
I am not SEBI Registered Advisors. This Idea is purely for training and educational purposes. I shall not be responsible for your profit or loss. All trading strategies should be used at your own risk.
Nifty50 Support And Resistance 5-Mar-24Please find below simple resistance and support:
Resistance: 22440
If crossed up then will see upward move as follows:
T1: 22581
T2: 22669
Support: 22350
If crossed down then will see downward move as follows:
T1: 22229
T2: 22142
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 Support And Resistance 28-Feb-24Please find below simple resistance and support:
Resistance: 22219
If crossed up then will see upward move as follows:
T1: 22266
T2: 22301
Support: 22134
If crossed down then will see downward move as follows:
T1: 22129
T2: 22094
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support:
Resistance: 22166
If crossed up then will see upward move as follows:
T1: 22178
T2: 22207
Support: 22084
If crossed down then will see downward move as follows:
T1: 22065
T2: 22037
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Nifty50 Support And Resistance 23-Feb-24Please find below simple resistance and support:
Resistance: 22266
If crossed up then will see upward move as follows:
T1: 22347
T2: 22412
Support: 22133
If crossed down then will see downward move as follows:
T1: 22087
T2: 22022
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges