Nifty50analysis
Nifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in nifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/ 01 /23. but due to some rules and regulation the post was been private. Ok leave it.
Let's discuss moday's market
Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday nifty may touch the demand zone which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management.
Target will be the supply two zones which is marked in the chart.
Mark the zones and trade in 5 min because i couldn't post it in 5 min timeframe.
Alert for tomorrow's market:
if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M)
Remember if market doesn't follow this setup if continues to fall then do one thing when moday's low is breaked by a 5/15 MIN candle then only go for selling.
you guys know where i can post more about this i will not tell, u guys guess what i mean to say. Be smart😎
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Nifty Daily Levels Update For Option Day Trading Nifty ConfirmTarget 13 December 2022
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18444 - 18455
Second Support Zone For nifty50 – 18380 - 18385
Third Support Zone For nifty50 – 18298 - 18314
Resistance Zones For Nifty50 Intraday Trading
First Resistance Zone For Nifty – 18554 - 18547
Second Resistance Zone For Nifty – 18615 - 18608
Third Resistance Zone For Nifty – 18680 -18670
Importent Signal from Nifty Option Chain
PCR ratio as per Option Chain Analysis – 0.7 ( Bearish )
Max Pain As per Option Chain Analysis – 18500
Major Support as Per Nifty Open Interest Analysis – 18400 /18300
Major Resistance as Per Nifty Open Interest Analysis – 18600
Intraday Trade Setup 13th Oct Sitiation 1
Price may see a upward direction for a target pf 17250 & 17400
Situatioin 2
after lower opening If we are getting rejection from 17100 then we may see 17k again and this will open doors of 16.8k
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
NIFTY 50 30-AUG-2022 PROFIT BOOKING PROFIT BOOKED 1:3.5💯💯
Used 5min Time-frame for Trading
Yesterday I gave my levels and setup for trade.
But as today market opened gap up, I updated new Levels.
Kindly check my Yesterday post pinned below.I have updated new levels in morning as market opened gap up
Used past analysis to find support and resistance level on 15min time frame.
On 5min Time-frame waited for breakout or breakdown.
As NSE:NIFTY breakout, ON 5min Time-frame then waited for pullback+Confirmation and took trade at 11:05
Hence profit booked.
What if didn't go my way?
Simple take my stop-loss. Because we can increase chances of profit by strong analysis. But no analysis is 100% perfect. Just obey stop-loss or Take profit.
You will be profitable.
Like and comment below your views
NIFTY 50 Analysis for 30-AUG-2022Nifty50 Intraday Analysis NSE:NIFTY
Kindly change to 5min Time-frame
As on chart we can see there is RED LINE= Resistance.
GREEN LINE= INTRADAY HIGH=SUPPORT
On 29 Aug market opened huge downside then traded due to fall in DowJones. HENCE NO TRADE FOR TODAY
CONDITION FOR TRADE::
BUy ABOVE 17382
SELL BELOW 17280
Nifty 50 overviewThis is nifty 50 1hr chart analysis to find target for Jul 2022 months and so, starting from 10-16jun formed shoulder then 16-21 formed head n 21-23another shoulder , so our first target was one shoulder height from breakout point, which shown in green arrow, if we look last 1 hrs candle of 23jun there is no upper wick that showed market could go up, next day market broke out its neckline n gave gapup opening, in next 2 hrs we saw a profit booking as market was in downtrend, but it did not brake its low , instead broke day high n sustained, n next day on 27th it gave our 1st target of shoulder, now as per head target is 16170(green arrow), before that if we see 27-29 Jun 1 hrs chart making lower high n lower low pattern however did not brake its ascending trendline in thick red which is giving support from 2ojun. If we connect 27-29jun candles high it would form a symmetrical triangle whose breakout target would be around 16000 level, now we can also see an ascending triangle support from 20-29jun and resistance at 15900, which gives us target of 16475(blue arrow). Such chart patterns indicates bottom is being created n market is ready to move up.
Nifty 50 | Positional Analysis As per the technical analysis, Nifty 50 NSE:NIFTY can fall till 14366 Levels positionally, that zone can act as a strong support zone, currently, Nifty 50 is trading at 15786 so more 8-9% fall is expected,
This analysis is purely Positional / Long Term view of Nifty 50, but first, we need to break the 15400-15000 Range , once that zone is taken out we can see
Target Level 1: 14366
Target Level 2: 13057