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Nifty50analysis

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
NSE:NIFTYLong
by SardarGMarkerTrader
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.
NSE:NIFTYLong
by praveshk2
Morning Mantra, 8th March 2022Good Morning! Just as we had much clearly stated in yesterday’s Morning Mantra, that if Nifty fails to sustain above the level of 16200, then we can expect the levels of 15850 and 15580 to become active once again. Similarly, we did witness that after a gap down opening at around 15867 yesterday, nifty had ultimately given us a closing at around its predicted level of support of 15850 (i.e., 15863 approx). Moreover, as per our past experience, it seems that the worst is over now. So, Cherry picking will be a good idea at this level. However, we will be more aggressive in the market once after we witness a stable closing of above 16200. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 3rd March 2022Good Morning! Once again, the importance of the level of 16800 was witnessed in the Trading Session, yesterday. Where, on being unable to cross over and give a closing of above 16800 on Monday, Nifty made a low of around 16478, yesterday. In addition to which, we can see the difficulties that the index is facing to stably cross above the stated Level of Resistance. Thereby, a closing of above 16800 will be the only hope for the bulls, as of now. So, until then stay cautious and avoid being too aggressive in the Market. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Nifty Daily AnalysisNifty 50 is seeing a deep correction since a while. On fundamental terms the action is happening around Russia-Ukraine news flows, now talking on the technical terms the Index is trading in Regression Trend Channe l. Currently price is trading around lower levels of the channel from here on key levels to watch out is resistance at 16850 if that gets clear then we can see bullish momentum for upcoming trading sessions. However the market is highly volatile these days so avoid carrying overnight naked positions.
NSE:NIFTY
by karan_bagri
Can we see the new ATH in NIFTY?No doubt that market will be highly volatile ahead of Budget Summary 1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45 Channel width is 1,566 points. 2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue. 3) There is also a Red channel which has a width of 430 points which given a breakdown and achieved the target easily in 3 trading sessions. 4) Biggest technical support of Nifty is the channel line in which it is trading and Physcological support, for now, is 17K closing basis. 5) On a daily timeframe nifty is weak. Reason- 10 EMA given a negative divergence and crossed 20 and 50 Ema. On the other side, Bannifty is very strong and has seen very good buying volumes in all banking stocks. 6) Nifty IT is oversold and expecting some recovery in it and Banknifty is so strong that it can also pull nifty up. 7) This view will fail if nifty gives 2 consecutive below the channel. Till that time Nifty is buy on dips and ready to make a new ATH. Note: Please don't create postions according to this view. This is just aview trade on levels.
NSE:NIFTY
by RameezShaikh03
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