Nifty - Technical Analysis:
-NIFTY gapped up but instantly started falling from 11300
-It fell till 11100 and bounced back from it to move sideways for the rest of the day
- Nifty ended at 11,153.65 with a loss of 97 points or 0.86 percent.
Market - Driving Factors:
-Among the sectoral indices, BSE IT and Teck ended in the green, bucking the trend. On the flip...
Nifty - Technical Analysis:
-NIFTY fell after European markets opened in fears of another lockdown in the UK
-NIFTY was above 11500 but starting falling after FTSE opened and started falling sharply.
-It crossed below 200SMA and broke it with strength. We can expect a little bounce at 11200 before continuing the downtrend.
Market - Driving Factors:
-Market...
Nifty 50: The Index has seems to have finished wave C of Wave 4 of one higher degree at 11185.15, from there five wave rise was seen to the highs of 11493.50 which is wave i of wave 5, and currently the index is in wave ii correction and ideal termination point of this wave ii should be around 11366 levels, minimum retracement as per Elliott wave principle has...
Nifty has made huge engulfing candle. But, more importantly it has breached it's trend line.
But, don't short it as yet, it has taken support and the last resistance 11377. It has closed well above it. This may now act as support.
Again trend line acting as crucial support.If we reed the chart and act patiently can Trade when the opportunity arises
Chart is only for educational purpose.
Nifty50 is weak and falling facing resistance at a higher level. However, if it holds 10630 levels, then you may witness 10800 followed by 10900.
So, my personal view is to go long if Nifty50 holds 10630 with an SL at around 10550 levels.
Risk- Reward is also good.
Happy Trading!
Akme Analytics
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...
NSE:NIFTY
nifty levels for 16/6/2020
note 9600 is strong support and 10000 is strong resistence
the levels which i have marked on the chart can be reversal also use your price action knowledge and trade safe
nifty in the still not bullish nor bearish just note the range and trade safely
just follow the market don't be bullish or bearish ...let market go on its direction we will trade on its direction an take profit
just follow the price action
coming to the point ; the range for nifty in this week could be ;
the upper price limit :10200
the middle upper...
NSE:NIFTY
NOTE THE POINTS WHITE LINES ARE INTERMIDIATE AND SL LINES GREEN ARE BUY AND TGT LINES
RED ARE SELL SIDE AND TGT LINES
BOOK PROFIT AS SOON AS POSSIBLE DONT BE GREEDY AND LET YOUR PROFIT GO
THIS ANALYSIS IS FOR EDUCATIONAL PURPOSE ONLY
TRADE @ YOUR OWN RISK
NSE:NIFTY
These are the Important levels for the Nifty BUY & SELL
* The Pink Lines are for Buying Points
* The Black Lines are for Selling Points
Through This we can Find the Momentum of direction to trade in Nifty Options
This Levels are only for Education Purpose....
I have used a simple price action theory on the 15 minute time frame of Nifty 50.
As we can see that from 18th May, 2020 Nifty 50 started making higher tops and higher bottoms where up swings are marked with green arrows and retracements with red arrows.
Then on 8th June, 2020 Nifty made a high of 10327. But on the next day i.e. 9th June Nifty 50 couldn't cross...
