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Nifty50pricetrendanalysis

Seems Bearish but....1. Nifty OHLC are below yesterday, after lots of consolidation - Bearish 2. The candle is green - Not Bearish, But with long upper wick, closing just below the yesterday's low - Bearish signs 3. MACD has crossed over Bearish. 4. With SL at 11770 and target 11305 - It seems like good Risk Reward Ratio 5. However, It clearly has taken support at 11618 level, which was the last resistance - May go down if it opens below this level and stays there or it may take support here and go up - Things can turn either way. And this is very important. So, despite 3 Bearish signs and a good Risk Reward Ratio, this point alone is enough to stop from going short. Conclusion - Do not go short till the support of 11618 is broken. Tomorrow things could be much clearer. It is best to either stay out or take hedged positions. When in doubt, stay out. Or In case trade setup may be for a short, with a stop loss of 11770, short it with a HEDGE... NSE:NIFTY
NSE:NIFTY
by chambalabs
NIFTY drops 100 points! Which levels to lookout for?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 side, Realty, Oil & Gas, Capital Goods and Industrials lost 2 percent. -Concerns over the rising pandemic across the globe continued to weigh down the Indian market -HCL Tech, TCS, Sun Pharma, Tech Mahindra, and Grasim were the top gainers on the Nifty50 index while Zee, GAIL, Bharti Infratel, Adani Ports and Maruti led the losses. -Nifty Bank and Nifty Metal also shed around 1 percent for the day. Meanwhile, Nifty Pharma rose over 1 percent and Nifty IT added 0.9 percent. Nifty - Outlook for Wednesday, 23th September: We feel the ongoing correction is an opportunity to accumulate strong companies with a medium-term view. If you have some longterm bets in a portfolio you can add more to them. While concerns of increasing coronavirus cases is coming back, a second wave information could be incorporated in the markets soon. We expect it to continue downtrend and see lower levels of 11000.
NSE:NIFTYShort
by Algokart
2
NIFTY falls 250 points! Is more fall coming?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 records the biggest single-day fall this month, following global cues. Nifty ended 254 points, or 2.21 percent, lower at 11,250.55. -47 Nifty stocks close in the red; IndusInd Bank, Tata Motors, Hindalco top losers. -All sectoral indices are in the red, Volatility Index surges 13% -Route Mobile makes a strong debut; closes at Rs 651 v/s issue price of Rs 350/share Nifty - Outlook for Tuesday, 22th September: With the increasing cases in Europe, the chances of a second wave of coronavirus is pushing investors to book profits. FTSE fell around 3% in the opening due to the fear of second wave. NIFTY has broke the support of 200SMA and fell more than 250 points. We can see some bounce from here and then the selling is expected to continue.
NSE:NIFTYShort
by Algokart
1
Nifty Elliott Wave Analysis Sep 13 2020Nifty 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 already been seen and any take off the 11493.50, will complete the wave ii and the said index is expected to scale towards 11850 levels in step by step manner. This view will need reassessment once the recent swing low around 11185 is broken; and early warning will be given by break of the golden channel support line around 11265. Bias remain for wave iii higher until proven otherwise.
NSE:NIFTYLong
by amitsamar
1
SHORTED NIFTY 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 trade at this time without any confirmation. Guys let me know you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio more than this . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio . Guys you can also follow me on twitter for any queries.
NSE:NIFTYShort
by thisiskanisk
nifty 50nifty 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 limit:10000 the middle lower limit: 9600 the lower limit : 9550 note down these levels for this week and if price cross this levels we will discuss the new levels
NSE:NIFTY
by bhanwarlalbhatichennai