Nifty has continued forming the descending channel. Price has made three excess areas on the lower band. It means that bear traders are continuously trying to break down the descending channel. Price is following the control line with nine spot confirmation.
The trend will change after a breakout of the upper band, and it will drag the nifty price at my pivot...
Nifty opened with a minor Gap-up and made high around 17500 in the morning but couldn't sustain at the upper level and we saw selling towards 17200 zones.
Trades we took Today:
> Bought Nifty 17350 CE at 210 which we booked around the cost
> Bought Nifty 17400 PE at 150 which we booked with 15 points loss
Overall, not a Good day for Nifty Option Buyers.
If...
With Friday's correction, it seems a bit obvious that the markets are not going to get ultra bullish in the near term. Hence, I feel the markets are likely to become range bound.
Good opportunity to Buy with keeping in mind that it may give you upsides.
Here we have provided the trade setup based on support resistance on the Stock IEX.
The Stock is looking to hit the two resistance on the upside and even if there is a little bit of consolidation between the zone.
We have to play the stock in cash segment with proper risk management and...
NIFTY- Weekly Update
Nifty is still sell on rise till we get a closing above 17600, being a strong resistance.
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Trade all the breakdowns bear flag and support breakdowns.
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Nifty is short positionally again below 16800 for the target of 16075
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We have been shorting and...
NIFTY Intraday Trade Setup For 06 Dec 2021
Buy-Above 17250
Sl-17200
T-17350
Sell-Below 17180
Sl-17210
T-17130 17050
NIFTY has taken from the psychological level near 17500. This leg can continue till 17050 if we break Friday's low. But if low is not breached and if closes above 17250 then will long for the target of 17300 and 17350.
Selling would be much fast...
NIFTY will open flat or slightly gap up today. After opening if it starts trading above 17450 level then expected strong upside rally upto 17560+ level. Any downside only possible below 17420 level. For today's session 17330 will act as an immediate support. Any major downside only possible below this support level.
Nifty opened flat and we broke our Buying Level in the first 15 mins, where BN was sideways today we saw a trending day in Nifty and closed near day high 17400.
Trades we took Today:
> Bought Nifty 17350 PE at 160 which we booked with 15 points loss
> Bought Nifty 17400 PE at 130 which we booked with 5 points loss
> Bought Nifty 17200 PE 9th Dec at 135 which we...
As per present scenario, Corrective wave (WXY) is underway in the nifty . During corrective wave nifty has given move to the points, which are exact fibonacci retracement point. Like wave (b) of wave W has exactly retraced to 0.618 and the same is with wave X. with such precedent, it is most likely that nifty should touch 16605 which is 1.618 extension of wave w...
For trading intraday on 30 November, you can follow this simple trading plan. Long/short with 17k as a mean reversal level.
1. Long above 17k
2. Short below 17k
The global markets are positive today, hence I am more inclined towards the long side. If the price sustains above 17k, consider every pull to 17k as a buying opportunity.
Disclaimer: This is NOT...
Hi Trades,
This post tells the story of the breakdown in form of an outline posted yesterday on the community tab for view. Price has to behave like this that every day I mark in form of support and resistance. you can see the exact turning points of every move along with the idea to trade this index available on the community tab. The link for...
Three Scenarios of Opening for an intraday Trader
Opening Matters the Most : Take above analysis for 03-Dec-2021 as an example.
Flat opening : Opening matters the most, Your prediction should be logical with the previous day's price action. As you can see, today we had a breakout of level 17213 (acted as resistance for over 4 days...
No need to follow any Other's tips or calls
We will give you that, At what time nifty Bullish or Bearish ...
Everyday morning 4:30 AM or before one day we will give you advance Nifty Prediction Chart with reversal time and bounce back time...
NIFTY Intraday Trade Setup For 03 Dec 20212
Buy-Above 17420
Sl-17390
T-17500 17533 17600
Sell-Below 17270
Sl- 17300
T-17200 17160
As discussed yesterday above yesterday's high the rally will continue and that is what has happened today.
We will again buy above today's high for the target of 17550. 17600. is an important resistance which is likely to be tested...
