Nifty View: An “Inside Bar” for the benchmark Nifty index in today’s session. This is a consolidation post the sharp sell-off which we noticed on Friday. Today’s gain is promising with participation coming in from mid and small caps, but its the sustenance of this bounce back which is now more important. A move above today’s high will definitely see some more...
On 1D timeframe we can see that there is support trendline from sep'20 and tomorrow it is going to touch that trend line you can wait till it hit the trend line it is a good Buy for tomorrow.
On the other hand if the Candle breaks the trend line and closes below the trendline then it's time to short the market it will be good swing trade for this week
key levels are mentioned on chart
nifty having bearish sentiments
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My studies are for educational purpose only
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This is the screenshot of my weekly analysis where I marked all levels of trading next week. Hope in last one year I made your trading easy same will be felt by next week. If you want to get every detail of this marking then see the video, the link is given below box.
In this screenshot, You can see how to see the change in trend in an easy and simple way along with next week's plan for trading in nifty. For detail see the complete explanation in the video link given in the below box.
1 - Divergence spotted in 15 min time frame
2 - 200 EMA cross in 5 min time frame
3 - Range break
4 - Bullish engulf in an hour time frame
Buy Nifty 18th Feb 15200 CE (Order NRML)
buy price around 150
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At one hour time frame, trend line has already broke the level below the line, as there is double bottom created, for PUT you will have to wait for big breakdown in market opening. Or else if it gets break up, go for CALL. 70-100 points can be covered easily
The most solid support is at 14630 levels and I am almost sure that we won't be seeing that range anytime soon.
14824 levels are the buying range and I wouldn't advise on any stop loss above 14600. Go long and go for long would be my strategy.
This dip is a buying opportunity so the strategy would be buy on dips.
Nifty View: A volatile trading session for the benchmark Nifty in today’s trade. The index did face some stiff resistance as it tried to hold above 15,150. A look at the 15min chart of the index and you will notice a clear band of supply at around (15,150-15,200). The index needs to take this zone out for confirmation of the fresh UP trend. On the downside, of...
Four days ago Nifty index was its all-time high at 15431.75 now it became sideway but it does not mean that nifty has changed its track.
I can see 14750 to 14700 a 14750 a big support zone( S1) for nifty. Whereas the high will remain the resistance (R1) as of now but if it breaks the R1 then the diagonal continuous resistance will be the parallel channel.
Nifty spot on a 4hr rising wedge pattern and also in a channel trend
lower low formation can watch for tp of 14100-14000
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Disclaimer: Only for educational and learning purpose
Nifty View: Benchmark Nifty sells off one way without any sign of intra-day bounce back in today’s session. At a close of 14,640 it was a weak end to the index at the lowest point of the day’s trade. This reverses the short-term trend down and that too with high momentum and across-the-board selling. Break below the psychological level of 15,000 induces fresh...
NIFTY showing correction move in Downtrend parallel channel. This bearish correction will complete only after the breakout of this parallel channel. After the breakout of this channel expected a strong move in nifty.