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Niftyanalysis

Nifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in nifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/ 01 /23. but due to some rules and regulation the post was been private. Ok leave it. Let's discuss moday's market Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday nifty may touch the demand zone which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management. Target will be the supply two zones which is marked in the chart. Mark the zones and trade in 5 min because i couldn't post it in 5 min timeframe. Alert for tomorrow's market: if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M) Remember if market doesn't follow this setup if continues to fall then do one thing when moday's low is breaked by a 5/15 MIN candle then only go for selling. you guys know where i can post more about this i will not tell, u guys guess what i mean to say. Be smart😎 Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTY
by pn202377
NIFTY Intraday Trade Setup For 30 Jan 2023NIFTY Intraday Trade Setup For 30 Jan 2023 Buy-Above 17635 Sl-17585 T- 17745 17850 Sell-Below 17490 Sl-17540 T- 17395 17295 17165 NIFTY has closed on a bearish sentiment last day and last week. Last week it closed with 2.35% cut. A parabolic down move was seen last week. Weekly range which was valid for last 1 month shifted last week. After a pullback below the recent swing low it is likely to continue its down move till projected target which was discussed on 13 Jan 2023. As of now its a complete parabolic move which can be seen across TF be it daily, hourly, 15 Min or even 5 Min. So we are likely to give pullback of the whole down move. Initial pullback can come till 17850 and this will be confirmed with bullish price action in 5/15 Min TF. Coming to Monday's trade setup if index opens flat and a 15 Min candle closes above 17635 then we will long for the target of 17745 and 17850. For selling we need a 15 Min candle close below 17490. T- 17395,17295 and extended target will be 17165. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty - Possible long from 17420 and short from 17730-17770NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600. It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what it might do. Scenario 1: - NIfty opens gap up then it can possibly take resistance from 17730-17770 zone and continue its downward movement back to 17500. Highly unlikely to open large gap up tomorrow even if global cues are positive. Scenario 2: - Highlighted circle is the breakout area for NIfty from which it embarked upon a massive rally. Nifty did not go till that particular level and hence there is a chance it might give a false break below the week's low and try to trap retail traders and then take support from 17420-17450 region and then give a huge move. This is possible in case of a gap down scenario and does not mean downside is over because it should fill the gap till 17320 but probably not tomorrow. So a short maybe not initiated below 17493 but if 17400 breaks then for sure it will take support at the gap area of 17310-17340 region. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
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NSE:NIFTY
by DashSam
16
Nifty spot chart analysis for 30.01.2023Nifty is standing just below a strong resistance zone of 17635 to 17684. if nifty moves above 17684 then it may also cross 17731 and may reach 17780. between 17780 to 17829 is an Extremely strong resistance. if nifty crosses over 17829 then it may also cross 17880 and may reach 17926. if nifty moves down below 17586 then it may also cross 17535 and may reach to the level of 17489. if nifty moves down below 17489 then it may take support on 17442. If nifty crosses down 17442. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 17880 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty weekly analysis for 30/01/23.The market after a consolidation zone has given a break down and has closed below 20 ema on the weekly time frame. The market consolidated for 4 weeks and has now shown some negativity. Nifty has taken support from 200 ema on the dialy time frame and closed near 17600 levels. Market can take a halt for 1-2 days and continue the fall possibly testing the 17k levels. On the hourly charts, there was a bearish moving averages cross over and market remained for selling. Market can retrace upto 17800 levels that coincide with 38.2% levels and start a new fall. Let the market give some retracement and avoid bullish trades. On 15 minute time frame, the market has closed near the 20 ema. Support :- 17500, 17425, 17330 Resistance :- 17660, 17800 The market can't give a "V" shape recovery as there are multiple resistances. It is the market for sell on rise and enter bearish trades if there is some negative candlestick formation near the trend line or fibonnaci levels. Wait for the price action near the levels before entering the trades.
NSE:NIFTY
by Mambotrade