Nifty seems to be bullish yet following are the zones and levels to trade with good R:R
Zones Above - 18387-389, 18473-457, 18520-529, 18612, 18669-692
Zones Below - 18180-195, 18104-124, 18042-071, 17957, 17836-851
Nifty Option Trading Strategy for Tuesday
One Hour Nifty50 Chart Analysis For Nifty Monday Prediction with key Support & Resistance
Buy Nifty If Closes One Hour Candle Above 17270
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Trade with Conviction.
NIfty is weak compared to Bn,, initiate trades on strong candle closing basis.
Look for Price action at important support and resistances.
As per my calculation and research nifty will stuck once It reach this level 20249 and I expect 14125 . Will wait and watch what is going to happen. This is just for educational purpose do analyze on your own before investing
Hi everyone, Nifty50 index analysis on 1D chart rececntly we`ve seen fall in nifty50 index after it breaks daily support 17,600 & bounced from 16,760 (level identified from harmonic xabcd pattern level 1.618) now nifty50 index can test it`s support 16,760 and if breaks can go between (16,300-16,150) level indentified from harmonic abcd pattern level 1.618 price...
Trade based:
in day tf it was still in up trend. just it follows the pattern. more than a month.
just now, it broken and also retested.
it indicates upcoming days, it will move up to 300
Hi everyone, Nifty50 index crashed this week we`ve seen fall & 17,600 was important support on 1D chart after support breaks next was 17,250 index bounce from support again breaks 17,250. Now 16,700 is important support identified from harmonic half bat pattern level 0.618 & index can take bounce from 16,700 but if breaks then next important support 16,000 level...
This chart shows the NIFTY in weekly time frame. As you can see whenever the price comes so this trendline demand comes and the price followed its uptrend. So the million dollar question is whether this time it respects the trendline or not! if this trendline breaks in weekly time frame then we might see a price correction of 10%
Pls read the above chart and try to understand each scenario and then correlate it with current scenario 👆 Cannot be explained into words so I took out time to allocate everything on the chart.
I welcome your views.
looks like nifty is ready to top out expecting a final push up towards my marked prices somewhere around october to complete wave 5 from covid lows which is wave 5 of higher degree from 2008 lows and cycle wave 3 . After that expecting a bottom in my white box around Q3 2022.
#NFA
