We have observed an interesting pattern in Nifty, from Jan 1st week top Nifty gave a fall of 1500+ points in '23 and 2200+ points in 2022. However, 2021 was an exception where we saw a minor fall for approx. 700 points but it went up after forming the bottom.
In 2020 we all are aware what happened, we saw the Covid Crash in Nifty for approx. 5000 points from...
Nifty has formed a bearish candle yesterday i.e. 20th December and RSI also giving a bearish signal. Risk reward looks good in sell trade and Sell trade can be initiated around 21500 levels.
Positional Sell: 21500
SL: 22128 (628 Points)
Targets: 20535 (965 Points), 20212 (1288 Points), 19885 (1615 Points)
To motivate us, Please like the idea If you agree with...
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
