Nifty on Radar - 14 MayThe follow up candle of the Hammer candle indicates the start of an up trend.
The resistance level of 22300 is very important in tomorrow's trading range.
For a good swing trade setup we need to wait for a clear and confirmed trend.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Niftyfortomorrw
Nifty Intraday Prediction Levels for 8 Nov 2023Nifty Intraday Prediction Levels for 8 Nov 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 19460,19490,19520,19540,19555,19585,19605,19625,19650,…
Major Supports-19360,19330,19295,19280,19240,19190,19145,….
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
NIFTY 50 crucial levels for Monday!
-Currently NIFTY is trading above 21Day ,50 Day, 100 Day moving averages
- - WEEKLY pivot point is at 18180
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18300-18350 (18200 level will be very crucial for up move here we can see ( option chain) fresh short positions were added in 18200 CE)
-with SL of 18270
- 18450 we can see as the target after breakout
- support level is at 18100 - 18050
-with the SL of 18120
- 17950 we can see as target after breakdown
NIFTY | SCENARIO 1 | 22-07-2021NSE:NIFTY
This is Scenario-1 for NIFTY for minor gap up and turnaround in the global sentiment which is bullish at this moment.
In this I have mentioned 2 trade setup on the bullish side with entry, target and SL for each.
Also if Bullish sentiment remains strong on the expiry day, then there can be an bonus trade of 50 points if we see quick short covering.
Do comments if you want such scenario for BANKNIFTY as well.
Hope this idea is helping you to understand price action of the market.
Comment, if you have any doubt/suggestion.