Niftyfutures
Nifty Futures Key levels and Targets 9th Nov 2021Nifty Futures Key levels and Targets 9th Nov 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Intraday SetupsA. Opening expected around 18000.
B.
Expected path after open - Down move.
TRADE -1 - SHORT if opens above 18000 and breaks it straightaway.
TRADE 2 - SHORT on weak pull back to 18000 after down move.
TRADE 3 - Double Top between 18000 - 18050.
C.
TRADE 4 - If sustains above 18050.
BUY after a weak pull back above 18050.
But keep targets short as selling is expected
from higher levels.
Nifty Future monthly Analysis.As long as Nifty future is holding above 17863 on daily closing/settlement basis. One can hold long positions in far month call options/futures(Jan 2022 expiry). Heavy long winding expected on closing below 17863(DCB).
Note. This is just my personal view and not to be considered as a trade recommendation. Kindly do your own analysis before entering any trade.
[INTRADAY] #NIFTY Intraday Levels(14/09/2021)Today will be gap up opening in NIFTY. Strong upside rally possible in nifty if it is sustain above 17380 level. Upside 17425 will act as an immediate resistance after breakout of this resistance gives 17480+ new high in NIFTY. Strong downside possible once nifty started trading below 17335 level. Downside 17250 is a strong support in NIFTY.
Going to Double this price.A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
Power Of Breakaway Gap !A breakaway gap occurs when the price gaps above resistance or gaps below support. Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns. Breakaway gaps often occur early in a trend and show conviction in the new trend direction.
How To Trade A Breakaway Gap?
The market moved sideways, forming a consolidation pattern.
Enter a long position at the breakaway gap day close.
These are possible initial stop-loss levels for this breakaway gap setup.
You can then use this subsequent swing low to tighten your stop-loss.