Niftyfutures
NIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [17-05-2022]NSE:NIFTY1!
Nifty consolidated in today's session and formed a symmetrical triangle, breakout is expected in tomorrow's session.
Nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
NIFTY: ANALYSISWe can observe on the monthly chart that market is moving up in waves.
There are up waves and there are down waves. Up waves are larger than down waves, so it is an uptrend.
It can also be seen that after every up wave there is a correction of the order of 40% to 50%
Based upon this historical data, we can expect a correction of this magnitude in the current down wave which started Oct 2021
Potential Targets could be
40% correction - 14167
50% correction - 13060
On the lower chart you can observe that RSI went near 30 during major corrections and near 40 during minor corrections. Assuming that the current correction is just a minor correction, I would expect RSI near 40 when the market hits 13000-14000 targets. That could be good level and time to start investing in the market.
The RSI scenario on the weekly chart would be 30 during minor corrections and 20 during major corrections.
Above targets are based upon the historical data. There is no perfect way to predict market tops and bottoms but buying low has always been a good strategy for quick returns through investment.
Do like, share and comment for more such ideas in the coming days
Regards
#Nifty-11/05/2022-LevelsHello Traders,
+++++++++++
#Nifty-11/05/2022-Levels
---------------------------------
If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NIFTY-Direction below 16140 and above 16400 Closing basisNifty will play sideways between 16300-16400 range - BO on either side will be direction of the market
below 16140 NIFTY fall will accelerate and above 16400 nifty rise can see momentum till 16680 and 16820
NOTE - consult your financial advisor before any trade/investment on this study
#Nifty-09/05/2022-LevelsHello Traders,
+++++++++++
#Nifty-09/05/2022-Levels
---------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
#Nifty's scene on Big screenPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Both Patterns are on Possibility based, can be Invalid. So suggest to focus on the Symmetrical Triangle Pattern and Support & Resistance .
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
#Nifty-06/05/2022-LevelsHello Traders,
+++++++++++
#Nifty-06/05/2022-Levels
--------------------------------
If Market Opens as a-
GAP-UP: Support of R@1 (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of S@1 (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty-01/05/2022-LevelsHello Traders,
+++++++++++
#Nifty-01/05/2022-Levels
--------------------------------
If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of S@1 (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
#Nifty's scene on Big screenPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
# will upload the Chart for Monday trading session soon...
#Nifty-29/04/2022-#ReportHello Traders,
+++++++++++
#Nifty-29/04/2022-#Report
------------------------------------
Opened as a Gap-Up, above PDH. Market took the support at R@1-Zone and reversed.
It went near to R@3-Zone and reversed. Finally closed above PDL.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
Nifty-26/04/2022-LevelsHello Traders,
+++++++++++
Nifty-26/04/2022-Levels
----------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of R@1 (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty-25/04/2022-LevelsHello Traders,
+++++++++++
Nifty-25/04/2022-Levels
--------------------------------
If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of S@1 (SELL)
GAP-DOWN: Support of S@2 (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
#Nifty route=map for 25th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT only, when a fresh candle starts forming above or below the level respectively.
If there will be gap-up or gap-down, Then simply drawn levels will be followed as support & resistance for trading.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#Nifty-22/04/2022-#ReportHello Traders,
+++++++++++
#Nifty-22/04/2022-#Report
---------------------------------------
Opened as a Gap-Down, at our S@2-Zone. Market went to S@1-Zone and reversed. It broken S@2, PDL, S@3-Zones.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
#Nifty route=map for 22nd AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Any of the mentioned levels will be considered for LONG or SHORT only, when a fresh candle starts forming above or below the level respectively.
If agree with the Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis.
HAVE A GOOD GREEN TRADE
#Nifty's route=map for 18th AprilPlease have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis is Based on Harmonic Pattern, Fibo & Price action.
If agree with this Analysis, Then Please LIKE....As well as can Follow me to getting my future analysis & Live market ideas.
will upload a fresh Chart of BankNifty for Intraday soon.
HAVE A GOOD GREEN TRADE
#Nifty-13/04/2022-#ReportHello Traders,
#Nifty-13/04/2022-#Report
---------------------------------------
Opened as a Gap-Up, above our PDH. Market broken PWL, PDH, IMP and S@1-Zones. Finally closed in between S@1-Zone and PDL.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE, and do SHARE with your trading friends.