Niftyfutures
Nifty Future Levels for 31 May 2022Nifty & Bank Nifty have crossed Descending channel and are in the upward channel as of now. If there is any strong breakout of the channel, kindly long with a confirmation candle & if you see reversal candles from the edge of the channel kindly short with a small stop loss above the channel.
#Nifty-26/05/2022-#ReportHello Traders,
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#Nifty-26/05/2022-#Report
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Opened as a Gap-Up, below IMP-Zone. Market took the support at S@1-Zone and reversed.
Market broken PDL and IMP-Zone then went near to PDH.
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#Nifty-25/05/2022-#ReportHello Traders,
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#Nifty-25/05/2022-#Report
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Opened as a Gap-Up, above IMP-Zone. Market broken PDL then went
near to S@1-Zone and closed.
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#Nifty-24/05/2022-#ReportHello Traders,
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#Nifty-24/05/2022-#Report
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Opened as a Gap-Down, at PDL. Market went to PWC and reversed. Finally closed in between PDL and S@1-Zone.
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#Nifty-23/05/2022-#ReportHello Traders,
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#Nifty-23/05/2022-#Report
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Opened as a Gap-Up, above PDH. Market broken R@1-Zone then went to PWH and reversed. Finally closed near to IMP-Zone.
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#Nifty-23/05/2022-LevelsHello Traders,
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#Nifty-23/05/2022-Levels
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If Market Opens as a-
GAP-UP: Support of PWH (BUY) – Rejection of PWH (SELL)
FLAT: Support of R@1 (BUY) – Rejection of PDH (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
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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.
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SHORT FORM &FULL FORM
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PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
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's route=map for 23rd May# Pattern is all about my view, it won't be confirmed until the C point get created. So just consider the Support & Resistance Levels primarily.
Please 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, 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-20/05/2022-#ReportHello Traders,
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#Nifty-20/05/2022-#Report
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Opened as a Big Gap-Up, above PDH then market broken R@2, R@3 and PWO. Finally closed above PWO-Level.
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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