#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on...
Nifty will be gap up opening in today's session. After opening nifty sustain above 24540 level and then possible upside rally up to 24660 level in today's session. in case nifty trades below 24490 level then the downside target can go up to the 24370 level.
There is no doubt that the Nifty Index has been bullish in the long term, but there are times the index takes a dip and thus we can take this opportunity to short it till the levels. The levels which I expect Nifty to drop are till 21900 in short term, the second target can be 21400, and if this level breaks in long term we can expect a further drop to 20650....
#NIFTYINDEX, #NIFTY50
* NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000.
> After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600.
> Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2...
Flag Pattern in Nifty 15 Mins Chart, seems a good movement towards target of 17600 in the coming week.
I may be wrong, consult your finance advisor before any investing or trading.
NSE:NIFTY
Trade Setup for 07-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or...
Hi
i am just updating the status for previous forecast. In yesterday forecast i said that the formation of ABC will form.
So we are in last stage of finalizing the A degree.
after that there will be B degree start.
how you trade is upto you
thank you
nifty 50 falls today about 188 points
the main pressure is from metal index which is fall today 374.85 points (6.6%)
Support level 17350 and after that strong support is 17250
Some conflicting signals:
India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session.
Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while?
The RSI divergence can be easily noticed on...
As we discussed it Broke the trendline in the very first half and gave good 120++ points in one go
Currently forming FLAG- POLE pattern which is also a bullish continuation pattern!!
We should not go LONG aggressively unless our levels breaches
And let the chart speak the next ✅
Nifty played very well as predicted.
Next move:- If it gives one more push up to 14,545.50, take a swing short till 13,787.60. Then from 13,787.60, take a swing long till 15,446. Trail your stop loss during the drop and rally.
Nifty has definitely respected this level. There has been no decisive breakdown here. Let's see where it holds onto ultimately. Please remember, this is a correction and not a crash! The lines drawn are my levels, Bull Markets generally respect support levels (one level here or there is normal) while Bear Markets make you respect the resistance levels.
![NIFTY: Simple Trade Setup | NIFTY | 07-02-2022 [INTRADAY]](https://s3.tradingview.com/i/IiEhvhsT_mid.png "Simple Trade Setup | NIFTY | 07-02-2022 [INTRADAY]")
