Blasting analysis of nifty for 31/01/23😎Smart traders come fastIn this video i discussed about nifty trading levels for tomorrow 31-01-23
Please give me your view also in the comment section. I will be happy to discuss.
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
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NIFTY FERBUARY -MARCH VIEWthis is my nifty analysis, you can encourage me for more videos by posting comments in trading view section.
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Simple Trade Setup | NIFTY | 21-12-2022 [INTRADAY]NSE:NIFTY
Trade Setup for 21-12-2022
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 gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty Expiry Plan And Important LevelsNifty is expected to be sideways for tomorrows expiry after a decent bull run. Long term outlook still remains bullish with overhead resistance at 18,350-600 .
Strategy and important support and resistance areas for nifty is discussed in detail in the video.
Cheers!
Trend is your friend & the fallacy of catching reversalsHere in this video, I discuss with you a losing trade which I took today and what we can learn from it.
I also share with you important things regarding gaps , and how a beginner is always trapped in reversals and why it's profitable to stay on the current side of the trend.
Follow @piyushrawtani if you find this video helpful .
Nifty Trading Plan For The Week And Expected LevelsNifty witnessed a sharp fall today later today. Bulls tried hard to keep the market above the resistance/breakout zone but failing eventually. The next support level for nifty is around the lows of last week which might be tested once again this week.
Expected move and my thoughts for nifty for this week is explained in detail in this short video.
Cheers!
Nifty Trading Plan For The WeekNifty has been moving in volatile upswings and downswings for sometime now.
It broke above the psychological barrier of 17,200 last week , opened below that today but bulls eventually took control and closed it above the resistance of 17,200 which shows buying pressure. Also, last week's breakout was pretty strong so expect one more leg to the upside towards the highs created last week.
Cheers!
Nifty Daily analysis on 23 May 2022Nifty filled the Gap on last trading session and today it is likely to open flat. Buy above 16310 tgt 16400 and second tgt 16600(another gap likely to get filled).
On the down side , Sell only if it closes below 16180 for a tgt of previous day low ie 16020.
Happy trading
See you tomorrow
Nifty 50 Analysis Week 2 April 2022Market closed at 17894.
We can see 1 Gap is pending (17990) & another Gap is below at (17389).
In between that i have marked Important Support at (17754) & if this has taken out then market will try to fill the Gap which is 17389 slowly & gradually.
Conditions:
Market 1: If we see 17990 was taken out with huge gap-up opening then need to wait for at least 15 min, Watch out Price Action & take position accordingly.
Bullish candle then Buy & If Bearish & 17990 taken out then Put Buy Simple.
Market 2: If market remains flat then we have 2 options if it breaks 17990 then we can go for Buy only if OI & Volume supports Price else we can take Put entry if 17818 was taken out with small qty & if 17754 was taken out then we can do Pyramiding Simple.
Market 3: If we see Major Support was taken out & sustain at least for 15 min candle then market will head towards 17555 & so on.
NIFTY Trade Plan And Important Levels For TomorrowNIFTY has been moving as per expectation for this expiry .
Now the downmove also seems to be slowing down with a falling wedge formation underway.
Prices back to the breakout structure is where we will be planning our long entry with the confluence of a wedge breakout .
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Best!
NIFTY SPOT CHART ELLIOT WAVE COUNTSNIFTY spot chart is showing good impulsive moves, This week's price actions are adding good confidence to the view that a new upward trend has started now.
We should continue higher as long as support near 17003 holds it can head towards 18170 next, and break above 18170 can move towards more north direction like 18761 and more,
Wave counts are suggesting same and gaining confidence along with MACD supporting as same, also RK's Magic indicator is also suggesting to go long,
One more thing is markable that price is closed above 20Week average for the first time since January.
On the way down major support is pegged at 17003 which is recent weekly swing low. Overall looking bullish.
Overall wave structure on weekly chart
current scenario on daily chart
macd positive crossover in weekly chart
macd positive in daily chart
price is closed above 20Week average for the first time since January
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty Trading Plan & Levels For TomorrowNIFTY showing signs of bullish momentum after a good breakout on Friday's last hour , 15,500 remains a crucial SL level for the long trades in NIFTY.
Expected levels to be tested in NIFTY will be 17,800-850 range . So we can create a long position on pullbacks with the SL and Targets mentioned .
Follow @piyushrawtani for trading ideas daily
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