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Niftyindia

Nifty Struggle to fly HighNifty , You think East, Nifty goes West. In simple words, No one predicts, the highly unpredictable Nifty. May be you accurately predict it at some occasions but majority of time it goes its own way. Yesterday , 14th oct it just filled the gap down opening of 26th Sep. From 26th Sep till yesterday there are more red(7 candle) than green (5 Candle). My observation for this naughty boy for coming week is as follows;- 1. Till it is below 17500. No need to go long 2. There is dearth of trading consolidation between 17500-17150 after 19th Aug. So this zone is full of vacuum. So, One possibility is that consolidation in this zone for Nifty gives you fresh cushion to fly high. or if it fails to do so than it shoots directly in the sky of 17500-18000. 3. Even in sky , Nifty has hurdle at 17,750 so Life of Nifty is not bed of roses for now. 4. To Swim in ocean of 16000 it has to take permission of security guard sitting at 16750 to open the gate . What should one do than. Shall one go long or short. The problem of Nifty is that after opening in morning it does not provide any concrete picture for trader to trade So all volatility consumed in morning only. Better to do scalping on nifty chart with 5 min horizon. In Diagram Rectangle labelled 1, has 4 candle (3 green, 1red) and Triangle labelled 2, has total 7 candle (4 green 2 Red). It gives the impression of two tomb on Base trend line lying at 17750. These antenna is false signal capturing element so must beware of nifty if any days it goes above 18000.Just short it...
NSE:NIFTY
by navendu4
1
intraday analysisNSE:NIFTY NIFTY NOW BULLL NIFTY MONDAY TREND BULLESH OVEROL TREND BULLSH MY INDICTOR NOW BULLESH SINGENEL Sep 30 This script display five moving average channels, main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676) This channels can act as support/resistance , a trade can be setup when price enter and then leave the channel. There are also other moving averages base on Fibonacci numbers ( 34,55,144,233....), you can use it if you like. There are also other moving averages base on Heavy support/resistance ( 987,1100....), you can use it if you like. This channels is base on idea of trend strengths Strategy developed by Sai from India. Oct 1 Release Notes: This script display five moving average channels, main channel (EMA144, EMA169), second (EMA288, EMA338), third (EMA576, EMA676) This channels can act as support/resistance , a trade can be setup when price enter and then leave the channel. There are also other moving averages base on Fibonacci numbers ( 34,55,144,233....), you can use it if you like. There are also other moving averages base on Heavy support/resistance ( 987,1100....), you can use it if you like. deep entry stop loss zone moving averages base (1500,1700....), Intraday don't use dais lines, you can use it if you like. This channels is base on idea of trend strengths Strategy developed by Sai prasad from India.
NLong
by saiprasad6
Nifty may see correction below 17350entire day nifty was struggling to hold above 17350 but finally it closed below a crucial level of 13650 where we had seen multiple rejection earlier as well. level for Friday's session No trading Zone 17350 - 17470 Below 17350 nifty may see 17150 Above 17470 nifty may see 17720 #Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. we don't give any assurance of profit or loss.
NSE:NIFTYShort
by TheStocktrader_Skn
Nifty Trend - 16200 or 17890?Using Heikin Ashi Strategy - On a daily timeframe, Nifty was in a downtrend and formed a red Doji last week. On a weekly timeframe, Nifty formed the first two candles of Heikin Ashi downside. So, this week waiting to see if it continues the downtrend or reverses from this level. Major Support and Resistances are highlighted in the chart with blue bars. Though Nifty has shown enormous strength, FIIs selling and Global cues are weak indicating possible downside. Volume Profile from recent highs show that POC is at 17000 level and selling till 17200 gap and selling pressure at all the levels. Nifty has 50% retracement from its recent lows at 16640 level which is also a unfilled gap zone. Last Friday, it tested the 16747 level but shot up due to positive RBI Meeting Output. Overall, Nifty trend is bullish and it formed Flag and Pole Pattern, trading between 3000 points range of 15300 to 18000. As per current analysis, any fall towards 16200 can see major buying support and any upside towards 17900 might see major resistance. P.S. This is just my view per chart analysis and not any trading advice.
NSE:NIFTY
by DPElite
Nifty50On Friday a 50 bps increase in the repo rate this week, the fourth consecutive rise since May 2022. This takes the repo rate to 5.90 percent – the highest level since April 2019 – from 5.40 percent. Nifty moved upward and closed +270 points in positive near to its 17100 the resistance level of 17200 is the upcoming Target from Nifty. Although it tried to achieve that level on 30 September, Friday but closed 100 points below it. We can see some movement in the upward direction for 2-3 days. Later it can face Resistance at 17200 to 17400 where it can try to consolidate or try to hold that level as 17500 is a strong resistance level we can see a short position or reversal from that level. NOTE - As this week is only 4-day trading we have to trade with less as most markets try to hold their support and a slow steady move upward can be seen. Advice- Try to take trade-in ATM . _ We can see support at 17000 the point it breaks that we can look for 16800 to 16750. (This is when Nifty faces some resistance at 17200 or comes back from the 17400 level. As it will try to make the Double bottom from 16800 which shows bullish momentum and if it fails to make it the Short position will gonna start.) _ We can go Short once the Support 1 - 16750 breaks down we hold the option for another day that can give us a good move in a single day. Technical Indicator I used was the Moving average and on a 1Day time frame, Nifty took the support of 100DMA, and now 20DMA is trying to cross the 100DMA which is trying to indicate SELLING.
NSE:NIFTYShort
by SUTHARTRADE