Market opened with another shift in price, since all momentum indicators are oversold, this upside is not a strong upside and have high chances of failure, if you are holding a long position start trailing SL properly to protect your profits. Regards, Nrupen www.udemy.com
Honestly this upside was unexpected but it happened with shift in price volatility and upper resistance break. Keeping that in mind I think Nifty might hit minimum target of at least 8290-8300, but also keep in mind current upside is weak so make sure to maintain a good Trailing SL if you have already taken a buy position.
Greetings traders & investors, This analysis is a combination of various prospects & contains a clear description for each of that "we don't understand a movie by missing half of it".- the same is true with markets, Let's understand NIFTY in higher time frames & continue through the same tunnel in lower degrees There are 'n' number of...
At this point, the new upside is forming but with weakness in bullish MACD crossovers. There are very less chances that Nifty will breach the Resistance Line, even if it manages to breach it, it may fail to sustain new upside. New bullish entries are expected to be avoided. A sideways move or breach in Support can be expected.
NIFTY has strong short-term support at 8100 followed by 8020. Looks a good buy set-up at cmp targeting 8235! SL should be maintained below 8100
Nifty gap resistance at 8048-55 Low risk Short opportunity for the short term gains
A long term chart of Nifty with simple trendlines. A triangular consolidation in play while rest of the major indices are in fine bull run. Holding 7800 levels approx is crucial for siginificant upsides. Strategy : Buy all dips from CMP to 7800 with a stoploss of monthly close below 7700. Focus should be on large cap stocks in Nifty.
Last Price@8257 Nifty has been moving into corrective structure & within a channel. Yesterday-it was an excellent upside move for the Nifty as it sustained above 8200-8210 zone, which was resistance & suggested that this rally could extend to 8300-8350 zone. Since 8250 which was key resistance yesterday has been taken out so likely it has opened for upside &...
Cup formation on Nifty 1hr chart. Trade (on spot) Buy above - 8255 (spot) Target 1 - 8285 (spot) Target 2 - 8317 (spot) Target 3 - 8347 (spot) Stop Loss - 8210 (spot) Reward Points - 92 Risk Points - 45 Note: Price quoted here is spot not future so please trade accordingly..
Let Nifty do some Basing Work, before jumping to the BUY side. In any case that is highly unlikely to happen before Thursdays Options Expiry. So Have Patience.
Nifty as discussed in previous post here that Nifty if break the strong support @ 8290 can fall to 8100-8110 level and nifty fallen to that range and after breaking that support fallen to 8048 levels in the week. Now what is next?? Nifty is at support @8060 levels, if it is broken than we can see a fall towards US election day low @ 8002 . As...
A very simpler Nifty trade setup from this current channel, if we get break from channel & 8k's broken 7940's is our next level, OR Markets some bullish momentum 8380's. Either way we will be around 8300's around expiry ( Just My speculation, don't trade based on these ) Once we did 180 seconds flat, Now just 60 seconds for couple of trendline(channel) & Support...
Its not Me guys, Nifty is that and Nifty will do that, No, not Myself ! So yesterday when we completed the day we concluded with double bottom & Gap up which just happened now and as of now I can't assure whether that double bottom will fail & Nifty will move lower ( insync with breakout yesterday triangle) or turn up and make triangle break as false one. Anyway...
Well, I broke My vow bcos of the Nifty pattern formation. I wanted to share with you guys as it will help you whats in Nifty for today to get better understanding, so I broke My vow & posting back ! We have very simple descending triangle in Nifty and whichever side it breaks out is our entry direction. Usually this triangle breaks to downside but lets see what...
Nifty as discussed in previous post here that Nifty can take support at 8400-8410 and can bounce and that happened it bounced to 8550 level and on downside below our levels made low of 8002 in gap down opening on US election day. Now what is next?? As now Nifty is again at the big support @ 8290 and for this week this level can be the trigger from here...
Hey Guys, I'm not sure how to put this out to you without violating house rules of trading view. But the data discrepancy is so high that every timeframe showing different close values for Nifty. So I thought lets not post for Nifty, lets go n check stocks I went around SBI ,LT and other handful of scrips - same repeats everywhere, LT close was at 1410, come on...
Hope I have explained most of the scenario's within chart itself & the one I missed out is Nifty reaching 8480's n reversing. I tried Elliott's on hourly & its just as bad as it can get, so I simply skipped that, whichever you don;t feel comfortable with - Skip it. If there is any doubts in this chart or other, feel free to drop a comment to reach out. I'm not...