Nifty levels 08/08/2022Nifty has consolidated between 17238 - 17500 area. It has reversed from 17500 back to 17238 last week. Potential breakout can happen once nifty break these levels. NSE:NIFTY NSE:NIFTY1!
Niftyindia
#NIFTY Intraday Support and Resistance Levels - 08/08/2022Today's will be slightly gap down opening in Nifty . After opening if nifty sustain above 17400 level then possible upside rally 100-200 points. Any downside expected below 17350 level.
#NIFTY Intraday Support and Resistance Levels - 05/08/2022Today's will be gap up opening in Nifty . After opening if nifty sustain above 17450 level then possible upside rally 100-200 points. Any downside expected below 17400 level.
Nifty view for 05/08/22Nifty on the daily close has given a nice lower wick rejection and remained strong in the last trading hour.
It tested its hourly 20 ema and regained 100 points in the last hour candle.
On 15 minute chart analysis nifty formed a nice higher high formation in the second half of the session.
Support:- 17300, 17220
Resistance:- 17400-430, 17500, 17630
Market was volatile and Vix gained 5%. It seems that market can follow up the buying my trend and remain in the up move.
Wait for the price action near the levels before trading the markets.
#NIFTY Intraday Support and Resistance Levels - 04/08/2022Today's will be gap up opening in Nifty. After opening if it's sustain above 17400 level then expected strong upside rally upto 17570+ level. Any downside only expected below 17370+ level.
#NIFTY Intraday Support and Resistance Levels - 03/08/2022Nifty will open gap up in today's session. After opening if it's sustain above 17350 level then expected strong upside rally upto 174700+ level. Any downside only expected below 17300+ level.
#Nifty 3rd August 2022 || Falcon Trader Analysis for #Nifty50 Nothing new, count remains same.
The art of intraday - is a valuable lesson for options buyers, we are in reversal zone, however no confirmation yet.
Waiting for Falcon CCI indicator on Trading View (free for public) - to give some signal.
Nifty 50 has moved up and not it is time for some pull back.
#NIFTY Intraday Support and Resistance Levels - 02/08/2022Today's will be gap down opening in Nifty . After opening if nifty sustain above 17300 level then possible upside rally 100-200 points. Any downside expected below 17260 level.
Nifty Trend Analysis for 01-08-2022 Nifty Analysis for 01-08-2022 (Pre-Open) NSE:NIFTY
Broader Outlook :
As everyone is aware that market is going on pushing upwards without any meaningful correction since 15900 levels , now with rise of close to 1500 odd points its high time to be cautious as the markets may retrace downwards to fill many opening gaps in 16000-17000 range . On the Upside i personally don't think Nifty will cross 17500 without surprise correction (i may be wrong with my view here)
Now coming back to setup for the day i,e for - 01-08-2022 Monday
Trade Setup Scenarios :
Scenario 1 :
If Market Opens above 17250 levels (as being indicated by SGX NIFTY late night close of 29-07-2022 ) then wait for markets to test Resistance Zone if it sustains without breaking higher up to 10:30 AM then one can plan to Short Sell markets around here with strict Stop Loss of 17275 .. the Initial Targets for this will be around 17150 levels (near around Support Line). One can Plan to trail Stop Loss and continue to hold Shorts below 17150 for entire day.
Scenario 2 :
If Market Opens below 17200 then wait for Markets to test Buyers Zone , Interested friends can go long here with Strict Stop loss of 17070 for all long trades . Below 17070 i expect markets to start correcting heavily but we shall wait for the trend to set before planning any shorts here.
If Interested Plan your day trade accordingly :)
Do Comment , share and "LIKE" if you find this info valuable to use .
Happy Hunting ,
Chintamani
Disclaimer.
I am not SEBI registered analyst.
My studies are for educational & General purpose only.
Please Consult your financial advisor if you have plans of trading or investing.
You yourself hold sole responsibility of profits and your losses arising of above shared info
Short-term pullback possible in NIFTY, Long-term target is 11000Dear friends, Good day to everyone!
Welcome to my NIFTY analysis where we will take a look at the daily chart of NIFTY.
As you can see, price is in a clear downtrend since October'2021. However, the downtrend is
occurring in a Descending channel defined by Upper Trend Lines and Lower Trend Lines
We have multiple touch-points in the UTLs and LTLs which I have highlighted with small arrows in
the chart. Currently, price is touching the Lower trend line and we have witnessed some subtle
signs of a pullback as a doji candlestick has formed.
So, if this lower trend lines hold, we can see a pullback to 15800, 16200 and even 1700 in the
next few weeks.
Please note that my long-term projection for NIFTY is bearish and I expected NIFTY at 11000
by the next year.
#NIFTY Intraday Support and Resistance Levels - 01/08/2022Nifty will open gap up in today's session. After opening if it's sustain above 17140 level then expected strong upside rally upto 17350+ level. Any downside only expected below 17060+ level.
Nifty 4 hr Tf Nifty 4hr has formed channel kind of pattern and has given up side break and it’s more possible to move higher but the only problem is it has left lot of gaps.
#NIFTY Intraday Support and Resistance Levels - 29/07/2022Today's will be gap up opening in Nifty . After opening if nifty sustain above 17100 level then possible upside rally 100-200 points. Any downside expected below 17000 level.
Nifty Levels for 29July2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty is looking quite strong on chart. OI data for next week expiry is also quite positive. I will look for buying on dips opportunity. Right now, Risk:Reward ratio is not in favour of Bulls. Today, Bull have completely dominated the expirty trade. Good traders for tomorrow's trade.
#NIFTY Intraday Support and Resistance Levels - 28/07/2022Today's will be gap up opening in Nifty . After opening if nifty sustain above 16700 level then possible upside rally 100-200 points. Any downside expected below 16620 level.
Nifty Levels for 28July2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty MAX OI :
CALL side highest OI at 17000 (1.13 Crore), 2nd highest OI at 16900 (69 Lakhs) then at 16800 (60.92 Lakhs). Call writing happened at 16900 level. In case of Gap up, traders may unwind 16900 Call which may further trigger rally upto 16900. Tomorrow's opening & trend will be set based on outcome of US FED meeting tonight. I wish a profitable day to all traders and investors.
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionTomorrow levels:
================
Bullish Engulfing pattern on the daily candle.
High:16654
Low:16439
R5:16886
R4:16826
R3:16793
R2:16748
R1:16706
S1:16567
S2:16501
S3:16438
S4:16350
#NIFTY Intraday Support and Resistance Levels - 27/07/2022Today's will be slightly gap down opening in Nifty. if it goes to lower side after opening then it can go down to 16350 level in case nifty if it trades above 16560 then upside rally is up to 16700 level.
NIFTY 50 " Head & Shoulder".As we noticed a bearish divergence on my previous publication, Price broke 16500 and a daily candle closed below this level. A Head & Shoulder pattern has formed, we can expect a good direction towards downward.
Probabilities:-
If gap up happens (above 16500) probability of this pattern will less effective but can not be ignored.
If opens flat market will respect this pattern and continue dipping till 16360-16250.
If gap down happens (at 16360) market will recover for a while and continue dipping.
( This analysis is not for long-term)
Nifty Levels for 27 Jul 2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose.
Today, Nifty has respected the major resistance levels . Head & shoulder pattern on 15 minutes timeframe worked well.
Nifty is likely to consolidate after flat to negative opening before US Fed Event based on Nifty option-chain open interest data and global cues
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty Looks Weak on ChartsRe-Entering Nifty Future on the Short Side, As Trendline Resistance is seen and also Candle formation in bearish. So I am Going Short on Nifty Future Around 16620 With Stoploss of 16750 And Expecting Targets of 16300- 16000 in Next 2-3 Trading sessions
#NIFTY Intraday Support and Resistance Levels - 26/07/2022Today's will be flat opening in Nifty . After opening if nifty sustain above 16580 level then possible upside rally 100-200 points. Any downside expected below 16500 level.
Nifty levels for 26/07/2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose.
Nifty has also respected the major resistance level. It has formed head & shoulder pattern on 15 minutes timeframe. It is likely to remain side ways till US Fed event after decent rally.
Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
