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Niftyindia

IS NIFTY PREPARING FOR 14800?Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 . Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding supply pressure and upper band. As bulls give up, bears enter and drive prices to lower levels. 16200 is strong resistance for bulls and the supply zone of the parallel channel. If the price sustains below 16200 , traders can expect the following targets: 15740 – 15326 – 14870 . We can expect a fake-out of the parallel channel.
NSE:NIFTY
by forextidings
15
[Short Term]Falling Wedge Pattern In NIFTYIn this chart showing different possibilities of long side and short side trade positions in NIFTY. Currently it is trading in Falling wedge pattern on daily time frame. Current trend of nifty will change only if it gives breakout of resistance of inside falling wedge on daily time frame. Once breakout of this pattern possible strong upside rally in nifty upto larger falling wedge pattern resistance. Any major downside now only possible if nifty starts trading below support level.
NSE:NIFTY
by TradZoo
2
Nifty Extended But In A Limited Price RangeNifty has made a wammie bottom on the 4-hour timeframe chart. It is forming on the descending channel. Currently, Nifty is facing resistance on the upper band of the descending channel. There is a strong resistance as well as a confluence zone of 16400 . If nifty breaks the resistance level of 16400, it will be confirmation of an upward march for 16518 – 16708 – 16820 . The upper band reacts as a supply zone to the price. Also, highs price attracts sellers more. If nifty sustains below 16400 , traders can expect the following swing targets: 16161 – 16088 – 16014 .
NSE:NIFTY
by forextidings
2
Intraday Trade Setup | NIFTY | 27-06-2022 | DIFFERENT SCENARIOS NSE:NIFTY Observations: 1) On weekly time frame, we can see that Nifty has bounced from 100EMA. Please refer below chart : 1 week time frame. Trade Setup for 24-06-2022 Since, as of now SGX Nifty is showing Gap up then we can plan below scenarios. Scenario -1: Nifty open above 15850 and goes down and takes support from 15775 range and bounce from there, at that time one can take quick buy trade from 15775 aiming for max target at 15850 and then once it gives sustainable breakout of 15850 then take another buy trade and aim for 15960 , 16010 , 16084 and bonus level 16150-166 range. Please refer below chart : 15min time frame. Scenario -2: Nifty open above 15850 and goes down and faces resistance from 15815 range and/or 15775 then at that time one can take quick sell trade aiming for max target at 15680 range. And once it makes price action above this 15680 zone and bounce then enter in to buy trade with targets of 15775. 15815 , 15850 , 15920 and above all bonus levels. Please refer below chart : 15min time frame. Scenario -3: This is with bearish sentiment. Nifty open above 15850 and goes down and faces resistance from 15815 range and/or 15775 then at that time one can take quick sell trade aiming for max target at 15680 range. And even after that it make price action but below this 15680 zone and face resistance to go up then enter in to sell trade again with strict SL and targets of 15620-25 range, 15858 , 15540 and 15500 Please refer below chart : 15min time frame. Scenario -4: This will be a bit considering both bullish and bearish sentiment. Nifty open above 15850 and goes down and takes support from 15775 range and bounce from there, at that time one can take quick buy trade from 15775 aiming for max target at 15850 and then once it gives sustainable breakout of 15850 then take another buy trade and aim for 15960 , 16010 , 16084 and bonus level 16150-166 range. And now if it face resistance from 16010 or 15960 any of above level then take counter sell trade with strict SL and aim for all below levels. You can refer all the levels now on below chart for your easy reference and as an intraday trader you can just play between these levels with the help of price action to take trades on both the sides. Please refer below chart : 15min time frame. ------------------------------------- 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.
NSE:NIFTY
by Trading_hawk
Simple Trade Setup | NIFTY | 24-06-2022 [INTRADAY]NSE:NIFTY Trade Setup for 24-06-2022 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.
NSE:NIFTY
by Trading_hawk
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionAfter roller coaster ride what next ? We can see symmetric triangle in 15 min time frame. Friday I will say wait for either side breakout then only take any trade or take rest. Below important Support : 15450 Above Resistance : 15672. Note: We are still in bearish territory so avoid big qnty until u dnt know how to manage risk on above side. Any support resistance breakout (15 min) should first hold & sustain to take any fresh position always remember.
NSE:NIFTY
by Option_Kontrol
Nifty Analysis ! Nifty Levels ! Nifty Outlook ! Nifty PredictionGaps pending Upside: 15624.7 Downside: 15371.45 Supports: 15310 / 15256.7 & 15192.9 Resistances: 15450 / 15514 &15579 Note: OI & Volume to be considered in all the trades. Conditions applied: Con 1: If we witnessed Gap up in range between 15514 - 15450, Wait for breakout & then take long position accordingly with the given levels. (Small qnty) Con 2: If we see sideways opening, then need to watch Volume & OI & then take position. Market will be in favor of bear. Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
NSE:NIFTY
by Option_Kontrol
1