Nifty analysis for tomorrow 20th JuneMarket is in downtrend as we all know and quite volatile also from last couple of months. Reason we all know like, rising inflation, rate hikes, Russia Ukraine war etc.
In such a market one needs to be extra cautious while trading. Always trade at levels with proper SL. For nifty 15400 to 15500 is a resistance zone and 15200 is the support. Till the time market is in this range one can trade with the strategy of sell on rise and buy on dips.
Rest of the levels are marked on the chart.
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Niftyindia
NIFTY all set for a big move now.#NIFTY has been consolidating in 1 Hour time for a while now and it's time to make a big leap. Inv. Flag is a bearish pattern. If the Pattern activates, Break Down Target would be sub 14700 levels with minor support at 15200-15050 levels. However, if break down doesn't happen and pattern fails, above 15400 expect NIFTY to reach 15800 in quick time. In any cases, good time for Option Buyers if they catch this movement in time. My personal bias is bearish. Let's see!
NIFTY SCALPING LEVELS FOR 20/06/2022
Nifty can consolidate/sideways on Monday unless we see short time optimism in this bearish market. 30-50 points can be scalped within the trend channels. A short upmove can be seen above 15450 to 15650. Heavy selling may come below 15200 levels.
Time frame (mins): 1/2/5
Minimum TP: 10 Points
Once the profit is booked you can stop trading for the day. Remember WE ARE IN A BEAR MARKET and careless trade can wipe our capital. Trade with only 25% of your capital.
P.S: Kindly let me know if you guys want me to publish daily analysis like this one.
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NISM Certified Trader with market experience of 10+ years.
#NIFTY Intraday Support and Resistance Levels - 17/06/2022Today will be slightly gap up opening in nifty. Any upside rally only expected if nifty starts trading and sustain above 15450 level. Upside 15680 will act as a resistance for today's session. Major downside possible in case nifty starts trading below 15350 level. This downside can be possible upto 15060 level.
Nifty Daily Levels Update For Option Day TradingNifty Possible Trade for Next Trading Day
When to Buy Call Option in Nifty –
1. Trade Entry – If Nifty Sustain Above Support (15360 ) You Can Buy ATM call Option –
2 .Trade Target - For upside First Target for Nifty is 15450 and Second Target is 15530
3 . Trade Stoploss - If any 30 min candle Closes Below 15330 or max . 20 Points
When to Buy Put Option in Nifty –
1 .Trade Entry – If Nifty Sustain below 15330 or Closes any one Hour Candle below 15655 -
2. Trade Target - For Down side Tomorrow First Target for Nifty is 15200 and second target is 15000
3 .Trade Stoploss - If any 30 min candle Closes Below 15360 or max . 20 Points -
NiftyNifty in a downward slopping channel
Current bounce can be expected to reach 16500-16600 levels
And selling to commence after that taking market to at least 15500 level although further downside is expected.
Current market is positive as the oscillators are showing positive momentum and the daily candle is a bullish harami/hammer.
Market will rally to fill up the gap and then retreat from there.
#NIFTY Intraday Support and Resistance Levels - 15/06/2022Nifty will be flat opening expected in nifty. 15690 to 15820 will be ranging zone for nifty. After opening if it's starts trading below 15670 level then expected further downside upto 15580 level. Any strong upside rally only expected above 15820 level.
Nifty view for 13/06/22Nifty on weekly time frame has respected its 0.382 fib levels and retraced.
On daily time frame, it has closed below its moving averages and properly took resistance from its 200 ema.
There is a moving averages bearish crossover on hourly time frame and even the daily time frame evening star pattern shows some bearishness.
Support :- 16000, 15920
Resistance :- 16300, 16380-400, 16480
Markets look weak on multiple time frame and can even go down to test new lows.
Wait for the price action near the levels before entering the markets.
Nifty Analysis For TodayDaily:
Nifty rejected bullish momentum from 200 EMA and closed below 50 EMA.
The big candle is evidence of supply pressure.
16841 is the pivot point because it has worked as support and resistance eight times.
Rejection of 17841 is a clear signal of resumption of a downtrend. Bulls have to keep prices above this level to overcome supply pressure.
However, Bearish momentum is more favorable but may create Lower highs.
30 Min:
If nifty gives a pullback of 16722, traders can make a selling setup with targets: 17639 - 16535 - 17400.
17400 is the support level, and the breakdown of this level will make it nifty more bearish.
Gap down is possible as Dji and SGX nifty are bearish.
Breakdown of wave 4 is the confirmation of bearish momentum.
I will update more information soon.
#NIFTY Intraday Support and Resistance Levels - 10/06/2022Nifty will open gap down in today's session. After opening expected further downside upto 16380 level. In case nifty starts trading below 16340 level then possible more downside upto 16240 in today's session. Any reversal only expected in case nifty sustain above 16380 level
#NIFTY Intraday Support and Resistance Levels - 09/06/2022Today nifty will open gap down. Expected opening near 16220 level. After opening in case nifty starts trading below 16180 level then possible strong downside upto 16000 level. Any upside rally only expected if nifty sustain above 16220 level.
Simple Trade Setup | NIFTY | 09-06-2022 [INTRADAY]NSE:NIFTY
Observations:
1) On 1hr Time Frame, we can see that it is back to resistance range of previous days.
Please refer below chart : 1hr time frame.
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Trade Setup for 09-06-2022
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.
Nifty view for 07/05/22Nifty has clearly taken support from its 20 DMA and is trading between its moving averages.
On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session.
Support :- 16500, 16480, 16400
Resistance :- 16640, 16700
Market looks choppy and a clear trend is still not defined.
Wait for the price action near the levels before entering the markets.
#NIFTY Intraday Support and Resistance Levels - 06/06/2022Today will be gap down opening in nifty. After opening below 16550 level there will be further downside possible upto 16440 level and this can extend upto 16240 level in case gives breakdown of 16400 level. Any upside rally only expected above 16600 level.