NIfty Outlook : Crash or A Powertfull Bull RunNifty has taken support at 17968, and It has made a triangle pattern on the support zone.
If it gives break out above and enters in the channel, we can expect a recovery.
Otherwise, nifty will break the support level and make a new low.
Also, check my old idea if it enters the channel:
Targets are valid.
Niftyindia
**NIFTY's Elliott Wave Perspective for Today**Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again.
According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend.
Buyers must note that the price has broken 200 EMA.
Don't buy without any confirmation.
#NIFTY Intraday Support and Resistance Levels - 08/12/2021NIFTY will open gap up today. After opening if nifty starts trading above 17250 and sustain above this level then expected upside rally upto 17360+ level. Below 17250 downside possible upto 17140 level. For today session this will act as a immediate support for NIFTY.
NIFTY ANALYSIS FOR 08-12-2021We have See Good Move in BankNifty but Nifty was slow today as compare to BankNifty. Now Important Level to Watch is 17200 above this we can good move as CALL writer have Less conviction on 17200 and 17300 level So We keep our view from neutral to upside. On the Downside17000 is strong support :)
#NIFTY Intraday Support and Resistance Levels - 07/12/2021NIFTY will open gap in today's session. Expected opening near 17050 level. After opening strong upside rally possible only if nifty starts trading above 17090 level. Chances of reversal from opening level towards the 16930 level. In case nifty not sustain above 16930 and starts trading below 16900 level then there will be further downside fall upto 16780 level.
Don't get Trapped . SELL and Run AWAY . Validity 15 NovemberCan't say much , but market works in cycles and according to my 12 years of trading with Data science as an edge in the financial markets .
I am saying " SELL AND RUN AWAY " .
It always happens with new batch of people they buy equities and nifty at any level in the market and they get trapped . These people block their capital for atleast 2 to 3 yrs . (LOSS BOOK KAR NHI SAKTE KYU KI LOSS BADH CHUKA HAI & AUR KUCH KHAREED NAHI SAKTE KYUNKI SARI CAPITAL LAGA DI)
God Bless You all.
ENTRY 16054
SL 16555
TARGET 15954
#NIFTY Intraday Support and Resistance Levels - 06/12/2021Nifty will open slightly gap up in today session. Expected opening above 17200 level. After opening if nifty starts trading above 17250 level then possible upside movement upto 17360+ level. Strong downside fall possible if nifty slide down below 17180 level. Downside 17060 will act as an important support for today's session.
Dec21-W2: Nifty to play see-saw this week? (Dec6 to Dec10)What I said last week was ‘The momentum is so strong that I anticipate Nifty to drop somewhere till mid line of purple or halt somewhere in between. Subsequently, the market should reverse and fly till somewhere between 5 EMA and 21 EMA.’ I couldn’t be more right, can I?
Nifty as of now is playing with every trader’s mind. It is in a difficult spot where making predictions is very tough. There needs to be some more price action for making more concrete recommendations. The downtrend should continue as long as price is below the green support line (the line’s previous touch-points were 28Jul21 and 22Apr21). Knowing the target is anyone’ guess for the time being, since Nifty may make a double bottom near 16800ish and strive for a reversal.
Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)…
Consolidation - Between 17550 and 16850
Downtrend - If breach below 16850; to drop somewhere till 16150
Uptrend - If breach above 17550; to rise somewhere till 18200
RBI is expected to announce rates, guidance and all on Wednesday. The fall of interest rates may end now. I guess I should take some loan before the party ends.
DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
Nifty Intraday Trade Setup | 3rd December 2021Nifty opened flat and we broke our Buying Level in the first 15 mins, where BN was sideways today we saw a trending day in Nifty and closed near day high 17400.
Trades we took Today:
> Bought Nifty 17350 PE at 160 which we booked with 15 points loss
> Bought Nifty 17400 PE at 130 which we booked with 5 points loss
> Bought Nifty 17200 PE 9th Dec at 135 which we booked with 10 points loss
> Bought Nifty 17200 CE 9th Dec at 230 which made a high near 300 and Traders booked great profit in this Trade
Overall, not a Good day for Nifty Option Buyers.
We can again see an upmove if Nifty sustains above 17425 tomorrow.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above - 17425
Sell Below - 17300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty analysis -- COVID - OMICRON news 20211) Nifty brokedown Head and shoulders pattern = correction mode is ON
2) Head height = 885 points , so support can be found at 884 points below the neckline i.e at 16900 levels - support 1
3) Possiblity of Filling gap of 27 Aug - 30 Aug at Support 1
4) Support 2 at 16150 levels which is also the 200 DMA region
Nifty Stretagy for 6 Dec Nifty has given a lower breakdown recently, as we suggested earlier that soon we will get an opportunity to short nifty for a profit of 800-100 points, which we got.
Next week, we are not much bullish on Nifty, downtrend will continue.
Traders can enter for a short position with a stop loss of 17380 (Nifty spot price) for a target up to 16800.
#NIFTY Intraday Support and Resistance Levels - 03/12/2021NIFTY will open flat or slightly gap up today. After opening if it starts trading above 17450 level then expected strong upside rally upto 17560+ level. Any downside only possible below 17420 level. For today's session 17330 will act as an immediate support. Any major downside only possible below this support level.
NIFTY -- Neutral ViewYesterday was a green candle. Today if we see a green candle then it will be a follow up to yesterday's candle and we can be bullish. If the highs of 26th November is taken out and the retest is successful then I'll assume the fall has finished and the bull run is back in place.
Until the highs of 26th November remain unbroken, I'll not go swing long.
NIFTY ANALYSIS FOR TOMORROW 02-12-2021We have seen huge volatile session and Nifty Tried to break 17200 level but couldn't CALL Writer have less conviction on 17200 and 17300 level. If Price sustain above 17200 then 17300+ can be achieved easily on the downside 17000 is now major support we the market tested many times to break.. We can range bound session tomorrow We will trade according to price action. Stay Lite with quantity due to expiry :)
Nifty 50taken support at trend line in first pullback from trentline 50% retracement act as resistance which is 18120 afterwards it retested trendline and closed near 18100. presently its neckline breakout ready for new life high as per chart for bull last swing high on closing basis is sl. good formation for bull as per chart we will watch whether new high come this expiry or dec expiry.