Why NIFTY will crash to 11.7K? Pls read the above chart and try to understand each scenario and then correlate it with current scenario 👆 Cannot be explained into words so I took out time to allocate everything on the chart.
I welcome your views.
Niftyindia
Nifty Intraday Trade Setup | 22th November 2021Nifty opened flat around 17895, Nifty faced resistance near our Buying Level 17940 and we saw sharp selling from morning high.
Trades we took Today:
> Bought Nifty 17900 PE at 70 which made a high above 200 and Traders booked great profit in this Trade
> Bought Nifty 17800 PE Nov Expiry at 120 which we booked with 25 points profit
Overall Great Weekly Expiry for Nifty Option Buyers.
We can see a fast down move if Nifty breaks 17730 on the downside tomorrow.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above - 17800
Sell Below - 17730
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY ANAYSIS FOR TOMORROW 23-11-2021 and Upcoming SessionNifty fall as analysis done previously. In the Last Hour We have seen some pull back. We can see a Gapup or small upside to consolidation between the range 17492 to 17556. We will be only bullish on niffy above 17556 and 17600 level. Other wise Nifty can again go down from these levels. Further Important support zone given on chart we do trade in the consolidation zone. We will take trade only breaking crucial levels. :)
NIFTY Trading Setup (22 Nov, 2021)Current selling pressure likely to be absorbed near the given buy levels, and we can possibly see a reversal near these levels.
#NIFTY Intraday Support and Resistance Levels - 22/11/2021NIFTY will open slightly gap up in today's session. After opening if it's sustain above 17830 level then possible upside movement in nifty. Downside possible below 17810 level. 18690 will act as a downside support for today's session.
Nifty is at support, it can make or break from here Nifty has made a Wedge and holding it as of now. If it hold we can see higher levels and if it breaks it can fall upto 17500. I feel Nifty is in great shape for moving up or perfectly settled for a pull back. One can take a chance and long Nifty with a tight SL of below Wedge line on daily time frame.
NIFTY Intraday Trade Setup For 22 Nov 2021NIFTY Intraday Trade Setup For 22 Nov 2021
Buy-Above 17840
Sl-17810
T-17915
Sell-Below 17680
Sl-17710
T-17580 17510
Nifty is sell on rise, so if we get buying position then book one third of your position in the 1st target. For selling go with full exposure , trail and hold.
Closing below 17600 will open target of 17250 in the coming weeks.
We are going to test the weekly trendline this week , keep an eye on that.
Also trade all the breakdowns channel breakdown bear flags in intraday.
NIFTY head and shoulder pattern NIFTY has formed a head and shoulder pattern
right shoulder has been rejected from 0.618 levels
Nifty 50 Analysis Based on Price ActionHead and Shoulder pattern noticed in Nifty in Daily Time Frame
Head and Shoulder is a trend Reversal Pattern
Neck Line of the H&S Already Broken
If the immediate Support of 17600 Breaks we might see a further correction up to 17200
55 EMA is showing Weak Signals
But if it takes support so we can see a small pullback in the upside and consolidation for few Weeks
Upside Resistance Levels are at 17900
#NIFTY Intraday Support and Resistance Levels - 18/11/2021NIFTY will open slightly gap down today. After opening if nifty starts trading below 17800 level then there expected 100-140 points downside in index. Downside 17640 will act as a strong and important support for today's session. Upside rally possible if nifty starts trading and sustain above 17900 level.
Nifty FuturesNifty Futures
Daily charts (using line format for projection)
It clearly looks like a bullish flag continuation pattern to me.
I would say, it is risky but still looks like a good buy at this level!
NIFTY Intraday trade Setup For 18 Nov 2021NIFTY Intraday trade Setup For 18 Nov 2021
Buy- None
Sell-below 17880
Sl-17910
T-17800 17700
NIFTY ANALYSIS FOR TOMORROW 18-11-2021 Expiry With a hope of some recovery buyers trapped today and Nifty Fall again, We have seen LONGUNWINDING at 18000 level which was strong support and short buildup with 66.6 Lacs Open Interest at 18000 level. Further sentiment to remain bearish next support is 17900 which is having only 35 lac Open Interest on PUT side Which may be break and then 17800 which is very crucial if 17800 break then big fall can be seen. else there will be again premium eating . technical level are given on Chart :)
#NIFTY Intraday Support and Resistance Levels - 17/11/2021NIFTY will open gap down. Expected opening near 17900 level. For today's session 17900 is an important support level. Higher chances NIFTY will hold this support and take reversal towards the 18040 to 18145+ level. Strong downside possible if nifty starts trading below this support level.
NIFTY Intraday Trade Setup For 17 Nov 2021NIFTY Intraday Trade Setup For 17 Nov 2021
Buy-Above 18040
Sl-18010
T-18100 18130
Sell-Below 17955
Sl-17990
T- 17900 17845
Nifty is still in an range. So eat in chunks. Can sell the hourly range.
#NIFTY Intraday Support and Resistance Levels - 16/11/2021In today's session, Nifty will open slightly gap up. After opening if its starts trading above 18140 level then expected upside rally upto 18260+ level. Any downside only possible below 18060 level. 18060-18140 will act as a consolidation zone for today's session.
NIFTY : Levels for 16th NovNIFTY started trading in downtrend channel patter on 15 Min time frame.
Follow price actions for trading tomorrow.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY LEVELS FOR TOMORROW 16 NOV 2021..................nifty levels for tomorrow 16 nov 2021........................
NIFTY ANALYSIS FOR TOMORROW 16-11-2021After A GapUp to little downside momentum for the day. We have Still strong support at 18000 level . But important point to note that we have Good Number of Long unwinding at 18000 level as per Option Chain Data. So upon breaking 18059 level on downside and breaking 18000 level we can see huge fall. We will see of new position are building at 18000 PUT side or not. else fall can be seen. Let See. on the upper side 18100 is resistance and 18200 strong resistance :)
