Niftyindia
NIFTY - Weekly Analysis🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Part III: Nifty Sellers Crushed AgainI have uploaded the Nifty Elliott wave study, and it has reached the first target of 18164.
The trader can trade pullbacks on the nifty.
As per the rule of the channel, Parallel channel B can provide support to the price.
After the pullback, If the price is not giving any reversal signal, it's better to stay beside the market.
If the price tries to fill yesterday's gap, then bull traders can take a new entry.
Part IV: Nifty outlook: A steep recovery or a slow correction?
Nifty has continued growing in the corrective channels.
It has filled two gaps and is currently on the third gap level.
The third gap is providing support.
Nifty has made a double bottom pattern on the gap level.
And according to the gap theory, price gaps cause reversal.
But if selling pressure exceeds buying pressure during the gap area, Trader can expect another leg down.
targets for buyers 18220-18334-18454-18500+
Don't take a trade without any confirmation.
The market can go downward.
A trader can wait for confirmations, like candlestick pattern, volume breakout, trendline breakout, and channel breakout.
More clusters are there, more controlled your psychology will be.
Last Warning to NIFTY SellersNifty is forming corrective wave 4 of wave ((5))
Nifty has made a high at 18604 and started falling due to conclude of wave 3.
It has broken the base channel due to high selling pressure on Nifty.
The following terms confirm the nifty pullback.
A. The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like the reversal is ahead.
B. Wave equality (A = C)
Wave C is 100% of wave A and vice-versa. If nifty breaks the previous low, then it can reverse between 100% to 161.8% range.
The corrective wave can complete if it sustains in the channel trendline.
I will upload Intraday charts to take trading decisions.
Nifty Outlook: A fight Between Bulls and Bears Nifty was heaving correction in previous weeks.
Now, It looks like it has completed corrective structure and marching upward.
If you are following my daily outlooks, you can understand these charts easily.
If the price is about to change the direction, It will make an initiative then confirm it.
Nifty will confirm its bull trend by breaking wave B at 18350.
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NIFTY 50 POSITIONAL SETUPnifty 50 following both trendlines perfectly and can give us a good target either sides if it breaks upside trendline or 18000 level and close above 18000 in one hour timeframe then we can create a long position in NIFTY50 . If it breaks downside trendline or 17850 level and closes below 17850 on one hour time then it can give us a target of 300 points in downside . 200EMA will also react as both support or resistance both sides.
#NIFTY Intraday Support and Resistance Levels - 12/11/2021Nifty will open slightly gap up. After opening if sustain above 17890 level then expected upto 18050+ upside rally. Further downside only possible if nifty not sustain above levels and starts trading below 17800 in today's session. Downside 17640 targets possible below 17800 level.
NIFTY 50 Shorting strikes based on Vix 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18100 CE and Short 17700 PE
🛑 we can observe that market may be stays in between with the range of 18100-17700 , only When there's no Volatility .
- if short both side / if we did short strangle
◽if breakout happens at 18050 then we can exit from short CE position and hold short PE until achieve the target of 18110
◽if breakdown happens at 17750 then we can exit from short PE position and hold the short CE until achieve the target of 17700
🛑 rules to follow while initiating the traide
◽ Take an trade after 11 to 11:30 AM
-if market still in between our mentioned shorting strikes
- from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's)
◽i hope that it will help a lot ,
do like and follow for more,
have nice day..
NIFTY 50 crucial levels for Friday!🛑 NIFTY trading below 21DMA this will act as Resistance (18078),
- 50 DMA will act as Support ,17775 level will be crucial to hold nifty
-NIFTY weekly pivot point 17875.4
🛑 Key levels to watch out for intraday traders :-
◽ resistance is at 18000-18050
-with SL of 18000
- 18110 we can see as the target after breakout
◽ support level is at 17800-17775
-with the SL of 17850
- 17700 we can see as target after breakdown
🛑 rules to follow
* avoid trade if market opens above/ below our levels
- simply , avoid if market opens at or above our resistance zone ( Huge GAP up )
- avoid if market opens at or below our support zone (Huge GAP down )
(reason behind avoiding trade because market don't like gaps it will try to fill the gaps )
*if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade
* after initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS
*initiate trade after immediate breakout / breakdown(possibility making profit is higher)
- or one can initiate after retesting the level (possibility making profit is lower)
◽i hope that it will help a lot
do like , follow for daily updates
NIFTY 50 crucial levels for Expiry Day!🛑 NIFTY trading below 21DMA , trading above 50,100 DMA
-NIFTY pivot point 17875.4
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18060-18100
-with SL of 18020
- 18200 we can see as the target after breakout
- support level is at 17950-17920
-with the SL of 18000
- 17850 we can see as target after breakdown
#NIFTY Intraday Support and Resistance Levels - 10/11/2021NIFTY will open gap down today. Expected it will open below 17950 level. Below this level there have chances of further downside upto 17840 level in nifty. Any upside strong movement only possible if nifty sustain above 18050 level in today's session.
NIFTY 50 Shorting strikes based on Vix 🛑 Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 18200 CE and Short 17900 PE
🛑 we can observe that market may be stays in between with the range of 18200-17900,only When there's no Volatility .
- if short both side / if we did short strangle
if breakout happens at 18200 then we can exit from short CE position and hold short PE until achieve the target of 18200
if breakdown happens at 17950 then we can exit from short PE position and hold the short CE until achieve the target of 17850
🛑 Take Position after 11 to 11:30 AM if market still in between our range
- from 11:30 Am here afterwards volatility will starts to cool off
i hope that it will help a lot ,
if you like it do follow for more,
have nice day..
#NIFTY Intraday Support and Resistance Levels - 09/11/2021NIFTY will open gap up in today's session. Expected it will open near 18100 and after opening if nifty sustain above 18100 then there will be further upside rally of 100-150+ points. Any downside only possible if nifty starts trading below 18020 level.