NIFTY ANALYSIS FOR TOMORROW 09-11-2021We have seen good momentum after some downside opening. CALL writer at 18000 level got trapped. Now 18000 is itself is immediate support for nifty and 18100 ,18200 target open as CALL writer have multiple position at diff strike. if 18100 break then we can see a good momentum tomorrow. further on the downside 17900 is strong support now. 18000 CE and 18100 CE will be good choice if 18100 broken and sustain above it. :)
Niftyindia
#NIFTY Intraday Support and Resistance Levels - 08/11/2021NIFTY will open gap up today. Expected opening near 18000 level. After opening if nifty sustain above 18000 and starts trading above 18050 then there will be strong upside move upto 18220+ level in today's session. Any downside only possible if nifty starts trading below 17880 level.
NIFTY ANALYSIS FOR UPCOMIGN SESSION 11-NOV ExpiryNIFTY didn't make above 17900 today and expiry was volatile and both side movement has been seen. Further trend deciding level is 17800 if break then 17700 and 17600 are week Support on the upper side 17900 is immediate resistance. We do not have much data in option chain.So we have to look for 1-2 trading days for clear picture :)
#NIFTY Intraday Support and Resistance Levels - 03/11/2021NIFTY will open slightly gap up today. Upside important level for nifty is 17940 level. If nifty starts trading and sustain above then level then expected upside rally towards the 18100+ in today's session. Downside 100-150 points possible if nifty gives breakdown of 17850 level.
Nifty Analysis for 3rd NovNSE:NIFTY
⏺ 4/1 Hourly - 17850-17960 is the range. can go both ways if broken. Continuation of downtrend is most likely.
⏺ 15/5 min - we can see huge momentum on down side if the support of 17850 is broken.
✅ Support - 17850, 17800
❌ Resistance - 17960, 18090
📈 Trend? - 90% down 10% up
(what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points)
↕ Market movement - 250-300 pt
❗❗ Watch out for :
--> At the opening, most likely market will be rangebound. As it is expiry, you can do scalping within 17850-17960 - but be sure to SL very very tight.
--> After a whole day of confusion, it is possible to see big move tomorrow. Probably of 250-300 pts.
--> Festival season does affect the trading. So just keep that in mind.
--> It's expiry; don't be on the zero side, be on the hero side.
Mentorship InstaView 02 Nov’21: A Day to Consolidate Nifty View: Today's 85 points negative close from the Nifty benchmark index is more of a consolidation post the big +293 points gain we experienced yesterday. The short term trend is still DOWN with immediate resistance at the psychological 18K mark, which has held the index down pretty well. One should continue with a conservative bias and wait for the index to show some more strength, and the first sign of that will be a retest of 18K. If we fail to see this anytime soon, then the chances of an extension on the downside increase. So trade light & with caution.
Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
NIFTY 50 crucial levels for Wednesday!🛑 NIFTY trading below 21DMA , trading above 50,100 DMA
-NIFTY pivot point 17870
🛑 Key levels to watch out for intraday traders :-
- resistance is at 18000-18050
-with SL of 17980
- 18150 we can see as the target after breakout
- support level is at 17850-17800
-with the SL of 17890
- 17700 we can see as target after breakdown
Mentorship InstaView 01 Nov’21: Impressive
Nifty View: Benchmark Nifty index impresses with a near 300 points gain in today's trading session. It was a move that was supported well by most of the sectors and heavyweight stocks. In terms of levels, the index at a close of 18,008 will now deal with the immediate short term resistance at the psychological 18K mark. In fact, a closer look at the volume profile and vwap reflects that it is (18,100-18,150) which can act as a stronger resistance for the index. Let us stay cautiously bullish and observe whether the index manages to sustain above 18,000.
Please watch the video for a detailed analysis of the index and stocks.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
Nifty outlook: A corrective pullback or a bull trap?
Nifty has filled the gaps. It has a very active gravitation line where price activities are on the bulk.
According to wave principle, corrective waves form in deceleration and, impulsive waves break the declaration channel.
If nifty breaks the corrective channel, we may see an upward move. Otherwise, the price will continuously form in the corrective channel.
I will update further information.