Get started

Niftyindia

Nifty-Possible evening star forming today but not confirmed yetA morning star is a visual pattern made up of a red candle, a smaller green/red candle with a short body (spinning top/doji) and long wicks, and a third tall green candle. BULLISH PATTERN Similarly the evening star consists of a green candle, followed by a doji/spinning top and third red candle. BEARISH PATTERN Ideally there should be a gap area between 2nd smaller candle with the 1st and 3rd candle which acts as resistance/support. And the 3rd candle should pierce atleast 50% of the 1st candle. Examples: - 1. Very clear morning star formed on 4th October 2021 which signalled a massive rally. 2. Evening star formed on 16 Nov 2021 led to a massive fall. Not as clear cut with no gaps between candles. 3. Evening star with a massive bearish candle on 15 Dec 2022 led to a big fall. Do check out the charts by zooming as it may not be clear So should a bearish trade be taken? At this moment it is a big no as from all parameters NIfty is bullish at the moment. But looking at FII positioning and massive downward movement in S&P at the end there is a possibility if Nifty today closes below 18k and pierces through 50% of the 15th Feb green candle to below 17950 there could be fall as it would be a false breakout evidenced by low volumes. This is yet to be confirmed though and Nifty has strong supports at 17860 and 17720. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NSE:NIFTY
by DashSam
Nifty - Bearish move possible if Monday 1st 15m/1hr is redNifty has been consolidating between 17800-17900 since last few days. It is currently at a confluence point of both upper and lower trendlines. There are more bearish indications than bullish. Hence Monday opening plus first 15m/1 hr candle is hugely important to decide what happens next. A large movement is possible in the upcoming days if Nifty opens flat or lower tomorrow and breaks 17800 in first 15m candle itself. It would signal large movement downward tomorrow. Similarly if Nifty opens tomorrow in green and crosses 17900-17920 a huge upside move is possible as well. Bearish signs: - 1. Fib retracement of 61.8% of recent SH & SL. 2. Daily RSI below 50. 3. 17750-17850 zone in NIfty has major resistances. Nifty futures weekly chart shows no closing above the resistance zone. 4. Very bearish positioning by FIIs in both Futures & Options. 5. Multiple moving averages around 17900 both EMA and MA. 6. Options positioning indicates 17800 PE has the maximum support but no huge additions seen below 17800. 7. Global cues - Rise in treasury yields, DXY & newer bets on Fed funds rate going even higher BEARISH BELOW 17780 with targets of 17584, 17445 and 17350. Bullish signs: - 1. Nifty taking support from the Covid trendline and moving up. 2. Formed a double bottom and moving up and formation of higher lows indicates strong buying support still exists. BULLISH ABOVE 17900 with targets of 18100, 18200.
NSE:NIFTYShort
by DashSam
Nifty weekly analysis for 13/02/23.Nifty has consolidated whole week and formed a doji on the weekly charts. It has been taking resistance from 20 ema and 61.8% fibonacci levels. The market can either side move once it breaks out or break down of the consolidation zone. On the hourly charts, the market has been trading between both the moving averages and closed in between them. Markets have not moved much and formed doji after doji on the daily charts. Market tried to cross the resistance level of 17890 but opened gap down the very next trading session. Support :- 17810, 17710 Resistance :- 17890, 17940, 18000 The market can give nice movement either side. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
ABFRL - Low risk High Reward Trade on Breakout RetestABFRL - On the 15-minute time frame Aditya Birla Fashion has breached a key level, and current trend is bullish on higher time frames. Entry should be made on a retest of the breakout, and stop loss should be kept below the key level zone. I hope this analysis was helpful to you. If so, I would appreciate it if you would like it and follow me on TradingView for more of these kinds of analysis. Disclaimer: I am not SEBI registered and this analysis is not intended to be financial, investing, trading, or other sorts of advice or recommendations.
NSE:ABFRLLong
by AfnanTAjuddin
NIfty - Conflict on weekly and daily TF with bullish biasNifty Weekly chart looks bearish as it shows Nifty consolidating for few weeks and then breaking below the consolidation zone and currently trying to retest it again (bearish retest would have been much clearer if it finished below 17800 but it closed above it). But this could be a move to trap call buyers. On the daily TF, it looks bullish as it took support from the Covid trendline and formed a double bottom and bounced back into the consolidation zone. Only the neckline which is the budget day 17900-17950 region needs to be taken out for it to be bullish. Bullish case: - Using Fib from the current fall from 18887 to 17353, we can see that the 38.2% retracement is at the neckline of 17900-17950 region which was tested once and Nifty is close to it again. There are a lot of Daily and Weekly Moving averages at this region. So if tomorrow NIfty opens gap up above 17900 and then takes out the 17950 region then it will very easily reach 18100 which is the next resistance zone. In a flat open chances of it breaking would be a little difficult but not impossible. Bearish case: - NIfty completed its 61.8% retracement of current swing high of 18200 and 17353 and is preparing for the next down movement. But no bearish trade should be taken until 17680-17720 region is tested and broken. This is more possible in case of a gap down as indicated by global cues. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NSE:NIFTYLong
by DashSam
Nifty weekly analysis for 06/02/23.Nifty on the weekly time frame has taken resistance from 61.8% fibonacci levels and closed near the 20 ema. The market has showed some recovery from the lower levels and has given a nice candle. On the daily time frame, the market has taken support from the 200 ema and closed near the 20 ema. There is dragon fly doji and if the market closed above the 17920 levels, there may be a trend change. Even on the hourly charts, the market has closed between both the moving averages. The moving averages, on 15 minutes chart, are close enough and can give a bullish moving averages cross over. Support :- 17750, 17620 Resistance :- 17940, 18080 The market has given a 1.5% move in a week and if the markets closes above 18200 level on the weekly charts, the market will form a new high. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
Budget special analysis of Nifty Nifty has formed a REVERSE H&S pattern but remember before any breakout and retest it may be dangerous because if you see in the case of nifty it has formed the reverse h&s pattern but the trend in higher time frame is not changed . The trend will only be changed after 17780. if nifty forms higher high after that level then only go for long. Target will be 18900. Use trailing sl (7 smma) best. Put your sl to cost-to-cost after achieving 50-75% of your target . FOLLOW MY CHART IMAGE MORE THAN THIS WRITEUP Our action will be if market opens: Gap up: Nifty opens gap-up and after sustaining above 17882 on higher high or if u get any retest/pullback then only go for long and Aggresive traders can trade without pullback because that will be good for tomorrow's market. Gap-Down: Nifty opens gap-down then wait for the lower levels like (17400-500). Then take trade after higher high or lower lows. Flat: - Buying till 17560 and then market may face resistance (if faced and got rejection then we can go short). if nifty didn't reject from that area then go long immediatly after nifty sustains above 17780. REMEMBER TOMORROW IS A NEWS BASED TRADING DAY SO BEGINNERS AVOID LITTLE BIT EXPERINCED PEOPLE USE TIGHT SL AND USE TRAILING SL IN RUNNING TRADE Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTY
by pn202377
Blasting analysis of nifty for 31/01/23😎Smart traders come fastIn this video i discussed about nifty trading levels for tomorrow 31-01-23 Please give me your view also in the comment section. I will be happy to discuss. Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTYShort
by pn202377
Nifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in nifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/ 01 /23. but due to some rules and regulation the post was been private. Ok leave it. Let's discuss moday's market Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday nifty may touch the demand zone which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management. Target will be the supply two zones which is marked in the chart. Mark the zones and trade in 5 min because i couldn't post it in 5 min timeframe. Alert for tomorrow's market: if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M) Remember if market doesn't follow this setup if continues to fall then do one thing when moday's low is breaked by a 5/15 MIN candle then only go for selling. you guys know where i can post more about this i will not tell, u guys guess what i mean to say. Be smart😎 Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:NIFTY
by pn202377