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Niftyintraday

#Nifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:NIFTY
by Manickamtraders
FASP levels for Nifty 03/04/2023The FASP for Nifty is listed for 03-04-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYShort
by SathishChandrasekaran
$NIFTY: Watch out for 17200-17215 zone $NIFTY is a no brainer in a downtrend. However, last sessions have seen an upside push. So the question that is bothering every one is whether the down trend is over? Well! only time will tell whether the downtrend is over. The last swing high on 1 hour time frame is a crucial in answering this question. If price breaks this line/zone on the upside and retests it before continuing upside, will establish the uptrend. However, a failure to do so will continue Bear slapping the price down. What is my take? I have this hunch that a Pole and Flag pattern is likely, i.e. price will reach the 17200-17215 zone or very close to its lower end, kind of forming a double top pattern and reversing from there. If this happens, we should be ready to see further downside, at least to the last swing lows of around 16860. If this low is broken then downtrend will continue. Why do i think that pole and flag pattern is likely? Call me cautious, but in each of the two days, there has been strong selling pressure. Which clearly indicates sellers are strongly holding the 17200 positions. I have a feeling that on Monday, we are likely to see a gap up closer to this zone, the price touching it before sellers pushing the price down. Only if the buyers are able to keep the market up above this zone towards the end of day, either on Monday or Tuesday, then we can see trend reversal. I am not sure about the second half play. SO i will play as per trend. Finally what to expect for Monday? - Gap up closer to 17200 level - First half Bears will push the price down from 17200 levels - Second half bulls may/should come back if the trend has to reverse, if so we can get a small doji. If Bulls dont come back in second half expect a red candle.
NSE:NIFTY
by abhi1invest
1
#Nifty"Trading day, March 20th: The global market indicates a negative start, with a moderately bullish nature that may begin with a gap-down. If the market immediately takes a pullback, we can expect minor consolidation before the rally continues, and it should break the Fib level of 38%. On the other hand,. On the other hand, if the initial market declines sharply, we can expect a minor correction that will reach an immediate support level. If the market rejects this level, we can expect a pullback. However, if the market breaks that level, it could indicate a trend reversal."
NSE:NIFTYLong
by Manickamtraders
2