NSE:NIFTY
Observations:
1) On daily time, since it was trading far away from it's short DMA, which is 10DMA so this kind of correction was necessary.
Today, it finally came near to 10DMA and it managed to close above 10DMA.
And all major 3 gaps are filled above 18000 level.
Please refer below chart : 1day Time Frame. ...
Nifty opened with a gap-up near 18380 level and we saw selling since morning, Nifty made a low at 18048 which is more than 350 points down from day high. Nifty took support from that level and we saw a bounce of 170 points.
Tomorrow Reliance result would be there and due to which we can see volatility in Nifty so trade with caution.
Expectations for Tomorrow:...
Nifty opened flat today near 18450 level and we saw a sell-off in the morning, Nifty took support near 18320 and rebound towards the 18450 zones again but couldn't sustain.
Trades we took Today:
> Bought Nifty 18350 CE at 120 which we booked at 105 with 15 points loss.
> Bought Nifty 18500 PE at 135 which we booked at 115 with 20 points loss.
Overall today was...
Nifty opened with Big Gap-up above our Buying level of 18550 and we saw a sharp rejection at 18600 zones.
Trades we took Today:
> Bought Nifty 18650 PE at 120 which made a high above 250 and Traders booked great profit in this Trade.
> Bought Nifty 18450 CE at 125 which we booked at 141 and Traders booked good profit in this Trade too.
Overall, a good day for...
If Market holds above 18040 for around 30 min then there will be a chance that the market will reach up to 18200 levels
Resistance 18040
Support_1 17940
Support_2 17880
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
>> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
As we can see on 06th Oct Nifty made bearish engulfing candlestick pattern on daily TF, The level between 17881-17768 is crucial to decide the momentum of the market if the resistance 17881 breaks and sustain for about 15 min then we can expect up move in the market, but if 17768 Support will break then the market will fall up to 17550 levels to fill the previous...
*Expecting normal expiry Tomorrow, The range is Between 17770 - 17600.
* Nifty will Take 17600 as Support
* By joining Lower lows we can draw a trendline we can consider this trendline as Support & Expect an up move if the market touches the trendline.
*If Nifty break support 17600 then Immediate Support is 17530 & if Resistance 17770 will Break then...
Res : 17770
Sup : 17620
You can check Bank nifty levels for Tomorrow in below link.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/informational purposes only. **********
>> Visit My Ideas Page for Daily Stock Analysis & Follow for Live Updates <<
As We can see Nifty made Double Top pattern in 30 Min time frame and Gap remained unfilled between 17654-17540 levels made on 23 Sep. If Nifty break 17800 Support then We can see fall in market upto next support i.e, 15530.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/informational purposes only. **********
>>...
Nifty opened with a gap-up near our Buy level of 18240 and we saw a good upmove towards the 18310 zones. The price couldn't sustain and sellers again dragged below Thursday's low.
Trades we took Today:
> Bought Nifty 18300 PE at 130 which made a high above 300 and Traders booked great profit in this trade.
We took only 1 Trade in Nifty as already booked great...
NIFTY will open gap up today. Expected opening near 18500 level. After opening if nifty starts trading and sustain above 18560 level then expected further 90-100+ points upside rally. Downside 18450 will act as an important support for today session.
NSE:NIFTY
My personal view is Better to avoid trading in INDEX at this moment. .
b]Trade Setup for Date 19-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is...
Nifty opened with Big Gap-up and remained in a range-bound market throughout the day.
Trades we took Today:
> Bought Nifty 18450 CE at 135 which made a high around 160 and Traders booked good profit in this Trade.
> Bought Nifty 18450 CE again at 130 and Nifty 18550 PE at 135 which we booked at a cost due to slow movement in Nifty.
Overall slow market and we...
![NIFTY: Simple Trade Setup | NIFTY | 22-10-2021 [INTRADAY]](https://s3.tradingview.com/d/dv4wdVvh_mid.png "Simple Trade Setup | NIFTY | 22-10-2021 [INTRADAY]")
![NIFTY: Simple Trade Setup | NIFTY | 19-10-2021 [ INTRADAY]](https://s3.tradingview.com/n/NNkcc0td_mid.png "Simple Trade Setup | NIFTY | 19-10-2021 [ INTRADAY]")
