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Niftyintradaysetup

Nifty Trading Plan for Monday 19 Jun Monday Potential Trading Opportunities in Nifty for Intraday Trading Nifty Price levels where the Buying and selling Pressures are Expected to be Strong and it is top Nifty Trading Indicator Support Zones for Nifty are as Given Below S1- 18815 S2- 18766 S3 -18723 Resistance Zones for Nifty are as Given Below R1- 18885 R2 -18910 R3 -19000 Nifty Option Chain Analysis for Intraday Trading PCR ratio as per Option Chain Analysis -1.18 ( Bullish) Max Pain As per Option Chain Analysis -19100 Major Resistance as Per Nifty Open Interest Analysis -18800 / 19000 Major Support as Per Nifty Open Interest Analysis -18700 / 18800 Nifty Long Opportunity tomorrow in Intraday Trading - If Nifty Sustain Above 18820 then its Good Buying Opprtunity and Target is 18900 Next Buying Opprutunity is Above Resistance 18770 Target is 18815 Dont buy below 17800 Nifty Short opportunity tomorrow in Intraday Trading - we can take short trade near Resistance If Nifty not break Resistance of 18900 then its Good shorting Opprtunity and Next shorting Opprutunity is Below 18800 For Any stock or index Chart Analysis msg me
NSE:NIFTY
by manojshinde27
4
Nifty daily analysis for 16/06/23.Bearish engulfing candle has been formed on the daily charts. It has held the level of 18700 and gave a break down in the final hour. As predicted market gave a nice sell of after holding on the higher levels. There are chances of market testing lower levels further. On hourly charts, the market has again closed between both the moving averages. Support :- 18620-40, 18550-65 Resistance :- 18700, 18740 Market is trading at higher levels and there are resistances in near range. There is BOS and there are chance of market testing 18500 levels. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
#NiftyGood morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while Banknifty has three bending waves (ABC). Therefore, the market might follow the trend of whichever one is dominating. Simply put, if Nifty undergoes a correction after completing the "C" leg, Banknifty will turn the range market into a correction without finishing three waves. Conversely, if Banknifty dominates the market, Nifty might experience consolidation before a pullback continuation, ranging from 61% to 78%. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction.
NSE:NIFTY
by Manickamtraders
#NiftyGood morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 50 to 61%, we can expect a correction. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction. It should break yesterday's low.
NSE:NIFTY
by Manickamtraders
Is market forming new ATH or getting ready to retrace?Nifty closed below the area where major trading is happening and the seller are really hit on the game selling markets at high. Though, it is a short term bear market. For last two weeks, market has consolidated and has formed another doji near the high. Markets are in confusion and the buyer-seller fight is still on. There is a confirmation as a double top patter is also beening formed. 1600 points or 9% move in nifty without a serious retracement on weekly charts. Though, markets have given good bullish move forming Higher Highs Higher Lows and is standing near the ATH but is losing the strenght for another up move as RSI is showing a divergence. People see a up move but before the move the markets will give a dip to hit the stop loses. Look for a Break Of Structure (BOS) forming a Lower Low. The major level of swing trades is below 18450-500 as there will be a BOS and 20 EMA will also give a break down on daily charts. For positional traders, there is an opportunity on the weekly charts where the next support seems to be around 18k levels. Fibonacci levels, support zone and moving averages all are converging creating a strong support near the levels. Enter trade only after there is a pattern formation or a retest and adapt for trailing stop losses to carry on with the trades. MA setup can also adopted for targets and stop loss as Daily and weekly moving averages are around the support zones. High chances are of a retest before Nifty creating a New ATH. Buyer have wait as per the technical analysis predicts. Wait for a confirmation and break down.
NSE:NIFTY
by Mambotrade