#Nifty"Trading day, March 17th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains around the 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the 38% fib level, we can expect a minor correction in the form of a three-wave structure."
Niftyintradaysetup
#Nifty"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will likely continue. And don't take long position until forming a proper reversal signal."
#NIFTY Intraday Support and Resistance Levels - 16/03/2023Nifty will be slightly gap down opening in today's session. After opening nifty sustain below 16950 level and then possible downside rally up to 16850 in today's session. in case nifty trades above the 17000 level then the upside target can go up to the 17100 level.
nifty trade setup 16/3/23market to continue having negative outlook on account of continuing global meltdown. expecting gap down opening of about 80-100 points (around 16900 levels).
can look for Pe side trade below 16935 with sl of 19650 for target of 16900/19874/16755/16650.
not much on upside. can look at Ce side trade only above todays day high 17210, though the R/r does not appear favorable. Scalping can be attempted above 17000 with buy of dips if such conditions occur.
#Nifty"Trading day, March 15th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains, we can expect a strong rally that will reach a minimum of 38% to 50% Fib level. On the other hand, if it declines initially, we can expect a minor correction."
#Nifty"Trading day, March 14th: The global market indicates a positive start, but structurally, the market's nature is bearish. It may open with a gap-up. After that, if the market sustains around the minor 38% fib level, we can expect a continuation of the pullback. On the other hand, if it sharply rejects the minor38% fib level, then we can expect a continuation of the correction."
NIFTY, March 14, 2023NSE:NIFTY
17300 act as resistance, wait for breakout if breakout confirm then our target is 17500-17600
17100 can act as support level consider shorting below this level, next support is on 17000-16950.
Happy trading :)
Rana Sandeep Singh
Analyst, Trader, Investor
Detailed daily index analysis at
in.tradingview.com/u/starkwelt/
FASP levels for Nifty 14/03/2023
The FASP for Nifty is listed for 14-03-2023. 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.
#Nifty"Trading day, March 13:The global market indicates a positive start, but structurally the market's nature is bearish. It may start with a neutral opening or gap-up. If the market sustains around the 38% fib level, we can expect a pullback continuation. On the other hand, if it sharply rejects the immediate resistance level,then we can expect the range market to correction."
#NIFTY Intraday Support and Resistance Levels - 13/03/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 17450 level and then possible upside rally up to 17400 in today's session. in case nifty trades above the below 17430 level then the downside target can go up to the 17330 level.
FASP levels for Nifty 13/03/2023The FASP for Nifty is listed for 13-03-2023. 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.
#Nifty"Trading day, March 10: The global market indicates a negative start. The market's nature is bearish, and it may start with a gap-down. If the market takes an immediate pullback, then we can expect a range market that will reach a minimum of 61% fib level. On the other hand, there is a going sub-wave 3, which is a long wave, so we can follow that."