The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “Once we breached the support, there was no attempt to retrace. One thing is missing though — momentum. The weak hands still hold the shorts..” 4mts chart Nifty went ahead and broke the recent swing low. The lowest point today was 21710. From the open till 10.47 - the index played as per script, but what...
Nifty opened with a gap-down today due to TCS news around 21960 and after making a high at 21978 we saw a sharp sell-off and Nifty made low below 21800 which acted as support. For tomorrow, if Nifty sustains above 21870 we expect to see a pullback towards 21910 and upper marked levels. On the other side, fresh selling will be triggered if Nifty breaks 21800 on...
"Good morning, friends! Here are the directions for March 20th: there is no significant difference in the last session. The Dow Jones has maintained a neutral sentiment, while our local market sentiment is also neutral. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty is maintaining a moderately bearish...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time.“ 4mts chart I can say With 70% confidence that Nifty50’s Lower Low, Lower High (LL, LH) wave formation has taken precedence over the W (double...
NIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 22000 Invalid-Below 21950 T- 22200 Bearish-Below 21780 Invalid-Above 21830 T- 21580 21350 NIFTY finally gave breakout of the channel pattern daily TF and closed today with 1% cut today. Our short trade is now active below 21900, this level was discussed multiple times in the recent days back. Now index is...
"Good morning, friends! Here are the directions for March 19th: there is no significant difference in the last session. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -80...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout...
NIFTY Intraday Trade Setup For 19 Mar 2024 Bullish-Above 22130 Invalid-Below 22080 T- 22345 22550 Bearish-Below 21900 Invalid-Above 21950 T- 21634 21400 NIFTY has almost on a flat note with minor gain of 0.14% gain today. Its been 3 consecutive day where it closed inside 13 Mar candle's range. Hourly swings are very important at this point, 22210 and 21900 are...
Nifty opened flat today around 22000 and it was a very volatile session. Nifty went down towards 21916 but didn't trigger the sell level. Though we got the buy trade above 22060 and it hit our 1st target. For tomorrow, buy Nifty if sustains above 22120 for the targets of 22160 and upper marked levels. On the other side, fresh selling will be triggered if Nifty...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. Important Levels: marked on chart Support: 22050 , 21930 Resistance: 22164 Verdict: Sideways Plan of Action: Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
Looks like Nifty is making a double-bottom pattern. if it completes the pattern and crosses above 22250, it may go higher. If it breaks the support of 21850, it may go to the downside. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just...
Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound...
NIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 22130 Invalid-Below 22080 T- 22345 22550 Bearish-Below 21900 Invalid-Above 21950 T- 21634 21400 NIFTY has closed on a bearish note on a bearish note with 2% cut last week. It has got rejected from from 2.618 PRZ in weekly TF which was pretty obvious. Below 21850 we will get a breakout of channel in daily...
Nifty opened flat on Friday around 22075 and after forming a high around 22120 we saw a selling towards Thursday low 21930 zone but Nifty took support and again reached to 22050 levels. For Monday, buy Nifty if sustains above 22060 for the targets of 22100 and upper marked levels. On the other side, fresh selling will be triggered if Nifty breaks 21900 on the...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right...
NIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 22210 Invalid-Below 22160 T- 22450 22670 Bearish-Below 22080 Invalid-Above 22130 T- 21840 21600 NIFTY has closed on a bullish note with 0.68% gain today. It gave expected 50% retracement of the fall seen on 13 Mar. Now once again we can expect downside continuation. Key level is 21900 for the continuation...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn’t know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away.” 4mts chart The day did not go as planned, firstly the selling pressure...