As I said, in my last analysis, nifty might be looking to reach into the monthly fair value gap at 21137.20, which means we can still see more bearish action from nifty in the coming days.
In case we might not fill the value gap this month, on the short term, we still have a one hour discount at 21589.35.
So for tomorrow nifty might move a little bit up to fill...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
Today, I marked my support and resistance levels in NIFTY. I'll be trading based on these levels.
I'm planning to publish post-market chart as well. Kindly check that as well. If you think it's useful, please like and follow
Trade plan for tomorrow:
If there's a gap down tomorrow or it breaks Friday's low of 21800, then the next targets would be 21650 and 21450. If it opens with a gap up or opens flat, then it might move within Friday's range only.
NIFTY Intraday Trade Setup For 05 Feb 2024
Bullish-Above 22150
Invalid-Below 22100
T- 22350
Bearish-Below 21800
Invalid-Above 21850
T- 21550 21340
NIFTY has closed on a bullish note with 2.35% gain last week. On Friday also it closed with 0.72% gain but created a bearish sentiment as there was a huge sell off from ATH. 22150 is a strong resistance in daily TF,...
NIFTY
cmp 20937
I have suggested Positional Longs near 18840.....
and recently near 19850
Enjoyed Bull Run From 18840---->20960++
More than 2100 points Done
Now as market is at ALL TIME HIGH we need to update our Levels
So,
RESISTANCE WOULD BE 20970 / 21080 / 21180
SUPPORT WOULD BE 20750 / 20600 / 20500
Regards..
Harm⭕nics4Life
06/12/2023
...
Today Nifty opened with a gap up around 21825 and broke the important resistance level 21850 where Nifty was facing hurdle from so many days. Above 21850 we were bullish in Nifty, booked our shorts, taken 21800 CE and got the great profit in both 21800 and 21950 CE.
For Monday, if Nifty sustains above 21930, we expect to see 21980 and upper marked levels. On the...
As we discussed in our analysis & on YouTube , it reached the target and then fell.
You can also find the analysis on youtube channel link in Bio.
Now if we look at the chart:
the market is in a rectangular uptrend pattern and is now at the lower support line. Looking at the selling pressure volume in the last session, it was a strong fall from ATH....
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Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “Bulls and Bears are reevaluating their army strength and will soon fight it out — we will get a trending move as soon as the balance is tipped. For tomorrow — we wish to start the day with a neutral stance and then re-evaluate based on Nifty’s plans. If we pick a direction, we will definitely update the TV...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
#Nifty
Good morning, friends. As of February 2nd, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +170.
Nifty has a consolidation structure, so as per the structure, if the consolidation...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
As Nifty has been trading in the range 21500-21750. Now, tomorrow is a BIG BUDGET 24 to be announced.
If we look at the charts:
The market is trading on the resistance level while completing the inverted HNS pattern, which increases the probability of the market going bullish. But unless the market breaks to the upside, don't go for option buying....
Nifty made a good triangle pattern in 15 and 5 min Timeframe and gave a breakout and retest scenerio on 21700 levels. Well, since tomorrow is a BUDGET day which is gonna be released on 11 am. I am gonna avoid all the morning trades due to the volatility in the market in the morning session. Premiums will be high too in the morning because FIIs/DIIs will be waiting...
"Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this...
Tomorrow is nifty weekly expiry and financial budget. There will be much volatility in the market as both the events are on the same day.
Nifty has given a nice move in the first half and consolidated in the second half.
If the market opens flat or slightly lower, after the break out bullish trade can be initiated and heavy quantities should be enter only once...
