Niftylive
Live Nifty Trading :-Maximizing Your Profits If you're looking for a potential short trade setup in Nifty, using price action analysis could be a useful approach. By analyzing the price movement on the charts, you can identify key levels and patterns that may indicate a potential trend reversal or pullback.
One possible short trade setup could be to wait for a bearish candlestick pattern to form at a key resistance level. This could be a shooting star, a bearish engulfing pattern, or any other bearish candlestick pattern that you are familiar with.
Once you have identified a potential setup, you can use appropriate risk management techniques, such as placing a stop loss above the resistance level, to limit your potential losses if the trade goes against you.
Remember, trading always involves risk, and there is never a guarantee that a setup will work out as expected. It is important to always practice proper risk management and to only risk what you can afford to lose.
Nifty live trading videoAs i had already explained on last Friday Youtube video. We will see a fall/selling/profit booking on Monday (13-Feb-2023) and after that we will again see a bullish movement up-to 18100 (next supply zone).
Means 2-3 day Nifty will be bullish and price will try to reach up-to supply zone.
Nifty spot chart analysis for 21.11.2022Nifty is standing just under a strong resistance zone of 18302 to 18393.
if nifty moves above 18393 then it may also cross 18444 and may reach 18493.
between 18493 to 18547 is an Extremely strong resistance.
if nifty crosses over 18547 then it may also cross 18599 and may reach 18651.
if nifty moves down from where it left off then it may also cross 18302 and may reach to the level of 18259.
if nifty moves down below 18259 then it may take support on 18210.
If nifty crosses down 18210. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 18599 tomorrow and reach higher levels.
Nifty Live Chart Update Nifty Todays Important Key Levels to Trade
Nfty - Max Pain - 16900
Nifty PCR ratio - 0.739
As Per Open Interest Maximum Open interest at Call Side 17000 It will Be Major Resistance for Nifty
As Per on Nifty Chart - First Support at - 16815 Second Support at - 17760
As Per on Nifty ChartAnalysis - Resistance at 16967 Second Support at 17080
Try To Buy Put Near Resistance and Buy Call Near Support
Nifty Forecast For Today | Neowave ForecastNSE:NIFTY
Hello Traders
We have come up with new feature from this week, we starting intraday forecast for both nifty and banknifty. In this chart i have added short term degree which will help you in finding out medium term degree direction.
As all of you know if you have watched my video or chart how to read neowave chart. you will know that every neowave structure is made up of smaller structure for example M series is made up of S series and L series made up of M series.
Just see the below chart example here for this purpose.
Now lets compare our medium chart and short term chart for you.
This is an medium chart of nifty which i published few days back in this i indicated of MC-4 wave finishing near that area, but it will be only activated if price goes above the line 17663 i have indiacte this with an arrow.
But now i have added and short term degree count which with you can find out medium degree structure is completed or not.
If anyone has anyquery related to this or any other chart. if you need anykind of help in trading please leave a comment. Like and share the idea if you love it.
Thank you everyone