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...
As 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 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...
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...
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...
Good to Buy if Closes at leat 30 min Candle Above - 17639 with (stoploss if any 15 min. Candle Closes below 17620)
if sustain below 17620 Good for sell or buy Put option stoploss if any 15 min.Candle Closes Above 17640