Nifty 50 Support & Resistance levels for Tomorrow>Chances that Market will Retest 18000 level then grow up to 18200 level else if market gap open and touches 18200 level then will come down upto 18000 levels.
>Immediate Support is 18000
>Immediate Resistance is 18200
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
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Niftylong
Nifty may surprise coming weekOn a daily chart, Nifty closed below important support level, i.e. 17800,
As today was monthly expiry , from last 7 days there were heavy sell off by FIIs, From tomorrow we may expect either stop selling or start buying, hence, We may be surprised tomorrow,
If Nifty opened above positive and sustain above 18150, we can expect 18900 by 3rd Nov 2021 expiry. But if it continued trading below 17800, Next support level would be 17440,
Suggestion - Don't take any position till Nifty crosses 18200 or break 17700
Happy Trading
NIFTY SPOTNifty spot chart is in wave 3rd of wave 5th, key levels are mentioned on chart, those levels and direction view could be helpful in trading.
Disclaimer
i am not a sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
NIFTY : waiting for 18151NIFTY :
As per Nifty Chart, if its sustain above 18062 for some time we may see 18151 as a first level. If unable to sustain at this level we may see 17900 once.
This is for educational purposes only and my personal view. Please check from your end before entering in to trade.
Please Like and comment for more & regular studies for Nifty, Banknifty & Stocks.
#NIFTY Intraday Support and Resistance Levels - 08/10/2021NIFTY will open slightly gap up today. After opening if it's sustain above 17790 level then expected upside movement upto 17860+ level. It will face crucial resistance at 17860 level. Strong upside rally possible if nifty gives breakout of this level. Downside only possible if nifty starts trading below 17750 level in today's session.
TARGET HIT : NIFTY HIGH PROBABILITY LONGToday the Indian markets showed very good bullish momentum in the second half of the trading session. Our entry got activated at around 2:05 pm and we even hit T1 .
We could have hit T2 as well but our entry got activated very late and that is why the markets did not have enough time to move up from our entry .
Tomorrow if the market opens gap up then we can surely hit T2 and might hit T3 as well .
NIFTY HIGH PROBABILITY LONG Today the Indian markets showed very good bullish momentum but it faded towards the end of the session due to mixed global cues and the market formed a symmetric triangle by the end of the session . If the market opens gap up tomorrow then nifty has to face a very crucial resistance at 17772 . If nifty manages to cross this level then we can see good bullish momentum in the market . I had given the same levels for the previous expiry but our trade did not get activated as nifty could not even touch the resistance .
T2 is a very important resistance as well so we need to stay cautious near T2 . Targets can also be booked near T2 if nifty shows weakness near it .
There is no fixed time for when the trade will get activated but I will be updating it on this post .
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
NIFTY ANALYSIS: EXPIRY LONG TRADEToday the Indian markets showed bullish momentum in the second half of the trading session but could not break an important resistance . Looking at the global cues right now , our markets are most likely to open gap up tomorrow . So if tomorrow on expiry day , the markets cross the important resistance of 17772 then we can see good bullish momentum in the markets .
The targets given are intermediate resistances and trailing stoploss should be used once you have entered the trade . T2 is particularly an important resistance and cautious approach should be used near T2 .
You can also enter the trade if the markets directly open gap up above our entry tomorrow.
ENTRY: 17772 (15 MIN CANDLE CLOSING)
T1: 17822 (EASY TARGET)
T2: 17883 (PREFERRED EXIT)
T3: 17940 (IF MARKET SUSTAINS ABOVE T2)
NIFTY INTRADAY BUY LEVELCurrently, in this choppy market like today, buying at supports and exit at resistance is preferred.
Here, in my opinion, the best level to go long again in nifty is 17780, where put writers will support as well as XABCD reversal level will support.
Be patient and do not jump in option buy positions as today is Friday. You shouldn't be stuck until Monday to exit.
17780 level may not come today but it will have a better risk-reward ratio and is good for positional trade as well.
Happy trading :)
This is just for educational purposes.
TARGETS HIT!! NIFTY EXPIRY LONGITS RAINING PROFITS TODAY!! 🤑🤑
Earlier I posted a Nifty expiry long trade and all the levels worked like wonders today. Nifty opened directly at our entry level and I updated on the post saying that we can enter the long trade as soon as the markets open . We captured about 80% of the move in the market today and hit our targets as soon as nifty hit the all time high. I exited my option trades at our 3rd target . Over greed is also not good in the markets and exiting the trade was very important at our T3 .
NIFTY EXPIRY LONG TRADE Nifty was in complete consolidation mode today and the markets just ended flat with a minor decrease of about 0.10 percent . A very important resistance to watch out right now is at 17663 . A long trade in nifty can be initiated when a 15 min candle closes above this resistance and huge targets can be achieved on intraday basis . Each target given in the setup is big and that is why strict trailing stoploss should be used after we hit our targets one by one .
T1 (17711)
T2 (17756)
T3 (17785)