#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.
Niftylong
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)
NIFTY / WHAT IS NEXT TARGET ??????NIFTY as per analysis we already says wait for break 17440 so now NIFTY breaks the level of before gave so next target will be 17600 and sec target will be 17700
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Triangle Pattern Breakout in NIFTY expected 17480+ New High.In last trading session, Nifty gives breakout of triangle pattern. After this breakout possible NIFTY will continue its bullish rally and expected new high 17480+ in next few trading session. Can go long in NIFTY with very small stop loss at 14320 for target of 17435 to 17480+
NIFTY TRADEING SETUP VIEW|08-09-2021As Describe In Chart
Trade Accordingly.
Support And Resistance
Lines Plot On Chart.
Once You Buy or Sell
Then Always Book Partial Profit.
Do Not Wait For Final Target.
Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side.
Thanx.
NIFTY SEA PONY & SEA HORSE PATTERN IDEAThere could nice bounce in NIfty if the price manages to sustain above point C of this pattern.
The targets and stop loss are mentioned on the chart. Please wait until confirmation to go long. Stop loss to be same as cost, because stop loss for momentum trade could more here.
Below point D price goes to test the demand zone below.