nifty is quite strong so buy on dips buying range is anywhere between 17150 to 17200 stop loss is below 17050 target can easily be 17500 or even 17600+
There 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.
Nifty has closed all time high on daily Time frame, any gap up on 30th Aug will lead the Index to touch 17120
upcoming possibilities in nifty 50 as uh can see i marked levels it will going to take support on 16600 its my view n will bounces from that levels one can take positions with our own RR in buying side ....tQ
16600 good level to watch out............ detail analysis in video
Nifty Seems to respect Megaphone Pattern and it will be slight bullist till the resistance area above . The move will be slow hence it can be used as slightly bullish view. Above the target levels there is still a stiff resistance so we can't be heavily Biased bull . Option writing of Puts can be done in this view point and Option Buying of Calls should be avoided...
Volatile start for the week! Gap up- downward trend in the first half - closing in positive. Currently, we can see a symmetrical triangle and breakout/down can happen, with the immediate range of 16587 and 16373. 21 and 55ema are also closing in. Option buyers should stick to buying ATM strikes and should maintain tight SL
I have shared my view about Nifty. On the bases of our indicator analysis there is a bullish candle closed on weekly chart also get a long signal. so as per our analysis there is also a breakout in last week & nifty is also break lifetime high so my view is bullish and my minimum target is 1:2 or till the long signal appears on chart or my stop loss is below last...
Hello Everyone, As expected Nifty gave strong move after breaking out of resistance zone and as updated yesterday the nifty become mega bullish above 16400 & now we can expect move towards 16500 during the intraday so any deep can be a buying opportunity. Only for Educational Purpose.
Nifty Futures hourly chart A clean and clear double bottom (purple path drawn). Target according to Fibonacci is 16518 16281.60 (also the closing of today) is a strong resistance.
Hello Everyone & Lets have a look at the Nifty chart on intraday prospective. Nifty approached the support zone and we might expect bounce back from the support zone. Break Below we might see the further down move. Only for Educational Purpose.
NSE:NIFTY Simple Trade Level for NIFTY. It has support Zone from 16175-16212. Scenario 1 If it open between 16233-16275 then buy trade can be initiated above 16275 breakout only. And For sell trade Better take it after breakdown of 16175 level. Scenario 2 If it open Gap up above 16300 level then better to wait and let it take support from 16300 or 16275...
Nifty is moving in Parallel channel pattern. Today low is made at bottom line and taken very nice support. We may go long here for Target close to 16000 again with SL below 15680. Holding period week.
We saw a running correction yesterday. The points to note is thta Nifty took support at 50 DEMA and closed above it in 4 hour charts. There is a reversal in MACD and RSI in the 15m charts as well. My suggestion is buy for target of 16000 and 16150.
NSE:NIFTY This is Gap Down Scenario-1 for NIFTY . Level and Target are mentioned on Chart. Take Long (CE) First Entry in range of 15630-15635 Zone. Target and SL mentioned in the Chart. Tale long (CE) For the 2nd Entry, the range will be 15700-15710. Target and SL mentioned in the Chart. Don't hold current week expiry. And don't chase for big upside...