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Niftylong

Nifty 12-2-21Nifty Spot Charts Nifty seems to have respected the support at 15050 and if so, correction might justbe over now. Daily charts have an uptrend with a new support at 14950 levels followed by 14800 levels thought I can't find a good reason to say that Nifty might test these levels. Data 15200 is a very critical level with an Open Interest of 1,453,500 in ce 15400 is the next resistance level with an Open Interest of 811,275 in ce followed by an Open Interest of 943,275 in 15600 ce. 15100 maintains as a strong intraday support with an Open Interest of 1,345,800 pe 15000 should be the next and a very strong support with an Open Interest of 1,338,375 pe So Nifty might just hang around at 15100 to 15300 levels for a while before it attempts to break 15400. Gist: We are seeing an uptrend so the strategy remains buy on dips.
NSE:NIFTYLong
by virralthakkaar
📊#Nifty intraday levels for Friday 12-02-2021NSE:NIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. even one use their own trade setup with these levels. everyday levels are different and same way the candles which gonna be formed on support or resistance can be different so cant say here perfect numbers to buy or sell or stop loss . hope one can understand that better to trade with own wisdom in live market even check future chart as well for better profitable trade. ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
NSE:NIFTY
by linesandlevels
Very strong support on Nifty*Study of spot levels The entire world seems to be losing strength. The markets are rising but the speed and strength and this may indicate some correction. Now, even if there is a correction, Nifty has found a very strong support at 14725. That is a good 400 points from where we stand right now. This gives us an idea of the maximum risk that bulls are looking at in this level which is not too much in regards with what profits can be. There is no resistance level to count for so yes, sky is the limit. I am more of a bullish individual so for me, every dip is a buying opportunity!
NSE:NIFTYLong
by virralthakkaar
Nifty*spot level study 14800 to 14900 levels are where bulls should enter. Why wait is because the RSI is in the overbought range on weekly charts. The gap between Moving averages / trendline has been covered quite a bit yesterday as MAs moved up. The base level shown on the daily charts today is at around 14460. This level is a support if there is a major correction which we have no reason to expect at this time. Going back to history, Nifty rose from lows of 13131 on 21st Dec up to 13596 till Jan 21. This is a 1600+ point rise before correction happened and Nifty fell to 13596 from 21 Jan to 29 Jan which is a good 1100 point correction. *As on 9th Feb, we are trading at 15159 which is a rise of 1563 points and today we might reach 1600 point level. Keeping the history in mind, bulls should step back and watch as of now. Keep liquid capital handy and follow the buy on dips strategy.
NSE:NIFTY
by virralthakkaar
NIFTY - buy on dipsRSI on the weekly chart is above 70 which is an overbought range. As seen in the past, Nifty has to correct itself to get RSI back in the trading range. Trend is bullish so I don't recommend any short positions but the strategy should be to buy on dips. First support is at 14900 levels so one can buy at 14950 levels with strict stop loss. Another very strong support is at 14800 levels. As I have mentioned above, the trend is bullish so I wouldn't expect a drastic correction anytime soon. Weekly charts have made a very strong bullish engulfing candle which indicates that there is a lot of underlying strength unless something goes drastically wrong.
NSE:NIFTYLong
by virralthakkaar
NIFTY COMMENTARY by Kiran WEEK 24 , STAY CALM, ENJOY THE RIDE..Hi friends, This is one of those great times, which give opportunities for both bulls and bears... especially for traders. So, sit back and have 🍻🍺🍺 and enjoy the ride... I will with go for the confirmation of trend so the option is 2 BUY HOLD. Your humble trader KIRAN If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks. follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
NSE:NIFTYLong
by KiranSunku2016
Nifty might be heading towards a small setback.Nifty50 Why am I waiting or why am I doubtful? 1. The candle in daily chart made today closely resembles bearish doji. 2. The distance between candles and trendline seems a bit too much. 3. Even the distance between the candles and 20 day EMA is of around 500 and the 20 day EMA is at 14375 levels but the prices closed at 14925 which, according to me is not healthy. 4. The uptrend in 5 days, from 1st Feb is almost 1200 points which makes me expect a correction will about 14400 levels. Now coming to weekly charting which has some very strong bullish signals. 1. The candle this week is a very strong bullish engulfing pattern but the RSI is crossing 70 on the upper side which also indicates an overbought range. 2. Again there is a support being seen at 14400 levels in the weekly charts as well and the next support levels are lower at 14000 and 13700 respectively. *Such strong bullish pattern assures that the trend is uptrend but the daily charts do indicate that there is an inflation. So, my entire study tells us to wait for a while and figure right bottom before we go long.
NSE:NIFTY
by virralthakkaar
Is Nifty entering the Bullish Trend now?28th Jan 21: The first support, 50 day EMA is around 13670 - 13700 range. Nifty 50 has broken uptrend line yesterday on daily charts . Nifty 50 has created a new downtrend yesterday in intraday charts. 29th Jan 21: Can buy NIFTY1! with a stop-loss of 13850 for intraday as intraday charts are showing a positive momentum movement. *Stop-Loss triggered but the prediction was 100% correct as we can see what Nifty50 did on 1st Feb 21. If you see the daily charts of Nifty50, you will see a pattern which we call the 'Bullish Flag Pattern' which was broken yesterday (check the trendline on candlesticks). Global markets are supporting so I will let go a small double top that Nifty50 has made on the daily charts. Double top is basically a bearish pattern but I don't see any reason for Nifty50 to start a downtrend again. The main trendline (blue) is uptrend but a correction was long due which we saw in the past week but the daily candlestick made yesterday shows a reversal. Now turning our attention to RSI, we have crossed the 50 mark with strength yesterday. We are expecting a gap-up opening today as well which means that even RSI will positively break the temporary trendline. Nifty50 also overcame a very strong resistance at 14222 levels which means that this is a new support. Next resistance is at 14480 levels which is very prominent in the hourly as well as on the daily charts. That's my entire study of Nifty50 today.
NSE:NIFTYLong
by virralthakkaar
Bearish pattern on NIFTYNIFTY SPOT Bearish and scary Scary because it is confusing. Read the following: Candles are in a downtrend trading very close to the bottom of Bollinger Bands but It also looks like a bullish flag pattern So now that I've successfully confused you, tell me bring in your notice that RSI is diving which will add weight to chances of a bearish move. Let me confuse you again. 15m charts are side-trended with candles trading at the top of Bollinger Bands Today will be a strict NoTa (No Trade) for me.
NSE:NIFTY
by virralthakkaar
First support for nifty is still far.The first support, 50 day EMA is around 13670 - 13700 range. Nifty 50 has broken uptrend line yesterday on daily charts. Nifty 50 has created a new downtrend yesterday in intraday charts. Short trades can be taken at this level only by very skilled traders. Others can wait and make long positions at dips or reversal. Personally I think that short covering would support the nifty today as it is monthly expiry but don't get fooled by fake signals. I don't think you should enter the market yet if you are an investor.
NSE:NIFTY
by virralthakkaar
NIFTY COMMENTARY by Kiran WEEK 21, WAITING FOR CRASH? 🤣🤣🤣Hi Friends Last week I mentioned NIFTY will give the chance for both buying and selling. It has exactly happened like that. Now lot of traders thinking of crash in the market like last march. But this is what exactly needed for rally. But on the safe side, look at 14k number on nifty, ONCE IT BRAKES 14000 THERE WILL BE BLOOD BATH. So, at this point of time I will consider this is as buying opportunity, to ride the rally. This week I will go for option 1, BUYING OPPORTUNITY. Your humble trader KIRAN If you liked my analysis, just give me thumbs up or comment, it will boost me to analyze more stocks. follow my profile for new trading ideas (kiransunku2016) --------------------------------------------------------------------- The five conditions I watch regularly are. 1. BUYing opportunity 2. BUY hold 3.Wait for trend confirmation 4. SELLing opportunity 5. SELL hold. --------------------------------------------------------------------
NSE:NIFTYLong
by KiranSunku2016
4
Nifty weekly commentary by Kiran * Bubble rally* WEEK 20Hi friends, 2 months back itself I called this rally as bubble rally when nifty is still hovering around 12500. We are now in midst of it. I also called JERK for one day four weeks back. Exactly on December 21st there is crash of 3 percent. WHAT IS LEFT ON PLATE TO EAT in this rally. We will get one more Jerk in coming two weeks because of new strain of corona virus from USA. Grab that opportunity I will go with option 2 which is BUY AND HOLD. YOUR HUMBLE TRADER Kiran
NSE:NIFTYLong
by KiranSunku2016
4