NIFTY : 20 MARCH@NIFTY50 today support and resistance,
S1 - 16956 ,
S2 - 16850
R1 - 17152
R2 - 17315
Global News:
*UBS in talk with Credit Suisse , Complete take over of Credit suisse for $1bn dollar - Postive news for banking
* Warren Buffett in talk with fed - regarding banking sector collapse.
But in contrast - Banking sector needs external support to survive - negative for economy. Further collapse of any banks will impact market.
Feds aggressive money printing during corona and currently aggressive interest rate hike may dent financial sector to some extend.
Can see, intraday bullish but long term is unpredicatble.
Niftylong
NIFTY 50 - MONDAY 20-03-23In the last few days, the Nifty50 has found support near 16800 and has risen to 17123. The hourly chart shows that Nifty's support level is around 16985-86. So, I'll keep my long position until the Nifty crosses 17000. According to my forecast, the index will reach 17250 within the next few days.
The SGX Nifty is down significantly on Friday. The market is expected to open lower on Monday. However, it is an opportunity for swing traders to open a new long position.
This video is for educational purposes only. Please make any investment decisions after consulting with your SEBI Registered Analyst or advisor.
FASP levels for Nifty 02/03/2023The FASP for Nifty is listed for 02-03-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Nifty no brainer ideaWe are in modern world with access to history on our finger tips.
Look past data around 200 EMA, Nifty is exhibiting same pattern as shown in history.
In coming one two days, Nifty will come closer to 200 EMA but not touch it.
Use this time to invest. As we cannot 100% predict the market. We can use risk to reward in our favor.
Go to chartink to search shares above 200 EMA -->
( cash ( latest ema( latest close , 200 ) >= latest low and latest ema( latest close , 200 ) <= latest high ) )
Remember there is not perfect time to enter the market. According to me waiting for 18000 will be like letting the shares regain all there value.
If 200 EMA is broken and taken out by the next candle, we will need to respect the market and give our stop loss.
But if you are experienced trader you know thoda risk lene pe hi reward he.
I am not a SEBI registered trader. Only for education purpose. Consult your financial advisor before investing.
FASP levels for Nifty 01/02/2023The FASP for Nifty is listed for 01-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 23/01/2023The FASP for Nifty is listed for 23-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
nifty 50 Weekly overview from 16 Jan to 21-01.2023 full bullish Weekly Analysis 16-21 Jan 2023
Trend will be Bullish (80% Chance)
Reasons & Knowledge applied
1. uptrend Confirmation
with Volume Support
2. Type 2 Strategy of Uptrend
3. Price is Above on Fib 50% Level
Major Week Support 17900 & 17760
Major Week Resistance 18140 & 18390
above 17880 full bullish
before entry just check Volume
should be high from prev candle 15min
Below 17760 full Bearish just check
volume confirmation like above
Educational Only Support
For Intraday use 5,15 Min Time Frame
for BTST Swing 30& 1Hr Time Frame
Note For Intraday use VWap indicator above vwap buy only after retracement eg assume vwap line in on 17880 and nifty is trading something around 17920 so this mean price is all ready above vwap line mean trend is up but we can't enter directly at 17920 because you guys already knows that price travel in swings zig zag patter so we will wait the price to down near about vwap line. then we find reversal pattern near at vwap line (reversal pattern bullish pattern with volume confirmation eg bullish engulfing pattern etc) then we should trade for uptrend . its opposite is true for downtrend.
Before Entry check basic of uptrend like higher high and higher low, for down trend low and lower highs. as you know in lower time frame trend may be change instantly,
i will publish more ideas in future if you guys support me.
Advice : if you are beginner with just around 1 year experience in market then do practice of uptrend and downtrend basics on live market without put your hard earned money. have a good day
FASP levels for Nifty 16/01/2023
The FASP for Nifty is listed for 16-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 09/01/2023The FASP for Nifty is listed for 09-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP Levels for Nifty 06/01/2023The FASP for Nifty is listed for 06-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Nifty - Potential upside tomorrow, current PA of higher lowsNifty has been forming higher lows and is currently in a bearish wedge pattern. But it has stayed afloat above 18200 after multiple drops below it which was the retracement level of overall trend from 18887 to 17774.
So bias is long since it is holding the level of 18200 and there are multiple supports below. If Nifty opens flat potential upside towards 50% (18330) and 61.8% (18460) is a possibility. If gap up at 18330 region then waiting for PA is advisable.
FII option data also indicates heavy call buying of around 87k quantity. So all factors recommends a long position.
However, since Nifty is in a bearish wedge pattern there is a possibility of downside if the wedge breaks. But shorting immediately has less probability of being successful since Nifty has multiple supports. So waiting for a potential inverse N pattern or a possible retest of wedge is advisable before going short. Target could be around 18080 which is the 38.2% retracement for the upmove from 17774 to 18265.
Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NIFTY 50- RALLY ATTEMPTRalLy Attempt -
A Rally Attempt starts the 3rd day the index closes greater off the most current Correction (also regarded as Downtrend). During a Rally Attempt, we are on the lookout for a Follow-Through Day to verify trend has reversed and we have entered a Confirmed Uptrend. A Rally Attempt fails and the index goes again into a Correction if it undercuts the most latest low.
Downtrend
index commonly goes into Correction when the wide variety of distribution days in the last 5 weeks rises to 4-6 . The index has usually declined 5-7% or extra from its current high. Also, the index most in all likelihood breaches its 50-day and 200-day Moving averages. Investors need to keep away from new purchases, and increase cash. This is a proper time to construct your watch listing of fundamentally-strong shares that you would like to personal when market circumstance improves.
A Confirmed Uptrend-
Market reputation shows the Nifty is in an uptrend. The uptrend starts offevolved with a follow-through day or when the index reclaims its preceding uptrend high. At this stage, the index is now not displaying signs This is the best time to be searching out for essentially suited purchase points.
A distribution day -
It is indicated by means of index such as the Sensex / nifty closing down 0.2% or greater on greater Volume than the preceding day. Distribution in the stock market refers to the increased selling of stock by large institutions, 4 to six days of distribution over a length of five weeks are frequently adequate to flip a beforehand advancing market into decline.
nifty londnew trend in this market arises with sudden bullissh start of todays candle this is going to be 5th wave of elliott 5th wave as bullish . get ready future option persons . buy nifty stocks may be best bullish thing for stocks .maerk the sl for kind of sure its my opinion i am not any financial institute person its all just my elliott experience says .