Nifty 8th May 2023
Private sector banks are being dragged down nifty. Specifically HDFC twins.
Market can be range bound between 18045 to 180145.
Buy above 18147 (18100 CE) Target 18184,18367
Sell below 18045, (18100 PE) Target 18002,17944,17887,17858
Nifty weekly candle stick pattern indicates Head and shoulder pattern as well.
Niftylong
Nifty View For Tomorrow 21-4-2023As Per 1 hour time frame from last 2 day price has been trading between 100 point range 17580 -17680 While 17680 Resistance For Nifty and 17580 Support For Nifty .
Fresh Buy Above 17680 For Target 17750
Sell Below only 17680 For target 17500 And 17500 is 200 EMA in 1 hour Time Frame ..
Disclaimer :- Trade With Your Risk management.
NIFTY : Levels for 25th AprilNifty traded same as per our view shared yesterday on video & tradingview. Today its stop at resistance zone and now its important to break today's high for Nifty. I cannot find any seller pressure yet on chart.
I will follow price action and levels from chart
I have given my personal view on this video for Nifty & Bank Nifty.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal view only.
Nifty Uptrend movement potential upto 17700 in 15 min timeframe.Nifty Uptrend movement potential upto 17700 in 15 min timeframe.
Time frame:Day chart
In higher time frame, Nifty is on downtrend movement.
Check the moving average and Macd Indicator, Moving average 20 is below moving average 40 and MACD, the value is below zero. So, Nifty indicates downtrend movement in higher time frame.
Time frame :15 minutes
In 15 minutes ,the value of the Nifty breaks out of the parallel channel and is going up Trend up to 17700.
Check the MA & MACD. THe value f MAC is above zero.Moving average 6 is above MA 20 && MA 20 is above MA40.So, this indicates Uptrend Movement in a lower time frame.
Hope our analysis is adding value to your TRADING JOURNEY.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
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.
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.