Nifty Trading Plan & Levels For TomorrowNIFTY showing signs of bullish momentum after a good breakout on Friday's last hour , 15,500 remains a crucial SL level for the long trades in NIFTY.
Expected levels to be tested in NIFTY will be 17,800-850 range . So we can create a long position on pullbacks with the SL and Targets mentioned .
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Niftyoutlook
Nifty Daily analysis on 02 March 2022Nifty is formed a double top chart pattern and presently it is at a very crucial level of 16800. Due to outbreak of war in Ukraine and NATO involvement in it on the behest of US and likelihood of LIC IPO getting delayed, there will be a negative sentiment in the market and If it breaks the crucial level of 16500(Plan to sell below it , no buying today) there could be a downfall till 16200 and further to 16000 levels initially. Later within 7 to 10 days it may then touch 15500 levels too as I had said in my last idea, please check that out too. Thanks for your time :)
** Nifty & Banknifty Trading setup for 19 Jan **
Market Analysis for 19 Jan 2022 (Wednesday )
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* Nifty 50 *
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Support Area Resistance Area
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1st Support Area : 18051.60-18075.15 | 1st Resistance Area : 18153.16-18170.39
2nd Support Area : 17949.06-17973.65 | 2nd Resistance Area : 18270.05-18291.17
* Nifty Bank *
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Support Area Resistance Area
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1st Support Area : 38031.64-38098.74 | 1st Resistance Area : 38396.48-38480.75
2nd Support Area : 37705.30-37798.27 |
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Expectation : As for tomorrow expecting a flat negative market.
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If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
Daily Analysis Nifty & Bank NiftyAs a follow up discussion with our view presented yesterday in NIFTY and Bank Nifty we are discussing the Alternate possibility along with sticking with present view and trade plan.
WISH YOU A HAPPY TRADING
Disclaimer:
We are not SEBI registered advisory and views presented are personal views and if you want to trade based on these views please consult with your SEBI registered Advisory.
Please access risk involved in each take and take your decision considering your risk appetite.
Bank Nifty & NIFTY Trade PlanIn continuation of our earlier view on Nifty and Bank nifty so far are inline with moves expected and still in trade, Now we are again having an opportunity to initiate sell trade in both Indices before we reach at Wave ((C)) black in both the indices to complete the corrective move started from 19-OCt.
once we are done we will be initiating BUY trade for enchasing next upcoming larger Impulsive cycle.
However till than since we have got confirmation on Bearish sequence we are also initiating Sell position as mention in this VIDEO.
Wish you a Happy Trading and if you like his video please give likes, share your comments and follow us for more update.
WaveTalks- Nifty: Piercing Candlestick PatternWhat Is a Piercing Pattern?
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A piercing pattern is a two candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. This candlestick pattern is applicable in any time frame but produces better results on a higher timeframe. The pattern includes the first session opening near the high and closing near the low with an average or larger-sized trading range. It also includes a gap down after the first session where the second session begins trading, opening near the low and closing near the high.
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Important Pattern Criteria
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The 2nd session close should cover at least half or 50% of the 1st session candlestick.
Getting 50% & above closing into the 1st session indicates- bulls have taken control of the session.
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Stop Loss
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Stops should be maintained below low of the candlestick in 2nd session. In current situation – 17587
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Critical Zone
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17590-17600 was discussed in last video idea published as running comment. If critical zone holds then Index has fair chances for a new all-time high once again.
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Target
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Target 1- 17700 & Strictly Holding Above 17700- We can expect 17790+ for another new ATH (All-Time High) as Target 2.
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Last Video Idea Published on 16th Sep2021- WaveTalks: Nifty- On Cloud Seven
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