Nifty: Juicy Trade is almost Over Hello,
Nifty: Strong Supply Zone @ 12200-12225
Make or Brake Level @ 12100-12115
Strong Demand Zone @ 12030-12050
Nifty fall from above 12400 to 12100 and this fall is very sharp. Whenever it will conform it's bottom recovery will also be very sharp. Now juicy trad is almost over.
If tomorrow it will sustain below 12100 then it may test it's strong demand zone @ 12030-12050.
If it will sustain above 12100 then it may test 12140-60-80-12200.
Thank x
Trade well
Niftyoutlook
No Update in NIFTYHello,
As i mentioned in my yesterday post that I will sell Nifty if it will sustain below 12225. Today Sold 12300 and 12250 call as per my plan.
I have also mentioned in the comment that there Nifty will fill the gap between 12130-12030 in coming days and it should make new bottom above 11930 or 12000-12050 zone.
Short Term View is: 12300 is a Very Strong Supply Zone. 12000-12050 is strong demand zone. Still Nifty is bullish in higher time frem.
Intraday View: Minor Demand Zone @ 12160.
Strong Supply Zone @ 12200-12225
Very Strong Supply Zone @ 12300
Trading Plan for Tomorrow.
I will take a short position If Nifty will come to 12200-12225 and 12300.
I will take a short position If Nifty will sustain below 12160.
I will avoid to take a long position.
Thank x
Tread Well.
NIFTY: Where to take a fresh short entryHello,
As I mentioned in my weekly Nifty post that if Nifty will sustain below 12290 then I may take short position.
Today with volume NF broke 12300 level and closed below that. Now Very strong Demand Zone @ 12000-12050.
Now in any case If Nifty will come to 12270-12300 then i may take a short position.
If NF will sustain below 12225 then I may take a short position.
Major Points in Nifty Weekly ChartHello,
Bearish Harmonic pattern is created in the Nifty weekly and daily chart. Nifty is taking support from its major trend line from Feb 2016. Major Demand Zone on weekly chart @ 11800-12050.
As i explained in my today's Bank Nifty Weekly Analysis post that I take my trading decision on the basis of price not on the basis of any indicator or pattern.
Let's come to the point. If you see Nifty from 10600 in higher time frem, it is making higher high and lower lows.Nifty is showing time wise correction in the 11280-11400 zone. I believe that Nifty one small correction near 12050 level is pending but once it will sustain below 11280 level then I may think for this point.
Conclusion is that Nifty is in bullish trend all higher time frem. Trade in option writing in the sideways zone and buy or sell Fut when breakout or breakdown happen in lower time frem in the intraday.
Thank You
Trade Well.
Trading Plan for Nifty Nifty Long term trend is Bullish but It is entering in the sideways zone and may be short term correction will is possible.
Plan A: If it will sustain below 12220 then I may short 12300 call.
Plan B: If it will sustain above 12310 then I may buy NF Fur for the target of next supply zone.
Nifty Trading PlanPlease find demand and supply zones in the chart
Plan A: If NF will sustain above 12200 then I may short 12100 or 12150 Put or may long Future for the target of next supply zones.
Plan B: If NF will sustain below 12200 then I will wait for 12150 or 12100 level. If it will come to these levels and sustain above this then I will take long position.
Plan C: Avoid Short
Nifty Expiry Analysis Nifty Analysis
As I have mentioned in my earlier posts Nifty target 12195-12238 zone target is done.
Tomorrow I will buy Nifty if it will sustain above 12240.
I will avoid short even if it will trade negative.
After so many weeks I may not make any position in option writing because both side option writing is safe in a sideways zone.
Supply and Demand Zones are mentioned in the chart.
NIFTY:Waiting for the right level for Long PositionPlan A: I will buy Nifty if it will come to 11980-12000 zone and if it will Sustain above 11980
Plan B: I will buy Nifty if it will sustain above 11120-11140 Zone
Plan C: If it will come to 11980-12000 but not able to sustain above this zone then
I will wait for a dip to 11900-11920 zone.
tgram at swapnilcofficial
Nifty: The buyer will use every correctionPlan A: Fresh Entry Zone:
-- If it will come to 12055-70 and will sustain above this zone.
-- If it will come to 12020-12035 and will sustain above this zone.
Plan B: NF is trying to come out from the sideways zone. So Both Side Option Selling is not this option
and it may be risky. This is a buy on dips market.
Plan C: Avoid Short Position. The buyer will use every minor and major dip for a long position.
tgram at swapnilcofficial
NIFTY: Detailed Data and Price Action Trading Plan NIFTY: Detailed Data and Price Action Trading Plan
Plan A: If it will not sustain above 11940, I will prefer to go short.
Plan B: It will sustain above 11940. I will prefer to avoid one side trade. I will take a position in option writing
because in this case, it will be sideways in 11900-12000 zone.
Nifty - 2 Months point of viewPersonal View Only :
Nifty current rally is quite strong with some healthy consolidation possible till 11370/11176. 11100 - 11176 may offer major support.
Unless this is broken on closing basis, rally may continue. So 11100 is strict SL level for bulls.
Quite a good earning season and any trade deal may bring more momentum to this rally.
Around 11750-11800 level is the double top. If nifty reaches there, some consolidation possible.
Breakout from double top may lead to 400-500 points rally for nifty.So overall 12200-12500 is the possible nifty level for May.