hii all.. Greetings! I have prepared the Nifty EOD analysis the most simplest way I can. I hope for all its easy to understand. Be careful in trading nifty now, as it has entered in over bought zone. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small...
1. Nifty made new ATH on friday with very strong closing 2. Market has no resistance now 3. Suitable trade set up in only buy on dips from intraday to positional trade 4. Trade only at support areas with 15-20 points SL and reward upto 1:4-5 RR trade set up for intraday 5. No random trading
If you had witnessed yesterday's 13.15 hourly candle that took out 95pts ~ 0.49%, you would not have guessed Nifty will rebound today. At least I did not expect. I was having a bullish bias on nifty50 which you can understand from the report yesterday, but the bullish PUT spread carried forward from yesterday had an unfavorable risk reward. I made up the mind to...
Nifty will be gap up opening in today's session. After opening nifty sustain above 19460 level and then possible upside rally up to 19580 in today's session. in case nifty trades below 19420 level then the downside target can go up to the 19300 level.
Dear All, Yesterday was another day of witnessing a major supply from upper levels in Nifty. After which, we can now observe a red candle on the chart once again. Today, being the last trading of the week, we have to specially mention about the weekly body pattern, formed until yesterday, which is like a Doji formation. So, observing a Doji after...
hii all Greetings! it has been seen that nifty has been in kind of a range from 3 Jul 23 to 13 July 23. Range is 19250 - 19570 Currently my view on nifty is neutral. nifty is following a trend line and the pace is very slow. Trade with caution now nifty also seems to me in a little over bought zone. Thanking You Important Things 1. This is only for...
Indian market are forming new ATH but are unable to sustain at the higher levels. On the daily time frame, the market has formed a red candle at the higher levels and is still respecting 19400 levels. Market opened gap up and gained an up side momentum in the initial hour. The market consolidated on the higher levels and there was a sell in the second half losing...
Dear All, As Nifty made a low of 19361.75 and a high of 19507.70 yesterday, it is very apparent how Nifty is still confused between the levels of 19300 and 19550, just as we had stated yesterday itself. Now as the Result season is on, so it is better to be stock specific. Besides, since today is the day of weekly settlement, so we also have...
Nifty Important intraday levels to watch for 12-07-2023 # Support : 19420 Short if candle closes below 19420 # resistance : 19460 Long if candle closes above 19460 #Targets on downside after break of support. Target 1= 19360-19350 Target 2= 19300 #Targets on upside after break of resistance. Target 1= 19500-19525 Target 2= 19585 Follow us for more...
Good morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market...
Dear All, After observing yesterday’s Market, we can see that the fight between the bull and the bear is still on. So, in order to witness a further uprise, we need to witness a fresh new closing from Nifty. Where, on the other hand, if Nifty breaks the level of 19300, then it can take a pause at around the level of 19200. Overall, we now need...
NIFTY Trade Plan Logic & Rational 1. Overall trend is up & made all time high of 19K + 2. Good levels are identified for long position 3. Expected at least 2:1 reward ratio 4. Big move already happened at marked levels 5. Wait for the price to reach the entry level Trade Idea & Setup View: Long | Bullish Entry - 19026, Target - 19443, Stop Loss - 18817 ...
The FASP for Nifty is listed for 12-07-2023. 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...
Observations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying...
Dear All, So, yesterday we had observed how Nifty took a pause, after a beautiful rally. For now, it is being expected that until Nifty is above 19200, it can somehow show us a further rally in the Market. So, in such a situation, with the stop loss of 19200 and 18700, be stock specific and keep following the Cherry picking strategy at this new...
Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute...
Dear All, In the previous week, we had overall witnessed a mixed momentum in the Market. Where on the one hand, Nifty had made a Fresh New High of 19523.60, and on the other hand it also showed us a significant supply pressure. Although, this supply pressure witnessed at the upper levels, in the previous week was quite natural, as the Market was at...
Nifty has formed bearish price action, be cautious on buying particularly for tomorrow. Expectations: Volatile Day Intraday Levels: Buy Above - 19540 Sell Below - 19460 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team