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FASP levels for Nifty 24/05/2023The FASP for Nifty is listed for 24-05-2023. 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.
NSE:NIFTYShort
by SathishChandrasekaran
Nifty - Symmetry suggesting the next big move to 19000-19200?Since March of this year, Nifty first consolidated around 16800-17200 (~400 points) and formed a double bottom with higher low and rose ~1000 points to 17800. Subsequently it endured a minor correction to 17560 and then again moved ~900 points to 18460. And now it is consolidating again in a ~400 point range between 18060-18460. It is displaying completely a symmetrical behaviour and perhaps the next move of about 900-1000 points might come soon which will lead it to 19000-19200. It has already displayed a low (18061) and higher low (18121) on a closing basis on 4hr thus forming a double bottom and currently at the previous swing high of 18300. The overall consolidation neckline is at 18460. If Nifty tomorrow opens above 18300 and clears the previous swing high of 18300 and starts moving up this would suggest that it might go up but the final confirmation of this will only come after 18460 is broken. Looking at the 1hr chart today's PA at the end signals that if Nifty breaks below 18250 it might lead to selling pressure again. So tomorrow and the coming days Nifty needs to be supported by BankNifty which is at ATH and consolidating.
NSE:NIFTY
by DashSam
1
FASP levels for Nifty 23/05/2023The FASP for Nifty is listed for 23-05-2023. 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.
NSE:NIFTYLong
by SathishChandrasekaran
NIFTY OUTLOOK (DOWNSIDE BY 10TH TO 15TH MAY)After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and Fibonacci Retracement) The reason is purely because of Time cycle. As I have posted earlier the exact downside reversal of Nifty starting 2nd December 2022, this current chart is just a follow up of the previous chart. Nifty follows a 55 Days Time cycle for downside reversal where it tops out and falls by minimum 5.5%. All the time cycles are plotted in “Red Vertical Lines” and the tops are enclosed in a “Rectangular Structure”. PREVIOUSLY DOWNSIDE SEEN IN 55 DAYS TIME CYCLE: 12TH JAN 2022 4TH APRIL 2022 13TH SEPT 2022 2ND DEC 2022 20TH FEB 2023 The next time cycle of 55 Days lies in between 10th -15th May 2023. I expect Nifty may start reversing downside in between the above mentioned dates. I am not sure about the price levels, it may be anywhere between above 18100 to 18605. Incase of any confirmation for the price, I will surely update the same in update idea section of this chart. Nifty may consolidate or give a 1% to 1.5% percent fall before the dates but I expect that it would be only to create a new high. The link to the previous study for the downside reversal starting 2nd December 2023 is given below: CHART & ANALYSIS Adarsh Dey
NSE:NIFTY
by AdarshDey
10
Morning Mantra - 19th May 2023Dear All, Once again we had seen the appropriateness of our Morning Mantra update, wherein a bounce back along with some cautiousness was predicted yesterday. Likewise the same was witnessed in the Market yesterday itself, as after a gap up opening in Nifty, a supply pressure was also observed at the upper levels. Overall, Nifty seems to be struggling at around this level of 18200. Besides, it is this crucial level at which there is a fight going on between the bull and the bear. Therefore, we are still with our words that we need to witness a stable weekly closing of above 18200 once again. On the other hand, if somehow Nifty is unable to do so, then we will have to become very cautious and apply another suitable strategy. Till then, Keep Trading and Keep Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 18th May 2023Dear All, So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself. However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious , as today is the day of weekly settlement. So, in such a situation avoid the unnecessary exposure in the Market and wait and watch for a clear cut direction from Nifty. Where if Nifty gives a stable closing of above 18200, then it will be a good sign . Otherwise, with the Rebalancing of the Portfolio , we have to take a smart move for the upcoming days. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
FASP levels for Nifty 18/05/2023The FASP for Nifty is listed for 18-05-2023. 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.
NSE:NIFTYLong
by SathishChandrasekaran
nifty pull back complete?Nifty is on correction path on a uptrend for the last 2 trading sessions. from the last low of 16828 in march 23, the 1st phase of rally was till 17842 ( rally of about 1000 points) we saw a pull back there after till 17553 (about 300 points). if we plot fib retracement then this form about the 0.618 level of the rally. the next phase of rally was from 17553 to 18459( again about 1000 points). in the last 2 days the correction has happened till 18115 (about 320 points) this again is approx 0.618 of the last rally. further global indices are all in green at the time of writing this (DAX, FTSE, NYSE, DoJI), which gives a belief that correction is over and next phase of rally if commencing could take nifty to ATM of over 19000. Having said that any fall below 18030, could see Nifty going into a fall till 17830 and further fall if any will signal a trend revresal. This is my outlook for nifty in coming days and is not a trade recommendation. Please do you own analysis before taking any positions
NSE:NIFTY
by Trade_with_Raghu
1
Morning Mantra - 17th May 2023Dear All, Since “ Everyday is not a Sunday ”, we can say that yesterday was indeed not a day in favour of the bulls. However, witnessing this supply pressure at the upper levels yesterday, had somehow proven our statement of “Rebalancing the Portfolio” , to be absolutely on point, once again. Besides, in this journey of speedy recovery from 16800 to 18400, observing such kind of a supply pressure is quite normal. Furthermore, we are still with our words that with the stop loss of 17800, we are still quite bullish on the Market. Wherein, we have to discount such pullbacks from time to time. As of now, the presence of a Bullish Engulfing pattern on the Day chart of Nifty is somehow indicating that a little more supply pressure at the upper levels, can be witnessed in the Market. Therefore, taking these supply pressures on a positive note, go with the notion of Rebalancing your Portfolio and keep following the Cherry Picking strategy , for now. Happy Trading! Happy Investing! Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
FASP levels for Nifty 17/05/2023The FASP for Nifty is listed for 17-05-2023. 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.
NSE:NIFTY
by SathishChandrasekaran
1
Nifty Trade Plan for 17-05-2023-If nifty opens in the marked range then wait unless price test the marked levels -Trading at random place will only damage capital -if open gap down, then wait for green line reaction on the price, if price sustain below it then look for sell on rise or If price recovers and sustain above it then buy on dip - If gap up then red zone is the resistance area, price can face -If price sustain above resistance area then look for buy on dip upto previous day's high as first target
NSE:NIFTYLong
by KarniKripaa
FASP levels for Nifty 16/05/2023The FASP for Nifty is listed for 16-05-2023. 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.
NSE:NIFTY
by SathishChandrasekaran