Nifty on the daily time frame has formed a dragon fly doji and closed near the previous resistance area.
Both the index were in different directions. Banknifty closed 100 points lower and nifty closed 40 points higher.
In the first hour, after the gap up opening, tested the 18700 levels and after hitting the support area, slowly gained points.
On the hourly...
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Today's price action is very interesting mainly because
banknifty proved the last 30mts of surge yesterday was fake
banknifty won the tug-of-war with nifty50 at 15.00 today
We will analyze both of them in detail.
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1. We had an unusual gap-up opening and then sudden fall of 220pts ~ 0.5% in 20 minutes. Banknifty went below the support of 44068 inside...
Nifty there is no stoploss available on the top side so nifty might create fake move(bull trap) and start falling up to 18600 level to take out all the buyers(or hit SL).
Nifty has broken the support trendline from monday. If nifty opens a gap-up and again takes support of the trendline we need to wait for the trendline to break.
NIFTY is slowly creeping toward the resistance level. I am expecting price to
pull back after reaching the 18800-19100 level.
Keep an eye on bearish price action at the resistance level and sell with initial target
at 18400 and final target at 18100.
Good morning! As of June 14th, the global market indicates a positive start with a moderately bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation with minor consolidation.
Nifty will be gap up opening in today's session. After opening nifty sustain above 18740 level and then possible upside rally up to 18860 in today's session. in case nifty trades below 18700 level then the downside target can go up to the 18580 level.
SUPPORT @ 18714
RESISTANCE @ 18751
If breaks resistance,
R1 TGT @ 18803
R2 TGT @ 18861
If breaks support,
S1 TGT @ 18684
S2 TGT @ 18622
Note: Don't trade on this information or any other information. This is just a forecast. Learn and try to trade on your analysis.
NIFTY Intraday Trade Setup For 14 Jun 2023
Buy-Above 18730
Sl-18680
T- 18807 18890
Sell-Below 18680
Sl-18730
T- 18615 18550
NIFTY has closed on a bullish note with 0.62% gain today. Buy triggered as per trade setup above 18635 and hit 1st target (18635- 18728+). It was total sideways the whole day after our 1st target was achieved. It has been updated multiple...
A bullish engulfing marabozu candle is there on the daily charts of Banknifty. Market has taken a nice support from 20 ema and given a nice bullish move after touch the support.
On the hourly charts, BN remained in a range and given a nice move in the last hour of the trading session and closed above the 20 ema.
Even on 15 minutes chart, the market has closed...
Market has given a flag and pole pattern on the hourly charts and closed above 18700. On the daily charts, the market has formed a bullish candle.
Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels.
In the first hour market give a nice bullish candle and consolidated...
SGX nifty cmp 18826
SGX nifty index registered high of 18831 today and 18860 in last week.
Last week was not able to close above 18779 levels,
As per wolf wave formation , index in last phase of up move, where index might face resistance around levels of 19000-19100 levels.
As per pre assumption of harmonic pattern formation, leg c of pattern is already matured,...
Nifty50 Key Trading levels 14th June 2023_OptionsTrading Levels
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any...
SELL Signal Activated,
NIFTY has been broken support trendline,
So, It is important for bullish set up to fast recover above support trendline,
But if Nifty will be traded below 18530,
It will go to downward ..
So, Sell below 18530 only.
Target Levels : 18430, 18346, 18130
SL: 18668
Risk is yours and Reward is too yours totally.
Price trading in previous day's range
Safe trade only out side the range.
Monday went in consolidation, today can expect some kind of move.
Structure does not seem for a big move on upside but pressure can be seen to push price lower.
Good RR trade set up near to marked support & resistance area only with 10-20 points SL and 3/5 time the target.
Good morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while Banknifty has three bending waves (ABC). Therefore,...
Nifty will be gap up opening in today's session. After opening nifty sustain above 18620 level and then possible upside rally up to 18740 in today's session. in case nifty trades below 18600 level then the downside target can go up to the 18480 level.
