Previously in NIFTY Outlook (7th Nov 2021) post:
-18098 was the first target, it is achieved on 9th Nov very accurately and market reversed to retest support afterwards.
-17763 was the mentioned support, Nifty was saved by almost 40 Points.
-Today Nifty tried to breach the first target (18098) with a Gap up but was unable to sustain above it.
-The second target...
NIFTY Intraday Trade Setup For 06 Dec 2021
NIFTY has taken from the psychological level near 17500. This leg can continue till 17050 if we break Friday's low. But if low is not breached and if closes above 17250 then will long for the target of 17300 and 17350.
Selling would be much fast...
NIFTY Intraday Trade Setup For 03 Dec 20212
T-17500 17533 17600
As discussed yesterday above yesterday's high the rally will continue and that is what has happened today.
We will again buy above today's high for the target of 17550. 17600. is an important resistance which is likely to be tested...
As per present scenario, Corrective wave (WXY) is underway in the nifty . During corrective wave nifty has given move to the points, which are exact fibonacci retracement point. Like wave (b) of wave W has exactly retraced to 0.618 and the same is with wave X. with such precedent, it is most likely that nifty should touch 16605 which is 1.618 extension of wave w...
as one can due to some global weakness and news Indian market fallen much and now nifty at crucial level if sustain above these Harmonic levels then only we might see recovery in Nifty. Trade according to your trade setup.
******whatever charts or levels sharing here or on any other platforms are just for...
In today session, NIFTY will open gap down and expected opening below 17400 level. After opening 17370 is an important support level for nifty. In case nifty not sustain above this support level then possible further downside upto 17220 level.
Pls read the above chart and try to understand each scenario and then correlate it with current scenario 👆 Cannot be explained into words so I took out time to allocate everything on the chart.
I welcome your views.
Nifty Trade Plan for 18 NOV 2021
Expecting Nifty to open flat to small gap down today.
Nifty had taken good support at previous virgin CPR levels,if that is compromised we can expect Nifty to test out 17800 levels once and find reversals from there.
In case if we find some support around 17800-17840 levels we can expect Nifty to again test out CPR levels so we...
Nifty Trade Setup for 17 NOV 2021
Nifty looking weaker by closing below next day CPR levels in yesterday session.
Expecting a flat to small gap down opening.
If previous day low is compromised then the first support is around the bearish Breakout zone of 17900 and then if that is taken out we can expect 17800 to be tested.
To go long today only if CPR is taken...
Currently NIFTY trading in Uptrend Parallel Channel. According to this channel next support for NIFTY50 expected near 17900 level. At this points there have a two possibilities:
2) Breakdown(Low Probability)
- From Starting of this month nifty consolidating this parallel channel. To fulfil parallel channel mostly their have 3 support...
Nifty Trade Setup for 09 Nov 2021
Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong.
In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out...
Nifty has taken support at 17968, and It has made a triangle pattern on the support zone.
If it gives break out above and enters in the channel, we can expect a recovery.
Otherwise, nifty will break the support level and make a new low.
Also, check my old idea if it enters the...
This post is all about the relationship of price with support and resistance marked on the chart which along with the trade idea posted yesterday to trade in BNF. Point no.2 clearly stated that after taking out halt 2 upside move. The white arrow shows the taken-out conditioned fulfilled. Here is the trade idea posed on the community tab...
This video link below box is all about understanding price action with Yogesh Vats part 4 where you will come to know how to use support resistance with my understanding of price action for entry and exit in intraday trades. Here you will get a detailed explanation of every entry and exit with discipline. A must-watch video.
Nifty has given a lower breakdown recently, as we suggested earlier that soon we will get an opportunity to short nifty for a profit of 800-100 points, which we got.
Next week, we are not much bullish on Nifty, downtrend will continue.
Traders can enter for a short position with a stop loss of 17380 (Nifty spot price) for a target up to 16800.
NIFTY- Weekly Update
Nifty is still sell on rise till we get a closing above 17600, being a strong resistance.
Trade all the breakdowns bear flag and support breakdowns.
Nifty is short positionally again below 16800 for the target of 16075
We have been shorting and...