In the highly volatile session, the Indian indices ended lower
for the 4th straight session on Apr 18
Nifty closed below imp level of 22,000
The index may face resistance at the 22200/300 zone
Whereas support is placed near 21900/850 zone
*For Education Purpose
Practice and Learn price action setups
ENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NIFTY Intraday Trade Setup For 19 Apr 2024
Sell_1- From 22250
Invalid-Above 22300
T- 22080
Sell_2- Below 21950
Invalid-Above 22000
T- 21750 21585
NIFTY has closed on a bearish note with 0.69% cut today. Last weekend analysis is going well as we discussed that index will be under bear's grip below 22500 as per the effective 2nd leg shooting star candle in weekly...
Above closing on that White line in any hourly could trigger price upwards 📈
(Sideways to bullish)
22343 -- 19th April
Support on 22343 could 📈 to 22714 -- 22789 within ( 26th April -- 2nd May )
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
"Good morning, friends! Here are the directions for April 18th:
Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction.
On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall.
In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades.
It trading below the 20 ema (daily) and may come to retest the...
Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum."
Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly,...
Nifty Prediction for Thursday Expiry:
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BULLISH
Nifty is sustaining at strong support level, if this holds good and in case Thursday opens gap up, it is a sign of strong uptrend. Plan for positional entries as well and you can find the intraday levels too marked on the chart.
Look for Buy/Sell at Demand...
NIFTY50 CMP - 22754
Although NIFTY50 is trading at its ATH & making new ATH everyday but NIFTY50 is looking lil tired.
Crude at $90, High bond yields, Bullion at ATH, Weak global sentiment & Weak US markets - nothing looks in favor of bulls.
It would be interesting to see if bulls keep on buying & take NIFTY50 to 23k or is it time to be cautious and book longs...
"Good morning, friends! Here are the directions for April 16th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be...
Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: "On the higher time frame, we have a double top formation (M pattern). To negate the pattern we would have to take out the ATH, otherwise, it looks like a nice setup to go bearish. 22519 is a good interim support level, the main support comes only at 22295."
I personally did not punch any manual or...
NIFTY Intraday Trade Setup For 16 Apr 2024
Bullish-Above 22430
Invalid-Below 22380
T- 22660
Bearish-Below 22250
Invalid- Above 22300
T- 22050
NIFTY has closed on a complete bearish note with 1.1% cut today. In the weekend we discussed that index has formed a short term top as it formed a 2nd leg shooting star in weekly TF. Only thing is that it opened directly...
Nifty Prediction for Tomorrow :
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BEARISH
Nifty and Banknifty both at strong Support level for BULLISH rally for new High in the upcoming days.. Sharp selling today is a correction, Expecting uptrend from tomorrow.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply...
NIFTY
LTP 22519.4
Strong Bearish Candle can be seen in Chart Below
Strong Support Range For Short-Term 22300---22350
Buy on Dips... to be followed
TARGETS🎯 22390 / 22450 / 22511 / 22595 / 22640 / 22700++
Regards..
Harm⭕nics4Life
14/04/2024
"Good morning, friends! Here are the directions for April 15th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease.
I'm really sorry, I can't say exactly how the market will react today...
looks like Nifty is trying to break the trendline above it. if nifty breaks the trendline, it may be a bullish movement. if it crosses below the 21900 level(support marked on the chart), a bearish movement is possible.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any...
UPL is forming a double bottom pattern. If it breaks the resistance and confirm the breakout with volume spike, it may go higher. UPL is in a downtrend so limit your position size.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our...
In this video, we'll discuss about Market Movement and Tomorrow's/Next Week Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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