Nifty view for 12/04/22.Nifty is taking support from the support zone 17625-675.
It has closed just near the support zone and 200ema on 15 minute time frame and is taking resistance from 0.382 fib levels.
Support :- 17625, 17500
Resistance:- 17795, 17910
Market has consolidated and can go trending as the expire is also on Wednesday.
Wait for the price action near the levels before enter The market.
Niftysetup
Nifty view for 01/04/2022Head and shoulder break down in nifty and can crack more if it breaks its 50Ema on 15 minute time frame.
After 3 day, nifty has closed below its 20 EMA on smaller time frame.
Nifty has stretched a lot and can cool down tomorrow.
Support :- 17450, 17406, 17320
Resistance:- 17500, 17590
Wait for the price action near the levels.
Nifty view for 30/03/22.Nifty looks bullish as it has closed above the resistance level of 17320 and its 20ema.
Market respected its 20 ema on 15 minute time frame and shooted in the second half of the day.
There may be a gap up tomorrow as the closing seems.
Support:- 17280, 17200.
Resistance :- 17450, 17575.
Wait for the price action near the levels, and look for a candlestick pattern before entering the trade.
Nifty view for tomorrow Nifty on multiple small time frame has been taking resistance from its 20ema.
On an hourly time frame, nifty has closed just below the 20ema and is near its crucial support of 17190.
Nifty is bit stronger than bank nifty.
Market may consolidate before moving either side.
Trade opportunity will be in the second half.
#tradingworld
Nifty 50 view for tomorrowNifty on hourly time frame closed above the crucial moving average.
50Ema will act as an immediate support.
Key support:- 50EMA, 16145
Resistance :- 16410, 16500(round figure)
Today's nifty was bullish and may continue a bullish movement once it breaks today's high and sustains above it.
Nifty 50 setup today(16 Feb 22)Tuesday Trading Values:-
Yesterday their was lot of movement the upward sized of Nifty value
Yesterday's Nifty values : 17375 - 16839
Predicted Nifty value 17100 in upward & 16800 in downward
So , yesterday morning nifty value has reached near the predicted value 16800
And the nifty's value still near 17100 till 1 p.m.
From 1.p.m. Nifty crossed the predicted value (17100)
Today Nifty values :
if the nifty value go upwards , the value might reach 17520
if the nifty value go downward , the value might reach 17170
Are we in for a "V" Shaped Recovery?No point guessing where the market may move when we are going to have some highly volatile days ahead. (Fed, Budget, Results etc.)
1. As of now, NIFTY has Stronger Supports than Resistances.
2. 17000 is Technical + Psychological level and would be hard to break. If broken, we've important Supports at 16800/16725/16675 of which 16675 would be most important (App. 200MA)
3. RSI starting to showing strength which needs a follow up Buying. We mandatorily need a closing above 17600 for a confirmed uptrend.
4. Resistance at 17300/17380/17550
5. As discussed in last chart, 15900 would be highly likely if 200MA support breaks.
6. In any case, it's a great time for long term investors getting strong companies at attractive prices. Grab them (After consulting with your financial advisor)
7. Views are speculations. Please don't create positions according to these. Thank You!
NIFTY-24/01/2022 LEVELSHello Trader
NIFTY@24/ 01 /2022
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If Market Opened as a-
GAP-UP: Support of PDH (BUY) – Rejection of T-B (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of Support (BUY) – Rejection of PDL(SELL)
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Happy Learning and Trading.
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not Buy and Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM
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PDH-> Previous Day High
PDL-> Previous Day Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
S-H -> Swing-High
S-L -> Swing-Low
D-T -> Double Top
D-B -> Double Bottom
T-T -> Triple Top
T-B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open