Niftyshort
Naukri Target: 1200, reduced IT hiringIndeed is a Japanese company, direct competition with Info Edge brand, Naukri. Naukri valuation / p/e ratio is steep when IT hiring this low.
Naukri or infoedge stock has low liquidity and unjustified upsurge in last 5 days. This calls for selling until 3000 levels achieved (short term).
Long term targets are 1800, 1500, 1200
Sell call options at 4000 spot price, right now.
Long term bearish outlook.
Elliotical approach to Nifty 50 Short.Hello Traders!
1. The previous count wasn't respected by the market. So we had to check for a new count . After re-analysing the Nifty 50 market, we realised that it is the Wave C of the correction that is in progress .
2. We have a major support of 15300 . That's where we expect the market to be soon. An overall fast, impulsive movement.
3. The only unknown factor we have with us is time . The C wave can also end up being an ending diagonal or could just be a simple impulsive movement. Only time will really tell us. All we know for sure is the market should take a deep fall at least till the range of 15300.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
#NIFTY downtrend movement potential with RISK:REWARD 5.6#tradingstrategy #tradingclasses
symbol Nifty 50
Time frame 4 hours
Analysis Breakout from the symmetrical Triangle ,so we can expect downtrend movement with Risk:reward of 5.6
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
3 Black Crows In NIFTY On Monthly Time FrameIf Nifty March Give Closing Below 17255 ( Spot ) Then With SL Of Monthly Close Above 18135( Spot ) I'm Calling A Big Recession.
The same chart pattern formed in Dec 1994 and that time high of Nov 1994 broken in July 1999.
it means that time market went into weakness for 4 Years and 8 Months.
This time situation is extremely worse. My expectation is if 3 Black Crows activate then we might fall 40-50% in coming months & years.
NIFTY, March 14, 2023NSE:NIFTY
17300 act as resistance, wait for breakout if breakout confirm then our target is 17500-17600
17100 can act as support level consider shorting below this level, next support is on 17000-16950.
Happy trading :)
Rana Sandeep Singh
Analyst, Trader, Investor
Detailed daily index analysis at
in.tradingview.com/u/starkwelt/
FASP levels for Nifty 13/03/2023The FASP for Nifty is listed for 13-03-2023. 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.
Nifty 50 Head and ShouldersNifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days.
Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price earning of 10 to 15.
FASP levels for Nifty 03/03/2023The FASP for Nifty is listed for 03-03-2023 . 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.