IS NIFTY HEADING TOWARDS 22600? 2000 POINTS CRASHWe saw a 1000+ fall in Nifty from it's ATH 25078 to 23893 last week and Nifty is taking support from 23900 - 24000 levels which can be considered a retracement for previous fall.
We expect to see another leg of selling from 24420 - 24700 zone and Nifty can go towards 23700, 23100 and final target will be 22600 until Nifty hits 25301 on upside.
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InvestPro India
Niftyshortlevels
Intraday Trade Setup For Nifty 1st JulyTime 7:56 AM 1st July 2024
Reasons for Shorting Nifty today:
1. Wave Analysis - Shorting based on wave counting
2. Ichimoku - Given a sell signal in 15min TF
3. Broke Support Trendlines
4. Risk to Reward in great
5. MACD bearish divergence in 1hr TF
Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge)
We wait for the entry if it doesn't trigger then we avoid the trade.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
SELL NIFTY @ 22450 - 22400 | BIG FALL EXPECTED FROM THESE LEVELSSell Nifty @ 22450 - 22400 with the SL of 22520 for big downside targets. Risk Reward looks great at these levels.
Sell Nifty: 22450 - 22400
SL: 22520
Targets: 22142, 21980, 21870, 21635
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InvestPro India
IS CRASH COMING IN NIFTY? | AGAIN FALL IN JAN - MAR'24We have observed an interesting pattern in Nifty, from Jan 1st week top Nifty gave a fall of 1500+ points in '23 and 2200+ points in 2022. However, 2021 was an exception where we saw a minor fall for approx. 700 points but it went up after forming the bottom.
In 2020 we all are aware what happened, we saw the Covid Crash in Nifty for approx. 5000 points from Jan'20 top to Mar'20 bottom.
If this pattern repeats in '24 and looking at a insane bull run, we can't negate the possibility of a healthy correction. Nifty may form a high till Jan 2nd week around 22000 - 22222 and we can see a fall from the high towards 20950 - 19580.
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InvestPro India Team
14 Aug ’23 Post Mortem on Nifty | CPI comes at 7.44% RBI missed?After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was taken out in the 2nd candle, my conviction for a bear rally was growing.
But that did not last long enough, the bears were unable to push down the prices further and this hesitation gave the confidence for bulls to make their move. There were 2 news/events that should have tipped the scale to the bear’s favor
Deloitte quitting Adani’s audits
Net Interest margin could take a hit, HDFC bank
The first news was speculative, it does not give any indication of the health of Adani’s finances (atleast for the general public). Auditors could resign for a number of reasons. Whereas the second news was more authoritative as it came from the CEO himself. The final impact ADANIENT down -3.29% and HDFCBK down -0.49% (not at all a big impact).
The bulk of the recovery was by RELIANCE, INFY and HUL and I am quite sure 99% of the traders would not have guessed Nifty will close in the green today. I had sights on 19500 CE at Rs19 levels which ended at Rs40 today. If I had any clue of the power of bulls, I would have grabbed on to this opportunity!
At the end of the day, what got formed is a classic double bottom at the support level of 19311 and a descending bearish trend line. If it goes like this - it becomes a falling wedge pattern which is not at all good for the bears.
Having said that, there is one piece of comforting news for the bears. The retail CPI inflation comes in at 7.44% a 15 month high. Guessing RBI made a big mistake of not hiking the interest rate last thursday.
I continue to remain bearish as of now, if the support level is getting broken in the next session - it's an advantage. If not the wedge (triangle) will catch up and it could even mean a reversal of trends.
Nifty trade plan for 12-07-2023As analysed yesterday price hit upper zone to trap buyers & price fell smoothly also gap and upside move was also predictable with double bottom formation.
now as per today's price action market can give momentum only above 19500 and below 19300.
Bias is only sell on rise near to resistance.
No random trading
Nifty Short 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 50 Index Weekly Overview made Bearish Pattern Nifty 50 Index Weekly Overview made Bearish Pattern
Hey Friends Here is an Overview of Nifty Fifty Indian stock market Index for next week. Only Educational purpose to publish this idea. not buy sell advice.
So Nifty 50 made a bearish pattern called Rising Wedge
Nifty Daily Levels Update For Option Day Trading Moday Possible Trade In Nifty | Keep Eye on China Insight Updates
Call Side Posiible Trade in Nifty on Monday
First Possible Trade
Tread Entry
If Nifty sustain Above Support Zone (16720 -16705) You can Buy 16700 ATM CALL OPTION
Trade Target
Up side First Target is 16763 and If Any 1 Hour CandleCloses above first Target then Second target is 16800
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16700 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Second Possible Trade - If Nifty50 Open Gap Down
Tread Entry
If Nifty sustain Above Support Zone (16606 -16588) You can Buy 16600 ATM CALL OPTION
Trade Target
Up side First Target is 16650 and If Any 1 Hour CandleCloses above first Target then Second target is 16705
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Below Support 16588 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints
Monday Put Side Posiible Trade in Nifty
Tread Entry
If Nifty Sustain Below Resistance Zone (16720 -16705) You can Buy 16350 ATM PUT OPTION
Trade Target
Down side First nifty Target is 16600 Second target is 16480
Tread Stoploss
After Entry in Trade If any 30 min. Candle Closes Above Resistance 16720 then exit From Trade Or Take Stoplos of Maximum 20 /25 oints