Niftysignal
Will nifty fall today? Get to know moreHi Friends! Good Morning!
> Nifty PCR Below 1. OI support @14500 & resistance @15000
> Major global index are down in Europe and US.
> In the afternoon when Europe opens we may fall with them.
> OI data reveals that sentiment is negative in our market.
> But our trendline worked as support for multiple times. It can work this time also. In that case nifty continues to be inside the triangle pattern.
> Watch for Support and resistance on the chart.
Stay safe!
Nifty Slightly bullish (Triangle pattern)> PCR is 0.5 and the FII have again shorted in cash and index future.
> Except Europe, all the others are falling including US.
> Data backing the market is negative like the options data, FII and global market.
But Price action is in a triangle pattern. yesterday market took support on the pattern and its up. (just take two seconds out to see our yesterdays analysis post. if you follow that then you can understand price action like a stroy).
> This is a mixed signal we cannot act in the open. wait till the market reaches support to buy and resistance to sell. support and resistance is marked in the chart
Nifty analysis for mondayMax pain strike is now at ITM.
PCR-1.31. High selling near ATM on both the sides, There may be very less chance of market being hugely volatile in the upcoming week.
FII have heavily sold on cash and DII cannot buy even half the value of it.
FII also have heavily sold on index future also. Looks like the FII have created shot positions on the market.
All the global market have closed red. Now the global sentiment is also negative.
Icing on top comes with the daily price action of nifty which is also negative with a huge wic on the upside.
Mostly market will be on a dilemma on Monday. Watch the support and resistance on the chart above.
I have Mentioned support just below the LTP because of the max pain area. If market opens above there may be chance that put option contracts can be closed using the chance which can make our support weaker. So stay alert on monday. Still selling on high looks to be a good idea.
Stay safe.
Nifty support resistance for tomorrow New open interest resistance have moved to 15500 above the all time high. Nifty has reached overbought area. World market are around the all time high and now they are seeing profit booking. Same thing can happen here also. Last two days we have gained more than the world market so selling can happen to save the profits. Do look for selling at high. Support can be broke because its in the over bought area.
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NIFTY SETUP FOR TOMORROWNifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
NIFTY - Turning UpHere's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of 13550 . And moves the same, the target will be 13476 , and after that, if NIFTY breaks the support trendline, the target will be 13386.00 .
NIFTY IT: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019
NIFTY IT moves around -418.25 pips from 3rd June 2019 to 7th June 2019, in which nifty IT break last week 27th May 2019 to 31st May 2019 top 16197.35.
NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
Nifty 50 moves around +449.45 pips from 20th May 2019 to 24th May 2019, in which nifty 50 break last week 13th May 2019 to 17th May 2019 top 11426.15.
NIFTY 50: Breaks April Top: 11856.15
Nifty breakout trade (ioi)There is an inside-outside - inside pattern seen on 22, 23 and 24th of may respectively.
22th candle is an inside candle of 21th , 23rd is an outside candle of 22th and 24th is again an inside candle of 23rd forming an ioi pattern.
Market is long if the price breaks the high of the outside bar ( 12041 )
Market is short if it breaks the low of the outside candle ( 11614 )
Target will be a measured move equal to the range of the ioi pattern.
Upside target : 12472
Downside target : 11185
NIFTY 50: WEEK-TECH-SHEET->1st April 2019 to 5th April 2019ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->1st April 2019 to 5th April 2019
Nifty 50 moves around +201.80 pips from 1st April 2019 to 5th April 2019, in which nifty 50 break last week 25th March 2019 to 29th March 2019 top 11630.35.
As mentioned on reference 15th March 2019 evening order
Nifty 50 attained target 1 yet to attain target 2,3 & 4
Target 2: 11777
Target 3: 11855
Target 4: 12090
NIFTY 50: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 201NIFTY 50: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 2019
Nifty 50 moves around – 137.15 pips from 7th January 2019 to 11th January 2019, in which nifty 50 did not break last week 31st December to 4th January 2019 top nor bottom.
As mentioned on reference 19th December 2018 evening order
If it continuous to break 10985.15
Buy @t Entry: 10990
Stop Loss: 10890
Target 1: 11015
Target 2: 11023
Target 3: 11040
NIFTY 50 2018 RECAP NIFTY 50 2018 RECAP
nifty 50 performed only + 3.29 % for the whole year, in which 28th august 2018 top 11760.20 consider to the year top where as 23th march 2018 low 9951.90 consider to be year low. nifty completed (+ or -) 1808.20 pips which seems to be range bound, for the upcoming year 2019 if nifty 50 breaks 28th august 2018 top: 11760.20 and sustains above that, we can expect a positive year
NIFTY 50 REBOUNDSNIFTY 50 REBOUNDS
Nifty 50 starts below previous day 24th December 2018 low 10649.25, completed positive around + 212.95 pip
which breaks previous week 17th December to 21st December 2018 low 10738.65 but still did not break 24th December 2018 top 10782.30
If it breaks 10782.30
Buy at entry: 10784.00
Stop loss :10534.00
Target 1: 10846
Target 2: 10867
Target 3: 10909
Target 4: 11034
NIFTY 50 OPTIMISTIC???
NIFTY 50 OPTIMISTIC???
nifty 50 starts above previous days 25th December 2018 top 10747.50, complete negative around - 69.75 pip
continue with reference 26th order
If it breaks 10782.30
Buy at entry: 10784.00
Stop loss :10534.00
Target 1: 10846
Target 2: 10867
Target 3: 10909
Target 4: 11034
NIFTY 50 BEARISH DOMINATION???nifty 50 moves around - 133.05 pip and breaks previous week 17th December to 21st December 2018 Low Point 10738.65 which seems to be bearish
as mentioned on reference 19/12/2018 evening order
if it continuous to break 10985.15
Buy @t Entry: 10990
Stop Loss: 10890
Target 1: 11015
Target 2: 11023
Target 3: 11040
Target 4: 11090
Nifty trend linesSupport @ 10300
If it breaks next 10133
Resistance near 10700 - 10750
All Expecting bounce back but as per nature of nifty, it always surprise so Monday target - 10350 level NSE:NIFTY
Nifty Jet Planes are get ready to fly...!Nifty Jet Planes are get ready to fly and current status on standby mode. Waiting for confirmation signal of breakout and whichever the breakout signal happen, particular jet plane will start to fly and mission target of 11000.
Watch the levels for breakout,
Breakout level 1 - 10325 ( Jet plane 1 on board )
Breakout level 2 - 10285 ( Jet plane 2 on board )
I will keep update, about the mission on below the chart.
Looks like Triangle has broken with shift in price volatilityNifty confirmed triangle break with first 15 minute of opening. I think short can be initiated for minimum downside of 8385. Prices are currently retracing to broken line take entry at the end of retrace.
